Mumbai’s real estate sector is set for a new wave of opportunities as the state government prepares to lease nearly 13,000 acres of land belonging to the Maharashtra State Transport Corporation (MSRTC) for bus depot development. Transport Minister Pratap Sarnaik announced on Friday that tenders for the project will be floated next month. The land parcels, located in Mumbai’s Kurla and Borivali along with several other cities in the state, will be leased out for 98 years, replacing the earlier 30-year limit.

Sarnaik made the announcement while inaugurating the three-day Homethon Property Expo 2025 at the Geo World Convention Center in Mumbai. The event has been organised by the Maharashtra chapter of the National Real Estate Development Council (NAREDCO). Actor and Rugby India President Ra

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