Mumbai Port Authority Aims To Raise Over Rs 13,200 Crore By Leasing 28 Strategic Land Parcels

The Mumbai Port Authority (MbPA) is preparing to generate nearly Rs 13,279.65 crore by leasing 28 land parcels spread across Mumbai and neighbouring Raigad district.

According to The Free Press Journal report, the authority has invited bids through an e-tender-cum-auction system, with allotments to be finalised on the basis of the highest premium quoted by bidders.

The parcels, to be leased for up to 30 years, cover a diverse mix of assets ranging from prime commercial plots and residential buildings to godowns, office spaces and industrial sites.

This asset monetisation strategy forms a key element of the authority’s financial plan while also contributing to the city’s development landscape.

Among the most lucrative properties is the Sassoon Dock RR 1455 plot, projected to fetch Rs 110.96 crore as upfront lease rent.

Several smaller assets within the Sassoon Dock cluster, including godowns and sheds, carry values between Rs 4.67 crore and Rs 29.91 crore.

Other high-profile offerings include the Parichay Building plot at P D’Mello Road, the Railway Manager’s building at Ballard Estate, commercial premises in Colaba, and a 19,384 sq mt green zone plot at Thal Knob in Alibag.

Lease conditions vary according to land use, spanning commercial, industrial, logistics and port-led activities.

While many properties are available for long-term agreements of up to three decades, certain office spaces at Indira Dock will be let out under shorter annual licence terms.

Officials reportedly believe the assets’ connectivity enhances their investment potential, with proximity to the Eastern Freeway, Atal Setu (Mumbai Trans Harbour Link), ports and airports positioning them well for industrial, hospitality, warehousing and institutional use.

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