Eastern Waterfront's Billion-Dollar Makeover

The Mumbai Port Authority (MbPA) is set to lease 28 strategic land parcels, covering over 217 acres across Mumbai’s eastern waterfront and Thal in Raigad district, under a 30-year lease model aimed at generating approximately ₹814 crore in annual revenue.

The sites include prime locations such as Wadala, Sewri, Reay Road, P’Dmello Road, Colaba, Fort, Mazgaon, Sassoon Dock, Mallet Bunder, and an additional site near Thal Beach in Alibaug. The proposed development will focus on corporate offices, trade hubs, IT parks, advanced warehousing, and logistics infrastructure, alongside tourism, recreation, and entertainment components including a marina, amphitheatre, and landscaped public spaces. Residential development will not be permitted.

Sources noted that since nearly 70% of MbPA's cargo comprises liquid goods such as chemicals and petroleum, the port has prioritised industrial and commercial uses—particularly warehousing and storage.

Appointed as the special planning authority in December 2018 for the development of 966 hectares of the Eastern Waterfront, MbPA’s broader vision is to create a world-class, mixed-use port-led urban hub.

An Expression of Interest (EOI) has been issued for leasing 27 plots in Mumbai and one in Raigad, including existing MbPA-owned buildings along the waterfront.

News by Rahul Yelligetti.