Maharashtra State Road Transport Corporation (MSRTC) plans to commercialise 251 bus depots across the state and expects to secure Rs 6 billion (bn) annually in rent. The corporation has identified depots and adjoining land as potential assets for lease to private developers and operators while retaining responsibility for public transport services. The proposal forms part of a broader strategy to convert underused real estate into recurring revenue streams without immediate divestment of transport operations.

Under the plan, MSRTC intends to invite competitive bids for long term leases of depot land and built structures, with developers proposed to construct commercial and mixed use facilities that could include retail, parking and logistics hubs. The corporation will maintain operational control of bus services and seek contractual safeguards for depot access and passenger amenities. Officials expect that structured leases will provide steady rental income and enable phased development aligned with service continuity.

Revenue from rentals is intended to support operational costs, debt servicing and capital expenditure for fleet renewal and depot upgrades. The corporation anticipates prioritising investments that improve reliability, passenger amenities and last mile connectivity without compromising service frequency. Analysts note that monetisation of land assets is a common strategy for public transport providers seeking non fare revenue, and the corporation plans to use proceeds to strengthen balance sheets and invest in modernisation.

The move will require clear tender frameworks, transparent valuation and regulatory approvals at municipal and state levels. MSRTC intends to publish tender terms and selection criteria and to phase projects to minimise disruption to daily operations. Stakeholders will be consulted on access rights and community impact, and the corporation will monitor compliance with service obligations as it pursues the commercialisation programme.