Daijiworld Media Network - Bengaluru

Bengaluru, Mar 29: In a move to boost non-fare revenue, Bangalore Metro Rail Corporation Limited has entered into an agreement worth Rs 40 crore with Bagmane Developers Private Limited to rename a key metro station along the Outer Ring Road corridor.

Under the deal, the DRDO Sports Complex Metro Station will be rebranded with the Bagmane name for a period of 20 years. The company has already paid Rs 20 crore as advance, with the remaining amount to be paid as per the agreement terms.

The station is part of the crucial Silk Board–K R Puram metro corridor, which forms a segment of the 19.75-km stretch connecting to the airport line. The corridor is progressing rapidly and is expected to be opened for commercial operations by December this year.

The agreement was signed between BMRCL managing director Dr J Ravishankar and Bagmane Developers representative Aditya Bagmane.

This is not the first such initiative, as several metro stations in Bengaluru have already been named after private entities. These include Biocon Hebbagodi, Delta Electronics City, and Prestige Group Bellandur stations, with the latter reportedly involving a deal of around Rs 90 crore.

Officials said discussions are under way to finalise similar naming rights for two more stations on the same corridor. The initiative is expected to generate additional revenue for BMRCL and support the operational and maintenance costs of the metro network.