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Govt drafting township policy for leasing land owned by major ports

Govt drafting township policy for leasing land owned by major ports April 04, 2021 The Custom-bonded areas can be leased out for as much as 99 years to develop real estate including multi-storied buildings, commercial and residential complexes The Custom-bonded areas can be leased out for as much as 99 years to develop real estate including multi-storied buildings, commercial and residential complexes× Move could ease space crunch and raise funds for development of ports The Ministry of Ports, Shipping and Waterways is drafting a township policy that will lay down rules for commercial exploitation of land other than those needed for port and related activities at major ports.

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