+
MbPA Clarifies Rs 4.75 Bn Land Charge for SoBo Twin Tunnels
ROADS & HIGHWAYS

MbPA Clarifies Rs 4.75 Bn Land Charge for SoBo Twin Tunnels

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.

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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?