MSRTC (Maharashtra State Road Transport Corporation) has proposed a 99-year lease to implement redevelopment projects in Pune. The corporation has partnered with CREDAI (Confederation of Real Estate Developers' Associations of India) to drive these initiatives.
MsrtcRedevelopmentPuneCredaiSustainable DevelopmentReal Estate PuneApr 23, 2025
The 99-year lease proposal by the Maharashtra State Road Transport Corporation (MSRTC) is a plan to revitalize underutilized properties in Pune through a long-term lease model. This initiative aims to attract private investment and expertise to transform the city's transportation and real estate sectors.
CREDAI (Confederation of Real Estate Developers' Associations of India) is a national organization of real estate developers. In this project, CREDAI is partnering with MSRTC to facilitate the redevelopment of bus depots, terminals, and other transit hubs in Pune.
The primary objectives of the MSRTC's redevelopment proposal are to modernize transportation facilities, reduce traffic congestion, enhance the urban landscape, and promote sustainable development. The project also aims to create job opportunities and stimulate local economic growth.
The community will be involved through public consultations and feedback sessions. MSRTC and CREDAI are committed to ensuring that the needs and preferences of local residents and stakeholders are taken into account throughout the planning and implementation of the redevelopment projects.
The expected outcomes of the 99-year lease model include the creation of state-of-the-art transportation facilities, economic growth through job creation and local business stimulation, and the transformation of the city's urban landscape into more livable and sustainable spaces.
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