Published on Mon, Jul 28, 2008 at 08:36 | Source : Business Line
Updated at Mon, Jul 28, 2008 at 09:04
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Delhi Metro Rail needs to ride on rental revenues
If Delhi Metro Rail Corporation (DMRC) is able to rent out most of the real-estate space along its track lines for commercial utilisation, then it is expected to rake in revenues of Rs 2,100 crore three years down the line, which is almost 190 per cent higher than the current levels, states an Assocham study.
If Delhi Metro Rail Corporation (DMRC) is able to rent out most of the real-estate space along its track lines for commercial utilisation, then it is expected to rake in revenues of Rs 2,100 crore three years down the line, which is almost 190 per cent higher than the current levels, states an Assocham study.
Till date, the DMRC in its limited operational circles has not been able to rent out more than 40 per cent of its space suitably for commercial gains.
Incidentally, this is the model of Hong Kong metro rail, which is one of the few profitable metro rail systems. DMRC's revenue generation through rentals would go beyond Rs 850 crore from corporate outlets, ATMs.
And through sale of tickets, the DMRC is expected to earn nearly Rs 700 crore and about Rs 600 crore from space allocations to corporate advertisers, it says in a study titled 'Future's Revenue Growth of DMRC by 2011'.
Employment avenues
In percentage terms, DMRC would earn 39 per cent of its revenues by leasing out space to companies for commercial use, while 33 per cent revenue would accrue through ticket sales and 28 per cent share of the earning would come from advertising space sale.
The DMRC revenue for 2007 calendar year was Rs 730 crore.
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Till date, the DMRC in its limited operational circles has not been able to rent out more than 40 per cent of its space suitably for commercial gains.
