Firm to invest Rs 100 crore to build Kadubeesanahalli Metro station
Bengaluru: Embassy Office Parks REIT (Embassy REIT) has signed an agreement with BMRCL for the construction of Kadubeesanahalli Metro station building on Outer Ring Road. Vikas Telecom Private Limited (VTPL), which is part of Embassy REIT, will fund the construction with an investment of Rs 100 crore.In a press release, BMRCL said Namma Metro will offer naming rights of Kadubeesanahalli station along with advertisement, commercial space and direct connectivity for 30 years. The new station will be named Embassy Tech/Village Kadubeesanahalli Metro station. Kadubeesanahalli is part of the Blue Line from Silk Board to Kempegowda International Airport.
Stay updated with breaking news, weather updates, bank holidays and upcoming public holidays in march.
Stay updated with breaking news, weather updates, bank holidays and upcoming public holidays in march.
Top Comment
SB Sy
13 hours ago
Don't worry, the riders will pay this investment back with the exorbitant fares. The concept is right, but should be used for cutting down the fare, since there is a saving on either Capex (if it is done free) or in Running Cost as 'Income from other Source' which can also be garneerd by leasing advertisement space (eg on Metro Pillars, Stations etc or even in the Digital Advertising on railway Stations). Offset it against Ticket prices.Read allPost comment
Popular from City
- Sambhal’s second coming: City’s skyline changed in 100 days since riots
- Hyderabad techie dies by suicide 6 months after wedding, family alleges dowry harassment
- APPSC issues notification on direct recruitment for Group-II services
- ‘IIT Baba’ Abhay Singh arrested from Jaipur hotel with marijuana
- U-bridges worsen OMR congestion
end of article
Trending Stories
- Airbnb co-founder Joe Gebbia joins Elon Musk's DOGE, says: I’m bringing my ...
- 3 Zodiac signs that will overcome their biggest obstacles in March 2025
- “He didn’t pay me”: Wayne Gretzky jokes about Team Canada's coach Jon Cooper amid ongoing backlash over his connection to Donald Trump
- Is a break-up on the way? Taylor Swift reportedly advised to distance herself from Travis Kelce amid growing backlash and its impact on the Chiefs' TE
- India sends request to US seeking crucial info in Rs 64 crore Bofors case
- "A dud": Wayne Gretzky controversy now involves Leafs' Max Domi as he gets brutally trolled for mentioning the former hockey player
- "Decline of Matthews": Auston Matthews’ body language and performance lead to speculation about a potential decline
Visual Stories
- How to make South Indian Paneer Butter Masala Dosa for breakfast
- 10 ancient animals that still exist
- 10 exotic animals to spot inside Kashmir's Dachigam National Park
- 10 powerful ways to detox and reset your mind
- 10 things parents should never do in the morning before sending kids to school
TOP TRENDS
UP NEXT