Overview

• Transport Minister Pratap Sarnaik announced the plan at a NAREDCO property event in Mumbai.
• The lease structure will be 49 years extendable by another 49 years, replacing the earlier 30-year model.
• MSRTC holds more than 13,000 acres at strategic locations, including Kurla and Borivali in Mumbai and towns across the state.
• The state wants the depots upgraded into 'Bus Ports' on the Gujarat model and has invited real estate developers to participate.
• Sarnaik also highlighted a forthcoming pod taxi launch in BKC with planned expansion to Mira-Bhayandar and Thane as part of broader mobility initiatives.