Maharashtra Invites Developers to build on MSRTC land, upgrade depots

14 Feb 2025 CW Team

The Maharashtra government has invited real estate developers to participate in the development of 3,360 acre of land owned by the Maharashtra State Road Transport Corporation (MSRTC). These lands will be developed under public-private partnership (PPP) models on a build-operate-transfer basis. The state plans to release approximately 150 tenders for these projects.

MSRTC owns significant land in key locations across the Mumbai Metropolitan Region (MMR), including 26 acre in areas like Mumbai Central, Kurla, Vidyavihar, and Chinchbunder. It also holds nearly 24 acre in Pune, with notable plots in Swargate and Sangvi. Furthermore, the corporation has land in district areas (885 acre), talukas (1,535 acre), and villages (945 acre).

The projects will be awarded to developers based on the premium offered, with the floor space index (FSI) allocated according to the Unified Development Control and Promotion Regulations (UDCPR). Developers will be tasked with leasing the commercial portions of the developments.

The plan includes the construction of commercial properties such as office spaces, hotels, shopping centres, and retail outlets. Additionally, 100-bed hospitals will be developed in district areas, along with facilities to support MSRTC operations.

To ensure efficiency, MSRTC will centralise the approval process for development plans, eliminating the need for multiple approvals from different government agencies. The corporation is also strengthening its technical teams to effectively manage the projects. Architect Hafeez Contractor has been appointed to create a development framework for upgrading bus depots to modern standards. The goal is to enhance passenger and employee facilities, with improvements in sanitation, cleanliness, and amenities for staff working late shifts.

News source: The Indian Express

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..