India, March 22 -- No discussion about Mumbai's notoriously land-starved real estate market is complete without mentioning the massive tracts of land held by various Government and non-Government agencies and bodies. Arguably, Mumbai Port Trust (MbPT) is currently one of the largest landowners in the country's otherwise land-scarce financial capital.
Mumbai Port Trust owns nearly 1,900 acres of commercially useable prime land in the south and south-central Mumbai along the sea-facing eastern coast. If put to good use, this large tract of land can help considerably in solving the city's immense housing shortage.
Initially either oblivious or indifferent to its real worth, the port authorities have now realized that they sit on a veritable ...