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RECESSION-HIT BEST PLANS COMMERCIAL EXPLOITATION OF IT’S PRIME PROPERTIES TO MEET DEFICIT

best-1Recession has hit the Brihanmumbai Electric Supply and Transport Undertaking plans to commercially exploit its prime properties across the city and hence BEST had decided to lease its properties to garner more revenue. Recession is everywhere and the same has affected the revenue generation of BEST. The undertaking has decided to lease its properties to generate more revenue. This revenue, the BEST hoped, would help meet the deficit of the undertaking. The BEST has leased a part of Oshiwara bus depot to a private developer for a period of sixty years and also plans to develop bus depots at Kandivli (E), Dahisar, Kurla, and Mahim. However, after the Oshiwara deal, the BEST hasn’t received any other response from the market or any willing party to invest money in the development. Bureau report NMTV

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