Bengaluru: Namma Metro plans 11-storey parking, commercial hub at KR Puram
Bengaluru: Namma Metro is reportedly planning to develop an expansive parking facility and commercial space near the KR Puram station as part of an integrated property development initiative to increase non-fare revenue.
The greenfield project will feature an 11-storey building, plus ground floor and two basements. This facility will be located merely 50 metres from the forthcoming interchange metro station connecting the Purple and Blue lines, according to a report by Deccan Herald published on Monday.
Raghavendra Rao, Deputy Chief Engineer (Property Development Division), Bangalore Metro Rail Corporation Limited confirmed that the project would be developed under a public-private partnership (PPP) model, with a tenure of 30 years. He told DH that the parking facility would occupy the two basement levels, while the upper floors would be designated for commercial use, offering opportunities for office spaces, retail outlets, and shopping malls.
The BMRCL anticipates substantial revenue from this venture, including an upfront non-refundable premium of Rs 10 crore, along with a minimum of Rs 2 crore in annual licence fees, Rao added.
Requests for proposals for the project have already been invited, with the final date for bid submissions set for May 13, 2025. The report mentioned that the the successful bidder will design, finance, build, operate and transfer the project, which will be valid for 30 years, including two years of construction.
The project is expected to be ready by 2027.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Tejashwi Yadav to head INDIA Bloc’s coordination committee for Bihar assembly elections
Patna: The opposition INDIA bloc has named Rashtriya Janata Dal (RJD) leader and former Bihar Deputy Chief Minister Tejashwi Yadav as the head of its coordination committee for the upcoming Bihar Assembly elections.
The decision was made during a meeting of the six alliance partners – Congress, RJD, Communist Party of India (CPI), Communist Party of India (Marxist), Communist Party of India (Marxist-Leninist) Liberation (CPI(ML)), and the Vikassheel Insaan Party (VIP) – held in Patna on Thursday, April 17.
While the bloc stopped short of formally declaring Yadav as its chief ministerial candidate, it confirmed that he will lead the key decision-making committee for the election campaign. The committee will be responsible for drafting a common minimum programme, finalizing the manifesto, managing seat-sharing talks, and coordinating campaign strategies.
Congress’s Bihar in-charge Krishna Allavaru, speaking at a joint press conference after the meeting, said, “The coordination committee will be the supreme body for the INDIA alliance, overseeing every aspect of the election. Tejashwi Yadav will be its chairman, and members from all alliance partners will be included.”
The meeting followed Yadav’s recent discussions in Delhi with Congress president Mallikarjun Kharge and Leader of the Opposition Rahul Gandhi.
Addressing the media after the Patna meeting, Yadav said, “There is deep resentment among the people of Bihar due to unemployment, poverty, and increasing migration. Even the NITI Aayog’s report confirms Bihar as the poorest state despite 20 years of rule under the NDA.”
He further criticized both Chief Minister Nitish Kumar and the central government, stating, “The real double engine in Bihar is crime and corruption.”
In the 2020 Assembly elections, the RJD emerged as the single largest party with 75 seats, while Congress won 19 of the 70 it contested. The CPI(ML) secured 12 of 19 seats, and the VIP, despite exiting the alliance before the elections, won four seats.
The INDIA bloc is now preparing to mount a consolidated challenge to the ruling NDA in the upcoming state polls.
