Mumbai Port Authority to recover Rs 3,500 cr rental arrears from defaulters

Mumbai Port Authority plans to recover Rs 3,500 crore in lease rental arrears. Criminal proceedings will be initiated against unauthorized occupants on public land. This action aims to expedite key maritime infrastructure projects and redevelopment plans. The authority seeks to accelerate its master plan for the eastern waterfront development. Recovering dues is essential for reviving waterfront redevelopment and maritime growth.

Raccontata dathehindubusinessline.comeconomictimes.indiatimes.com