The increase in passenger footfall for availing the Metro service has given a major push to the efforts of the Kochi Metro Rail Ltd (KMRL) to generate non-ticket revenue by renting out business kiosks and office spaces in Metro stations.
Demand for kiosks and office spaces at Kochi Metro stations is on the rise in view of the reports of the gradual increase in the number of passengers availing Metro services in the city after the lifting of Covid regulations in the state.
When the first phase of auction was held recently, 33 kiosks and 10 office spaces were rented out and the second phase auction would be held in the coming days. According to the data provided by KMRL, by the end of the third wave of Covid in December last year, the average number of passengers who availed the Metro service was 65,000 passengers per day.
But the number had dropped to 36,000 when the fourth wave started in January this year. Later, the number gradually increased and the number of passengers reached a record high of 72,000 per day on some days in May.
With the onset of rains, the number has now dropped to an average of more than 60,000 passengers per day. “As the number of passengers increased, the business of those who have now opened kiosks at Metro stations has also started improving. The trend is expected to help the successful auction of kiosks and office spaces in the coming days and generation of additional revenue to Metro,” said a KMRL source.
There are 63 kiosks and 18 office spaces left at Aluva, Vyttila, Company Pady, Ambattukavu, Edappally, Muttam, Cusat, Town Hall, JLN Stadium, Changampuzha Park, Palarivattom, MG Road, Maharaja’s College and Ernakulam South stations, for the auction. The rates for the spaces range from Rs 50 to Rs 25,000 per sq ft. KMRL has also started pre-licensing the office spaces and business spaces in Vadakkekkotta station, the largest station of Metro, which is under construction.