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Mumbai Metro station retail tender draws 68 bids from 18 bidders, including McDonald's and pod hotel operators
MMMOCL received 68 bids from 18 bidders for Mumbai Metro station kiosk and commercial spaces, with the tender expected to yield at least Rs 5 crore a year in rent. Bidders include McDonald's, pod hotel operators and fashion retailers.
Store and format facts
Figures from ET Hospitality
| Cumulative 10-year revenue potential: | Rs 50 crore |
|---|---|
| Unique locations attracting interest: | 39 |
| Commercial space in tender: | 20,000sqft |
| Commercial blocks tendered: | 13 |
| Kiosks tendered: | 26 |
| Tender closing date: | September 30 |
What it means for the format
The 18 bidders, spanning quick-service restaurants, pod hotels and fashion, are a ready list of transit-retail operators to track for partnership, franchise or co-location tie-ups once the winners of the 30 September tender are known.
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