MSRDC to lease 26 acres in Raigad, eyes Rs 150 cr from sale

The Maharashtra State Road Development Corporation has invited proposals for leasing out six land-parcels along the Mumbai-Pune Expressway aggregating to 26.43-acres at Sanjgaon in Raigad district for 80-years, a senior government official said.

"We intend to develop the land-parcels in a profitable and environment-sensitive manner for commercialisation," the official told PTI requesting anonymity.

The Corporation, which has around 152-hectares of land along the Mumbai-Pune Expressway, is expecting over Rs 150-crore from the sale.

This is the second time that MSRDC has invited proposals from private developers for the plots.

"Earlier, when we had first invited the bids for selling these land-parcels, we did not receive the right kind of response. Hence, we decided to re-invite bids. We expect a good response this time," the official said.

MSRDC has not put any restriction on the developers for developing the land.

"Our only concern would be that the development along the expressway should be in an orderly manner and ethical," the official said.

MSRDC is looking at development of roadside facilities like rest places, hotels, motels, restaurants, service stations, truck repair and maintenance facilities, auto show rooms, convention centers, hospitals, naturopathic and ayurvedic centers, discount shopping centers, multiplexes corporate training and conference facilities, farmers market, call centers and such other customer-driven services.