VOC Port Allots 90,000 Square Metres for Container Storage

17 Mar 2026 CW Team

VOC Port Authority has set aside 90,000 square metres of space to store containers amid the ongoing West Asia crisis, the port chairman Susanta Kumar Purohit said on Thursday. He said the additional area was arranged for shipping lines so they could keep containers safely beyond prescribed time limits. The remarks were made on the sidelines of a PHDCCI conference on shipbuilding and ship recycling.

He said the land remains unutilised at present as port operations and business have not been affected. The authority has informed terminal operators and shipping lines and is in constant touch with the Ministry of Shipping to manage potential container diversions. The arrangement is intended to provide temporary relief to shipping lines while normal schedules continue.

Purohit described government efforts to develop India as a hub for shipbuilding and ship recycling and said the policy push would conserve resources and increase availability of raw materials for construction of vessels. He indicated expectations of nine to 10 per cent year-on-year growth in container traffic at VOC Port. The measure of additional storage was presented as a contingency to support that anticipated expansion and to strengthen supply chain resilience.

VO Chidambaranar Port, commonly known as VOC Port, is a major port located at Tuticorin in southern Tamil Nadu and has an annual cargo handling capacity of 82 million tonnes per annum (82 mn tpa). It is one of the oldest operational ports with trade links dating back to 123 AD and serves as a significant southern gateway for maritime commerce. The port authority said the extra land allocation should ease pressure on berths and yards if container diversions increase.

Real Estate

30 Apr 2026

Nila Spaces Lists VIDA on Alt DRX, Enables Fractional Ownership

Nila Spaces has listed its GIFT City residential project VIDA on Alt DRX, marking the first tokenised asset under the platform’s “Gujarat Tri-City Investment Opportunity.” The move enables retail investors to participate in premium real estate across Ahmedabad, Gandhinagar and GIFT City starting from the equivalent of 1 sq ft ownership.The initiative aims to address traditional barriers in residential real estate investment, including high entry costs, low liquidity and lengthy transaction cycles. By enabling fractional ownership, the model reduces entry thresholds from Rs 7.5 million–..

Mindspace REIT Reports Strong FY26 Performance

Mindspace Business Parks REIT reported a strong performance for Q4 FY26 and FY26, supported by robust leasing activity, rising occupancy and improved financial metrics across its portfolio.Portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.Revenue from operations rose 31.0 per cent YoY to Rs 8.88 billion in Q4..

MMRDA Allocates BKC Land for Health, Education Projects

The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated land parcels at Bandra-Kurla Complex (BKC) to healthcare and education institutions, with a total investment exceeding Rs 5.8 billion, as per updates shared on its official social media handles.A 10,026.44 sq m (2.5-acre) plot in the G-Block has been allotted to Jupiter Lifeline Hospitals through a bidding process. The project, with a construction potential of 20,052.88 sq m, has secured a bid of around Rs 3.54 billion and will house a multi-specialty hospital.Additionally, a 5,117.85 sq m plot has been allotted to D. Y..