Maharashtra Transport Minister Pratap Sarnaik has urged the National Real Estate Development Council (NAREDCO) to take the initiative in developing the "land bank" owned by the State Transport (ST) Corporation across Maharashtra. He emphasised that NAREDCO`s expertise in real estate development could significantly benefit ST, an organization that plays a crucial role in public transportation.

Speaking at NAREDCO’s annual summit at the Jio World Convention Center (BKC), Sarnaik highlighted the vast land holdings of ST, which amount to over 3,000 acres across 840 locations in the state. The event was attended by NAREDCO President Haribabu, along with leading developers including Rajan Bandekar, Niranjan Hiranandani, and Jay Morjaria, among others.