Maharashtra Transport Minister Invites CREDAI to Develop MSRTC Land
Developers partnering with MSRTC will have the opportunity to use the remaining portions of the land for commercial projects, making it a lucrative endeavor for the real estate sector.
MsrtcCredaiMaharashtraReal EstateInfrastructure DevelopmentReal Estate NewsJan 19, 2025
This announcement was made at an exhibition organized by the Maharashtra Chamber of Housing Industry on Sunday.
Minister Sarnaik outlined ambitious plans to utilize MSRTC’s vast land assets for both infrastructure and sustainable development projects.
The MSRTC land, spread across 842 locations in urban, semi-urban, and rural areas, will be developed under a
Frequently Asked Questions
What is the total area of land owned by MSRTC that is being proposed for development?
The total area of land owned by MSRTC that is being proposed for development is 1,360 hectares. This land is spread across 842 locations in urban, semi-urban, and rural areas.
What are some of the proposed projects for the MSRTC land?
The proposed projects include the construction of bus stations, depots, administrative offices, electric bus charging stations, rainwater harvesting systems, solar panel installations, and 100-bed modern hospitals at district centers.
What is the role of CREDAI in this initiative?
CREDAI, the Confederation of Real Estate Developers’ Associations of India, is being invited to actively participate in the development of MSRTC's land. They are encouraged to submit suggestions and proposals for the initiative.
What additional opportunities are available for developers partnering with MSRTC?
Developers partnering with MSRTC will also be allowed to utilize the remaining portions of the land for commercial projects, offering a lucrative opportunity in the real estate sector.
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