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Maharashtra: MSRTC to develop surplus land under PPP model for up to 98 years
Updated On: 09 October, 2026 02:34 PM IST | Mumbai | mid-day online correspondent
Maharashtra government has approved commercial development of surplus MSRTC land under the public-private partnership model, allowing lease periods of up to 98 years. The initiative aims to generate long-term revenue, strengthen the corporation’s finances and improve passenger services

MSRTC releases representational image of the proposed Kurla Nehrunagar Bus Stand (Pic/Special arrangement)
The Maharashtra government has approved the commercial development of surplus land owned by the Maharashtra State Road Transport Corporation (MSRTC) under the Public-Private Partnership (PPP) model.
An official statement from the MSRTC stated that under the PPP model we will allow lease periods of 49+49 years, or up to 98 years, to generate long-term revenue for the cash-strapped transport undertaking.
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