Nagpur: This the right time to invest in the first phase of Nagpur Metro Rail Project’s property as the metro rail has already started its run on three stations observed Managing Director of Maharashtra Rail Corporation Ltd. He was speaking at the metro investors meet organised by Maha Metro at Chitnavis Centre in Civil Line.
He informed that metro has made lot of collection through the Non- Fare Revenue. This includes the sum got from stamp duty, NHI etc. He also said that the metro has been generating its revenue from property development besides the ticket sale.
For this meet investor had come from Delhi, Mumbai, Pune, Bangalore and cities. Nearly 50 real estate developers attended the meet.
The main aim of this meet was that the investors should invest in the commercial complexes of Maha Metro. Maha metro has six big sites like the Zero Mile, Sitabuldi, Metro city (MIHAN), Hingna Residential Township and Commercial, Cotton Market, Kasturchand Park station, Santra Market and other important sites with total 2,65,859 sq mt (80 lakh sq ft) built up area. The Maha Metro’s more than 50 per cent project cost will be generated from property development and out of main is the commercial development.
World class metro stations will be developed by the Maha Metro. Zero mile stone station will be 20 storied. The metro train will come on fourth floor. This complex will be commercial as well as residential. The entertainment zone, urban market, urban forest zone will be there on 19 lakh sq ft area.
Maha metro is also developing metro city. The power will be 100 per cent from solar energy and the traffic in the residential area will be eco- friendly, battery operated and water harvesting.