The Commercial Unit has been established in January 2003 to monitor the various commercial activities of the Corporation. The Commercial Unit of MSRDC works under the supervision of Joint Managing Director (II).
The Commercial Unit of the MSRDC is handling the commercial exploitation of various assets of MSRDC for revenue generation purpose. The Commercial Unit is dealing with contracts of pay & park schemes at the spaces below flyovers, advertisements in and outside Mumbai, beautification schemes of space below flyovers on Built, Operate & Transfer (BOT) Model, allotment of land for petrol pumps and wayside amenities, development of land along Mumbai Pune Expressway etc.
As per athe decision taken in the meeting of Cabinet Committee for Infrastructure held on 20/06/1997, the Govt. of Maharashtra has authorised MSRDC to utilize space above and below flyovers to generate revenue from commercial exploitation of the said space below and above the flyover. MSRDC has been declared as an ‘Entrepreneur’ for the flyovers vide Government Resolution dated 2nd February, 2002. The Corporation uses this revenue for recovery of expenses incurred for the execution of projects and formulation of such public purpose projects as directed by Govt.
Pursuant to the said Government Resolution, the Commercial Section has started utilizing the space below and above the flyovers in Mumbai Region which are as follows:
(A) Mumbai Region
MSRDC has constructed 32 flyovers and 4 subways in Mumbai Region. Apart from these, 5 flyovers were constructed by PWD. As per the Govt. Directives, the right for commercial utilization of space below and above these 5 flyovers is also vested with MSRDC. In Mumbai Region the commercial utilization is carried out by way of following kind of projects:
Pay & Park schemes and beautification schemes :
Wherever possible space below flyovers has been and is being utilized for pay & park scheme. The said pay & park scheme is in operation at 18 flyovers.
Advertisement :
MSRDC is utilizing the space above the flyovers for generation of revenue by way of advertisements on the flyovers, on electric poles & on kiosks. MSRDC has awarded contracts for advertisement on 33 flyovers, 3 toll plazas & 3 subways.
Beautification :
The beautification has been carried out by awarding contract by public tenders at 7 locations on BOT Basis. The contractors in return are allowed to display the small logos on the beautified sites.
(B) Mumbai Pune Expressway :
On Mumbai Pune Expressway, MSRDC has allotted Food Malls and Petrol Pumps on lease to leading Oil Companies through competitive bidding.
Advertisement :
MSRDC has awarded advertisement rights at all the Underpasses and Unipoles by competitive bidding.
Land Development along MPEW :
There are pockets of land along MPEW i.e. Sanjgaon (about 25 he) and Kusgaon (about 24 he). These pockets of land will be leased out for longer contract period and a tender to that effect has been floated & will be finalized in due course.
(C) Road Development Projects (IRDP) :
The advertisement rights on IRDP Projects like IRDP Solapur, IRDP Baramati are also successfully utilized. The IRDP Projects of Pune, Amravati etc. are being explored for revenue generation.