India, Sept. 30 -- The company that operates the two metro lines - 2A and 7 - that run across the length of the city has decided to monetise the space it owns along these corridors. Accordingly, the Maha Mumbai Metro Operation Corporation Limited (MMMOCL), a subsidiary of MMRDA, has floated tenders to lease 68,166sq ft at several of its metro stations along these corridors, for retail and commercial purposes.

The decision follows a similar move by the Reliance Infrastructure-led Mumbai Metro One Private Limited (MMOPL), which is hoping to generate additional revenue through non-fare sources. The plan will be reviewed by a panel set up by the Mumbai Metropolitan Region Development Authority (MMRDA), which co-owns MMOPL along with Reliance...