Archive · 9 Oct 2026
Maharashtra Approves 98-Year PPP Lease For MSRTC Surplus Land
Maharashtra has approved a plan to develop some land owned by its state bus corporation.
The land is spread across about 850 places and covers more than 3,500 acres.
Private companies can work with the corporation to develop the properties.
The land can be leased for up to 98 years, in two 49-year periods.
Each property must have its own tender process.
A government committee will oversee the work, and the Chief Minister must approve each project’s tender.
The developments could bring the corporation upfront and continuing income, as well as a share in some completed commercial complexes.
The transport minister said the money would help strengthen the corporation and its passenger services.
Maharashtra approved commercial development of surplus Maharashtra State Road Transport Corporation land through public-private partnerships.
The corporation has more than 3,500 acres across approximately 850 locations in the state.
Leases can run for up to 98 years, arranged as two consecutive 49-year periods.
Separate tenders are required for each property, and the Chief Minister must give final tender approval.
Transport Minister Pratap Sarnaik said the resulting revenue would support MSRTC’s finances, services and facilities.
- Who
- The Maharashtra government and the Maharashtra State Road Transport Corporation (MSRTC); Transport Minister and MSRTC Chairman Pratap Sarnaik is overseeing the process through a high-level committee.
- What
- Approval was granted for public-private partnership development of MSRTC surplus land, with leases of up to 98 years.
- When
- The government’s decision was announced in a post dated October 9, 2026.
- Where
- Across approximately 850 locations in Maharashtra.
- Why
- To generate long-term income, strengthen MSRTC’s finances and support passenger services and facilities.
- Land area
- More than 3,500 acres
- Locations
- Approximately 850 across Maharashtra
- Maximum lease period
- 98 years, structured as 49 years plus 49 years
- Development model
- Public-private partnership (PPP)
- Tender requirement
- A separate tender is required for each property
- Final tender approval
- Required at the Chief Minister’s level
- Oversight
- A high-level committee chaired by Transport Minister and MSRTC Chairman Pratap Sarnaik