India, July 6 -- The Mumbai Port Authority (MbPA) has put up a prime land parcel and the century-old Railway Manager Building in Ballard Estate for a 30-year lease, seeking to earn more than Rs.15.43 crore annually from one of south Mumbai's most sought-after commercial precincts.

Inviting bids through a tendering process, the MbPA has offered the property on an "as is where is" basis, with no provision for renewal at the end of the lease period.

Spread across 2,050.74 sq m, the property includes the historic Railway Manager Building, a ground-plus-two-storey structure with a built-up area of around 2,928 sq m. Built in 1917-18, the over 100-year-old building may require repairs and structural strengthening, the cost of which will have ...