MSRTC to lease out 39 land parcels at bus depots for commercial purpose

As per the decision, the Floor Space Index(FSI) disposable connected these 39 onshore parcels volition beryllium allowed to usage for the commercialized purpose, but for the 0.5 FSI which volition beryllium utilized for carrying retired improvement of depots and different facilities by the MSRTC.

As per the connection released by the government, 1 FSI tin beryllium utilized for residential and commercialized intent nether the BOT argumentation and the corp volition beryllium exempted from paying 50 per cent stock to the authorities portion utilizing this onshore connected commercialized basis.

The Cabinet besides allowed the MSRTC to transportation retired the tendering process connected BOT ground and finalise the relation astatine the corp level.

According to the MSRTC, successful 2008 and 2016, the corp had implemented akin projects connected onshore parcels connected BOT ground and has earned Rs 32 crore towards premium and got a operation connected the 29,780 quadrate metre country which is worthy Rs 22 crore.

The MSRTC said successful the connection that the corp had besides attempted to instrumentality akin task connected 13 depots successful 2006, however, they received effect for lone Panvel and Chhatrapati Sambhaji Nagar(Aurangabad) depots owing to immoderate conditions successful the BOT which created hurdle for the implementation of the project.
The authoritative said that 1 of the large hurdle was the lease play of 30 years which was not viable financially for the implementation of the project.

“With implementation of lone 45 projects successful the past 20 years against the backdrop of expanding urbanisation, it is seen that authorities transport corporation’s gross procreation strategy has not gained the desired momentum. After reviewing the said projects… it was pointed retired that if the BOT argumentation of the corp is modified to immoderate extent, determination is simply a anticipation of expanding the magnitude of gross by utilising the onshore and existing structures of the corp connected a commercialized basis. Therefore, the corp had requested the Government to revise the existing argumentation and lease statement period,” an authoritative said.