MbPA Clarifies Rs 4.75 Bn Land Charge for SoBo Twin Tunnels

02 Jan 2025 CW Team

In response to a report about the Mumbai Port Authority (MbPA) quoting Rs 85 billion for land near Orange Gate for the Mumbai Metropolitan Region Development Authority (MMRDA), the port authority has clarified that it has only requested Rs 4.75 billion.

The report on December 27 highlighted a discrepancy between the land cost and the total project value for the Eastern Freeway-Coastal Road twin tunnels. A spokesperson for MbPA explained, “Based on MMRDA’s request, the terms for granting land near Orange Gate Princess Dock for Phase 1, covering 12,500 sq m for temporary use for five years, at an annual lease rent of Rs 25.58 crore, and 7,100 sq m for permanent use for 30 years, at an annual rent of Rs 14.53 crore, have been communicated to MMRDA. These terms align with Union Cabinet-approved policy guidelines for Land Management 2015.”

The statement also mentioned that a special way charge will apply to the underground tunnel passing through MbPA land. After the initial project period, the 1.25-hectare land will revert to MbPA, and for the permanent land, a 50% concession will apply after five years.

The statement continued, “Given the project’s importance in alleviating Mumbai’s traffic congestion, an understanding has been reached between both parties, and the land was handed over to MMRDA on October 1, 2024, for the city’s improvement. MMRDA has already begun work,” it added.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..