Jawaharlal Nehru Port Authority (JNPA) on Tuesday announced that it will be developing an iconic corporate office building at Malet Bunder in Mumbai Port area at a cost of an estimated ₹1000 crore. 

This iconic high-rise building of more than 20 floors is expected to come up on a plot adjacent to the Ferry Wharf and Domestic Cruise Terminal area of Mumbai Port. Mumbai Port Authority (MbPA) has issued an allotment to lease the plot measuring 12,804 Sqm (3.16 acre) to JNPA, an official release said. The proposed building will be the Corporate Office of JNPA and will also house offices of port allied organizations such as DG Shipping, IPGL and IPRCL.  

Unmesh Sharad Wagh, Chairperson, JNPA said the authority has received in-principle approval from the Ministry of Ports, Shipping & Waterways (MoPSW) for the development of this building which will have a digital observatory on the topmost floor and a state-of-the-art auditorium with facilities for 2000 persons on the ground floor.

JNPA has appointed Engineers India Limited (EIL) for complete consultancy for project development including detailed design, engineering, construction and project management services.

The total project cost would be to the tune of approximately ₹1000 crores including land, building, interior and amenities.

The building is being designed with an FSI of 4.0 and the construction area would be around 9 lakh square feet. JNPA is targeting to complete the building in two years after obtaining requisite approvals and permissions.