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

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..