MSRDC is likely to build housing projects in collaboration with Mhada

Mumbai: The Maharashtra State Road Development Corporation (MSRDC) is planning to construct housing project over 100 acres peace of land with the joint venture of Mhada at Lothivali near Panvel. According to the senior officials of MSRDC “project to come up close to the Mumbai Pune Expressway would be a township with all the facilities, he they also added that houses will be sold on the market pries only.”
“This robust move has been taken with the intension to raise the funds for the corporation, which could be used for the development and betterment of the city and state” MSRDC officials added. They also disclosed that organization is coming up with several new projects in the forthcoming two years. However, organization does not have experience in building townships, collaboration with Mhada was essential, said the officials. Among the projects being developed by MSRDC in the state are the mass rapid transit system for Thane city, Nanded city road development project and Nandurbar integrated road development project.
Whereas in Mumbai, it is developing the Western Freeway sea link, passenger water transport project, Versova Bandra sea link, widening and improvement of Sion-Panvel Highway, among others.