The Delhi Metro authorities have launched tenders to lease approximately 2,526 square meters of space for commercial development in the Trilokpuri-Sanjay Lake metro station on the Pink Line corridor. The property is located on the first floor of Trilokpuri-Sanjay Lake Station, near Sanjay Lake. The successful bidder will be offered the space for a period of 15 years, according to a statement shared by metro operator Delhi Metro Rail Corporation (DMRC).
The area is proposed to be rented out for specified purposes such as shops, organized commercial space, office space, banks. The Pink Line station is located in the northeastern periphery of the city and is also near residential areas such as Kalyanpuri, Vinod Nagar, Trilokpuri, Mayur Vihar Phase-1 and 2, among others. (Also read: Delhi Metro to build India’s longest corridor completes civil work on Pink Line ‘missing’ link)
Some of the residential group housing projects as part of the cooperative group housing society (CGHS), such as Maitri Apartments, Manu Apartments, Una Enclave, Sahyog Apartments, are also located near the property to be rented out for commercial development.
There are limited organized commercial developments in the immediate vicinity of the property to be rented and the nearest organized commercial center is Mayur Vihar District Centre, which is located at a distance of about 4-5 km from the development area, according to DMRC.
The National Buildings Construction Corporation (NBCC) – a state-owned company has signed a memorandum-of-understanding (MoU) with the Delhi Development Authority (DDA) for the development of an integrated lake-view complex along Sanjay Lake of approximately 27 hectares. This project will improve the leased real estate in Trilokpuri-Sanjay Lake Subway Station in the medium to long term.
Recently Delhi Metro completed the civil work on the ‘missing’ section of the Pink Line – between Mayur Vihar Pocket 1- Trilokpuri Sanjay Lake, by installing steel girders for connecting the two ends of the Pink Line corridor, resulting in a single metro route between Majlispark to Shiv Vihar.