+
CMRL Seeks Expert Help for Development
RAILWAYS & METRO RAIL

CMRL Seeks Expert Help for Development

The Chennai Metro Rail Limited (CMRL) has initiated a search for expert consultancy to aid in the commercial development of metro properties in Chennai. This move aims to maximize the potential of CMRL's assets and create new revenue streams through strategic commercial initiatives.

The consultancy will focus on several key areas, including the development of commercial spaces within metro stations, integration of retail and office spaces, and optimization of land use around metro corridors. The goal is to enhance the commercial viability of metro properties while ensuring that these developments complement and support the metro's operational objectives.

Expert advice is sought to guide CMRL in identifying and implementing best practices for commercial development, leveraging opportunities for partnership with private entities, and ensuring that projects align with urban planning and development goals. The consultancy will also help in designing and executing strategies that boost commercial revenues and improve overall service quality.

This initiative reflects CMRL's commitment to not only expanding and enhancing the metro network but also to maximizing the value of its real estate assets. By engaging experts in commercial development, CMRL aims to create a more integrated and economically sustainable metro system.

The outcomes of this consultancy are expected to contribute significantly to Chennai's urban development, improving connectivity and providing additional services and amenities for metro users and the broader community.

The Chennai Metro Rail Limited (CMRL) has initiated a search for expert consultancy to aid in the commercial development of metro properties in Chennai. This move aims to maximize the potential of CMRL's assets and create new revenue streams through strategic commercial initiatives. The consultancy will focus on several key areas, including the development of commercial spaces within metro stations, integration of retail and office spaces, and optimization of land use around metro corridors. The goal is to enhance the commercial viability of metro properties while ensuring that these developments complement and support the metro's operational objectives. Expert advice is sought to guide CMRL in identifying and implementing best practices for commercial development, leveraging opportunities for partnership with private entities, and ensuring that projects align with urban planning and development goals. The consultancy will also help in designing and executing strategies that boost commercial revenues and improve overall service quality. This initiative reflects CMRL's commitment to not only expanding and enhancing the metro network but also to maximizing the value of its real estate assets. By engaging experts in commercial development, CMRL aims to create a more integrated and economically sustainable metro system. The outcomes of this consultancy are expected to contribute significantly to Chennai's urban development, improving connectivity and providing additional services and amenities for metro users and the broader community.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?