The Maharashtra government is unlocking 3,360 acres of MSRTC land for commercial and residential development, creating new real estate opportunities across the state.

The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.