Mumbai: The state transport minister, Pratap Sarnaik, on Friday directed the Maharashtra State Road Transport Corporation (MSRTC) to categorise its vast land and infrastructure assets into A, B, and C categories based on local conditions and commercial viability.
Development work will be undertaken across 72 property packages statewide. These include bus stations, depots, and other facilities that will be revamped and monetised. This move is aimed at unlocking the revenue potential of MSRTC properties through strategic commercial development. Speaking at a key review meeting held at MSRTC’s central office, Sarnaik emphasised the need to group the corporation’s properties into urban, semi-urban, and rural categories.
Each package is expected to carry a unique valuation to facilitate efficient planning and investment strategies. Sarnaik reiterated the government’s intent to use the public-private partnership (PPP) model for the commercial development of MSRT-owned properties – including bus depots, land parcels, and stations – particularly those located in urban centers.
