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Delhi Metro is Exploring Ways to Boost its Revenue Through Property Development

Anuj Dayal(Principal Executive Director, Corporate Communications , DMRC) - September 10, 2023 - - 0 |
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Delhi-Metro

Over the last 20 years of its operations, Delhi Metro, the lifeline of the capital’s residents, has established itself as the most reliable and efficient mass transport system in Delhi-NCR. With about 400 km of operational track on 12 different lines, it serves 6 million people of Delhi, Noida, Ghaziabad, Gurugram, Faridabad, Bahadurgarh, and Ballabgarh across 3 states. Delhi Metro’s vast network connects key residential, commercial, educational, healthcare, and retail hubs in the NCR, besides integrating other modes of transport systems like railways and inter-state bus services. Recently on September 4, 2023, Delhi Metro Rail Corporation (DMRC) recorded its highest-ever passenger journeys in a single day at 71 lakh.

During the post-covid period, DMRC is facing the challenge of increasing revenue generation as it had suffered huge losses during the covid pandemic due to lockdowns and travel irestrictions. In 2019-20, DMRC had earned a revenue of Rs 3897.29 crore with an operating loss of Rs 865.79 crore. In the year 2020-21, the total revenue earned amounted to Rs 1761.23 crore. However, the DMRC’s current revenue had already topped 80% of the pre-covid level and the efforts are on to boost non-ticketing revenue by way of property development.

A number of property development projects have been executed in recent years. The shopping mall cum multiplex at Dwarka Sector 21 is a good example. The Hauz Khas Metro  Station has also been redeveloped with a food court and other retail outlets. Encouraged by the positive response to our property development initiatives, we are giving it a further push and more property development projects are in the pipeline Also as part of boosting non-ticket revenue, we are open to taking up construction projects wherever feasible. We are already actively involved as a construction agency for the Mumbai and Patna metro projects.

We have made a global foray as a consultant. We are already working as a general consultant for the Dhaka Metro Project in Bangladesh. Further, expanding our presence as a consultant, we are actively bidding for metro projects across the world including metro projects in Tel Aviv (Israel), Alexandria (Egypt), Bahrain, Mauritius, and Ho Chi Minh City (Vietnam).

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