Centre Approves ₹887 Crore World-Class Marina in Mumbai Harbour

By Ajjay Bhagyakar | Published by Griha Realty Sources: x.com

Sources: x.com

India has given the green light to a major maritime infrastructure project — a world-class marina in Mumbai Harbour, with an estimated investment of ₹887 crore. This strategic approval comes from the Ministry of Ports, Shipping and Waterways, aiming to boost coastal shipping, maritime tourism and waterfront-led development in the financial capital. Hindustan Times

Vision & Strategic Importance

The project, named ‘Viksit Bharat Mumbai Marina’, aligns with the Government of India’s broader vision of strengthening the blue economy and positioning Mumbai as a global maritime tourism hub. It will not only open up significant stretches of waterfront for public enjoyment but also enhance private investment and economic activity in the region. The Week

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said the marina will create world-class infrastructure, generate new employment opportunities and support coastal shipping growth under the national maritime vision. Hindustan Times

Key Features of the Project ( Centre Approves ₹887 Crore World-Class Marina in Mumbai Harbour )

• Cost: ₹887 crore total estimated investment. The Indian Express

• Scale: The marina will be developed over nearly 12 hectares of water area in Mumbai Harbour. The Times of India

• Berthing Capacity: It will have facilities to berth 424 yachts up to 30 metres in length — one of the largest capacities in India. The Indian Express

• Hybrid Development Model:

  • Mumbai Port Authority will invest about ₹470 crore in core marine infrastructure.

  • A private operator will develop the onshore facilities with an estimated ₹417 crore investment. The Indian Express

• Facilities Planned: Marina terminal, sailing school, maritime tourism centre, hotel and clubhouse, skill development centre, yacht repair and stacking infrastructure. OpIndia

• Employment: Expected to create over 2,000 jobs across operations, hospitality, cruise services, and allied sectors. The Week

Economic & Tourism Impact

The project is seen as a catalyst for tourism growth, enhancing Mumbai’s reputation on the global map for luxury marinas, yachting culture, and coastal experiences. It will also spur private sector participation and open new avenues for maritime education and skill development. OpIndia

Centre Approves ₹887 Crore World-Class Marina in Mumbai Harbour. Tenders for the project have already been floated, with bids scheduled to close by December 29, 2025. The Indian Express