Mumbai Port Authority to Lease 28 Plots of Over 217 Acres, Aiming to Raise Over ₹800 Crore Annually
The Mumbai Port Authority (MbPA) plans to lease 28 plots of over 217 acres in Mumbai and Alibaug, aiming to raise over ₹800 crore annually. These plots, located in key areas like Wadala, Sewree, and Alibaug, will be leased for 30 years for commercial and industrial purposes.
Mumbai Real EstateMumbai Port AuthorityLand LeasingCommercial PropertyIndustrial PropertyReal EstateAug 12, 2025
These plots are strategically located in areas like Wadala, Sewree, Reay Road, P'Dmello Road, Colaba, Fort, Mazgaon, Sasson Dock, Mallet Bunder, and near Thal beach in Alibaug, as per the notice issued by the port authority. By leasing these properties, the MbPA hopes to significantly boost its revenue and contribute to the development of these regions.
The Expression of Interest (EOI) for these 28 properties, totaling 215 acres, was published on August 11. The EOI includes 27 plots in Mumbai and one in Thal in Raigad district. The last date for submission of proposals is September 11. This initiative is part of the MbPA's broader strategy to optimize the use of its vast land holdings and generate substantial revenue.
The EOI clearly states that the plots will not be allotted for residential purposes. The authority will permit only industrial and commercial use of the plots for a 30-year lease. This decision is aimed at fostering economic growth and attracting investments in these areas.
The Mumbai Port Authority is one of the largest landowners among state and central government agencies. Several other government entities, including the National Textiles Corporation, Maharashtra government, the Central government, Central Railway, and Western Railway, also own significant portions of land in the city. This makes the MbPA's leasing initiative a crucial step in the city's economic development.
The 28 plots being leased by the Mumbai Port Authority (MbPA) include several key parcels. For instance, a 22-hectare plot at Princess Dock near the domestic cruise terminal, a 29-acre site in Wadala previously used by Hindustan Petroleum Corporation Limited (HPCL), a 10-acre plot in Wadala formerly used by the Food Corporation of India (FCI) as a warehouse, 25 acres of land at the Sewri Timber Pond, and a cargo storage yard near the Mumbai Trans Harbour Link (MTHL) are part of this leasing plan. The lease also includes various MbPA-owned buildings along the city's eastern waterfront.
Despite the grand vision for the Eastern Waterfront, the development plan has faced delays. In December 2018, the MbPA was appointed as the Special Planning Authority (SPA) for the development of the 966-hectare Eastern Waterfront. A committee headed by then-MbPA chairperson Sanjay Bhatia released a draft development plan for public scrutiny. Although the plan was finalized, it has been put on hold, according to a report published in the Hindustan Times.
This leasing initiative is a significant step forward in realizing the potential of the Eastern Waterfront and could have a profound impact on the real estate and industrial landscape of Mumbai and its surrounding areas. The MbPA's decision to lease these plots for commercial and industrial use is expected to attract significant investment and drive economic growth in the region.
Frequently Asked Questions
What is the total area of land being leased by the Mumbai Port Authority?
The Mumbai Port Authority (MbPA) is leasing 28 plots of over 217 acres, including 27 plots in Mumbai and one in Alibaug.
What is the purpose of leasing these plots?
The plots will be leased for commercial and industrial purposes for a period of 30 years to raise over ₹800 crore annually.
Will these plots be available for residential use?
No, the plots will not be allotted for residential purposes. Only industrial and commercial use is permitted.
When is the last date for submitting proposals for these plots?
The last date for submitting proposals is September 11.
What is the significance of the Eastern Waterfront plan?
The Eastern Waterfront plan, covering 966 hectares, was put on hold after being finalized. The leasing of these plots is a step towards realizing the development potential of this area.
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