Mumbai’s eastern seafront might soon be home to a high-end mini-city

If things go as planned, Mumbai’s seafront, which had remained unexplored till date, will soon be home to a high-end mini-city. The entire seafront area in the eastern side, which is more than 1800 ac of land, is presently an uncharted area behind a wall, and which is owned by the Mumbai Port Trust (MPT).

Latest reports suggest that the state government and Union Shipping Ministry recently cleared a proposal, which states that around 600 ac of land that the trust owns will now be opened up for development. Referring to this development, a state official stated that this is a part of the centre’s move to monetise land holdings that are owned by various public sector undertakings.
The proposed finance hub will also be a tourism hotspot, equipped with hotels and cruise terminal. The said project also has plans to create a marine tourism project in which a ropeway over the sea to the Elephanta Caves will be a part.
Reportedly, the value of 600 ac of land would likely be INR 50000 crore. Infrastructure for the proposed finance district will be provided by the Brihanmumbai Municipal Corporation and Maharashtra Government, which will eventually earn additional fees by selling the rights to winning bidders.
The maximum city is already dotted with tons of tourist hotspots; with this new development, your itinerary is set to for an upgrade now.