Maharashtra invites realtor to develop 3,360 acres of MSRTC land bank

Quick Summary:

Efforts are underway to extend the current land lease period from 60 to 99 years.

Moreover, Sarnaik stated that the lease period could be extended to 99 years, with advertising and parking rights remaining with the developers.

MSRTC will serve as the planning authority, sanctioning plans under one roof to avoid delays related to approvals from multiple government entities.

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Category: BusinessFinance

Markets: India

Topics: Maharashtra government Pune land parcels MSRTC land development Pratap Sarnaik Maharashtra rural development Mumbai real estate UDCPR Maharashtra PPP projects Maharashtra BOT basis development Hafeez Contractor MSRTC lease period DCPR rules Maharashtra MSRTC land bank FSI regulations Real estate tenders Maharashtra

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 13:45:46 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 26100248

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