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MUMBAI: After offering space for spa and retail, Western Railway has decided to lease out space to set-up a warehouse at Grant Road station, areas around which have booming business, especially in electronic and computers.
Grant Road lies in the heart of South Mumbai and there are wholesale markets at Lamington Road dealing in electronic goods, Mangaldas Market for cloths, Kalbadevi, Bhuleshwar etc.
This is a highly commercialised but congested area. Due to space crunch developing a warehouse in this area is a challenge. Hence, WR feel that a warehouse with ample capacity and facility in the vicinity of these business centres shall prove to be gamechanger for businesses in this area
Mumbai: Western Railway offers prime land in Grant Road to private businesses
Western Railway is putting up a prime parcel of land, a late 19
th century parcel depot located in Grant Road, for renovation, utilisation and operation by a private party for five years. It is offering this 2,058.25 sq metres plot - which is among the oldest parcel depots, built in 1890 â to private businesses. For the past many years now, this depot has not been used. Hit by falling revenue amid the pandemic, the Railways is looking at non-fare revenue models to generate additional revenue.
The space, spanning over half-an-acre in the heart of south Mumbai is expected to rake in some revenue for the rail authorities in this pandemic times. The reserve price they are asking for is Rs 4.83 crore per annum, with escalation of seven per cent in subsequent years.
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