Published On : Thu, Jun 24th, 2021

Maha Metro to build 25-storey parking-cum-commercial complex in Nagpur

Nagpur: Maha Metro will be adding another feather in Nagpur’s cap by constructing a 25-storey parking-cum-commercial complex at Patwardhan Ground opposite Yashwant Stadium here. The building will be 88 metres tall and will be developed on a Public Private Partnership (PPP) basis.

Maha Metro has floated three tenders for the ambitious project. The complex will be connected to Sitabuldi Interchange Metro Station by a foot overbridge (FOB). The operator will be given a period of 4 years for construction and the concession period will be 60 years including the construction period, a press release said.

The land area is 19,890 square meter and the use is commercial. The permissible floor to space index (FSI) is 2.5 but can go up to 4.0 under transit oriented development (TOD) policy, subject to payment of a premium. The private operator will have to spare 15% of the land as open space. The maximum constructed area possible on this site is 5.25 lakh sq feet.

The operator will provide parking slots for four-wheelers, two-wheelers and bicycles in the complex as mandated by Development Control Rules (DCR). In addition, the operator will have to provide an extra parking space for 100 cars and 100 two-wheelers. Maha Metro is also developing an exclusive consumer electronics goods market at concourse level of the under-construction Zero Mile Freedom Park Station. Fifteen shops are being constructed there having an area between 8.75 sq m and 13.28 sq m. The lease period will be 9 years.

Maha Metro has also floated tenders for leasing out 17 commercial spaces having area between 17.34 sq m to 89.35 sq m at various stations of Reach I (Sitabuldi Interchange to Khapri) and Reach III (Sitabuldi Interchange to Lokmanya Nagar). The lease period for these shops will also be 9 years. The spaces are located at Khapri, Airport, Rahate Colony, Bansi Nagar, Vasudev Nagar, Rachna Ring Road and LAD Square Metro stations.