MSRDC to lease out its property along Mumbai-Pune Expressway

Last Updated: Thursday, June 10, 2010 - 21:06

Mumbai: In a bid to generate revenue to fund
its projects, the Maharashtra State Road Development
Corporation (MSRDC), is planning to lease out its property
along the Mumbai-Pune Expressway.

The Corporation had appointed Darashaw and Company, a
Mumbai-based firm, to carry out the corridor-planning and
techno-economic feasibility study for the land development
along the Mumbai-Pune Expressway.

"We have some 23 lakh parcels (over 152-hectares) along
the Expressway. We are exploring the option of developing them
in public private partnership model for setting up facilities
for providing customer-driven services. The revenue that would
be generated from such projects could be used for funding the
rest of our projects," MSRDC`s Vice-Chairman and Managing
Director (Additional Charge), Sonia Sethi, said here

The Corporation is planning to lease its plots for over
95-years, she added.

MSRDC is planning to lease out its first plot at Sanigaon
(around 10-hectares) along the Expressway and has fixed a base
price of Rs six-crore for the bid. The bids would be opened
soon, an official from the Corporation said.

"We have identified a few sites for development of the
roadside facility in a profitable and environmentally
sensitive manner for commercialisation," she said.


First Published: Thursday, June 10, 2010 - 21:06

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