The Royal Western India Turf Club (RWITC) has secured a 30-year lease for the iconic Mahalaxmi Racecourse, covering 91 acres. This agreement ensures the continuation and development of one of Mumbai's most prestigious sporting venues.The new lease agreement marks a significant milestone for RWITC, allowing it to maintain and enhance the racecourse?s facilities and operations. The extended lease provides stability and enables long-term planning for improvements and modernization efforts, ensuring the racecourse remains a premier destination for horse racing enthusiasts.RWITC plans to invest in upgrading the infrastructure, including the stables, tracks, and spectator amenities. These enhancements aim to elevate the experience for visitors and participants, aligning with international standards.The Mahalaxmi Racecourse, known for its rich history and cultural significance, will benefit from the renewed focus on development. The racecourse hosts numerous prestigious events, contributing to Mumbai?s vibrant sporting and social calendar. The lease renewal signifies a commitment to preserving this heritage while adapting to contemporary demands.Securing the lease also has broader implications for the local economy. The racecourse generates employment opportunities and attracts tourism, supporting various businesses in the area. The ongoing development projects are expected to create additional jobs and boost economic activity.