MbPA To Lease 217 Acres For Rs 8 Billion Revenue Boost
PORTS & SHIPPING

MbPA To Lease 217 Acres For Rs 8 Billion Revenue Boost

The Mumbai Port Authority (MbPA) has announced plans to lease 28 land parcels spanning more than 217 acres along Mumbai’s eastern coastline, including Alibag, as part of its Eastern Waterfront initiative. The leases, offered for 30 years, are aimed at generating over Rs 8 billion annually for commercial and industrial purposes.
According to the notice issued by MbPA, the sites are located in Wadala, Sewree, Reay Road, P’Dmello Road, Colaba, Fort, Mazgaon, Sassoon Dock, Mallet Bunder, and near Thal beach in Alibag. The Expression of Interest (EOI), published on 11 August, lists 27 plots in Mumbai and one in Thal, Raigad district, with the submission deadline set for 11 September. The plots will be allocated strictly for industrial and commercial activities, with no residential use permitted.
The 28 plots include prime parcels such as a 22-hectare site at Princess Dock near the domestic cruise terminal; a 29-acre Wadala plot formerly occupied by Hindustan Petroleum Corporation Limited (HPCL); a 10-acre ex-Food Corporation of India (FCI) warehouse site in Wadala; 25 acres at the Sewree Timber Pond; and a cargo storage yard near the Mumbai Trans Harbour Link (MTHL). Several MbPA-owned buildings along the city’s eastern waterfront are also part of the offering.
As one of the largest landholders among state and central agencies, MbPA joins entities such as the National Textiles Corporation, Maharashtra government, Central government, and Indian Railways in owning extensive city land holdings.
MbPA was appointed as the Special Planning Authority for the 966-hectare Eastern Waterfront project in December 2018. A draft development plan prepared under then-chairperson Sanjay Bhatia was finalised but later placed in cold storage. The current leasing plan marks a significant step towards unlocking the economic potential of this underutilised waterfront.

The Mumbai Port Authority (MbPA) has announced plans to lease 28 land parcels spanning more than 217 acres along Mumbai’s eastern coastline, including Alibag, as part of its Eastern Waterfront initiative. The leases, offered for 30 years, are aimed at generating over Rs 8 billion annually for commercial and industrial purposes.According to the notice issued by MbPA, the sites are located in Wadala, Sewree, Reay Road, P’Dmello Road, Colaba, Fort, Mazgaon, Sassoon Dock, Mallet Bunder, and near Thal beach in Alibag. The Expression of Interest (EOI), published on 11 August, lists 27 plots in Mumbai and one in Thal, Raigad district, with the submission deadline set for 11 September. The plots will be allocated strictly for industrial and commercial activities, with no residential use permitted.The 28 plots include prime parcels such as a 22-hectare site at Princess Dock near the domestic cruise terminal; a 29-acre Wadala plot formerly occupied by Hindustan Petroleum Corporation Limited (HPCL); a 10-acre ex-Food Corporation of India (FCI) warehouse site in Wadala; 25 acres at the Sewree Timber Pond; and a cargo storage yard near the Mumbai Trans Harbour Link (MTHL). Several MbPA-owned buildings along the city’s eastern waterfront are also part of the offering.As one of the largest landholders among state and central agencies, MbPA joins entities such as the National Textiles Corporation, Maharashtra government, Central government, and Indian Railways in owning extensive city land holdings.MbPA was appointed as the Special Planning Authority for the 966-hectare Eastern Waterfront project in December 2018. A draft development plan prepared under then-chairperson Sanjay Bhatia was finalised but later placed in cold storage. The current leasing plan marks a significant step towards unlocking the economic potential of this underutilised waterfront.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement