Monorail: Unused land may be used for commercial

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By Accommodation Times Bureau

MUMBAI

In a move to make use of unused land, MMRDA has decided to enlarge Monorail Wadala car shed land for commercial use. The depot land would be developed on the lines of BKC, an official said who did not wish to be named.

The official said, PwC has been appointed for design model and shortly will float tender after it gets finalized. Almost around 5-7 acres of unused land is vacant, according to a publication.

According to a source familiar with the development said MMRDA is looking out to generate revenue from this vacant land as it will be given on lease. The monorail is facing financial crises at present.

The project of Monorail was built around at Rs 1,000 crore and it was expected to carry around 1 lakh commuters a day.





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