"We will not be selling any land to builders, please do not have any such misconceptions," Gadkari told reporters.
Gadkari said MbPT, which holds excess land, will be discontinuing bulk cargo operations like handling coal and ores as they affects traffic and cause pollution in the city.
For car exports, state-run Cidco has identified land across the harbour in Navi Mumbai from where the operations can be handled, Gadkari said, adding this will also reduce the loads on roads in Mumbai.
The minister also said that his ministry is in the process of engaging an international consultant on how to best utilise this land and also invited suggestions from people.
According to analysts, the land on the eastern seafront in space-crunched Mumbai possesses a big opportunity for the developers, but Gadkari's comments have put an end to speculations over utilisation of the same.
He said the liquid operations of the port, which generates over 65 per cent of the revenue, will continue.
"Nobody will be unemployed as a result of this and the port will not cease operations," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
