MSRDC to monetize land parcels along Pune-Mumbai expressway

21 Sep 2023 CW Team

In a strategic move to fund major infrastructure projects, the Maharashtra State Road Development Corporation (MSRDC) is set to monetize its land parcels along the Pune-Mumbai expressway. A senior MSRDC official disclosed to TOI that 24 specific land parcels along this vital expressway have been identified for this purpose, totaling an impressive 450 hectares.

The proceeds from leasing these lands will be directed towards financing significant infrastructure endeavors, including the Samruddhi expressway, Pune ring road, Virar-Alibaug multimodal corridor, and Jalna Nanded expressway, among others, according to the official.

Under this monetization plan, the land will be leased for an extended period of 99 years, providing a long-term funding solution for these ambitious projects. Radheshyam Mopalwar, Managing Director of MSRDC, emphasized that the plan is already in motion in Pune and Raigad districts, with the goal of putting unused MSRDC land parcels to productive use. "The land parcels of the MSRDC were lying vacant, so we have taken the decision to monetize our key projects," he explained.

A senior MSRDC official, actively engaged in the land acquisition process, revealed that a tender has been floated for the land parcel in Panel, and a similar initiative is in the works for Pune. This innovative approach to financing critical infrastructure projects is expected to unlock new avenues for development in the region while efficiently utilizing available resources.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..