Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Mumbai Metropolitan Region Development Authority has approved an outlay of INR 48,072.5 crore for 2026-27, with nearly 87 per cent of the budget committed to infrastructure development across the Mumbai Metropolitan Region. The plan reflects a clear shift towards transport-led growth, metro expansion and decentralised urban development. A key highlight is the allocation of INR 4,000 crore for the Mumbai 3.0 programme aimed at developing new growth centres. The budget also records the authority's first surplus in nearly ten years, indicating improved financial management.
The Mumbai Metropolitan Region Development Authority (MMRDA) has cleared a budget of INR 48,072.5 crore for the 2026-27 financial year, placing infrastructure at the centre of its spending priorities. Nearly 87 per cent of the total outlay has been earmarked for infrastructure projects, underlining the authority's focus on transport connectivity, regional mobility and long-term urban planning across the Mumbai Metropolitan Region. Advertisement
A notable aspect of the budget is the provision of INR 4,000 crore for the Mumbai 3.0 initiative, which is designed to support the development of new urban centres beyond the city's traditional core. This includes planned townships such as the Karnala-Sai-Chirner growth centre, along with allocations for the Pen growth node and the Kharbav business district. These projects are intended to reduce pressure on Mumbai while encouraging economic activity in emerging areas.
Transport infrastructure continues to command the largest share of spending. Significant funds have been allocated for ongoing and proposed metro corridors, including the Wadala-Kasarvadavali line and routes connecting Thane, Bhiwandi and Kalyan. Road infrastructure, elevated corridors and key tunnel projects such as the Thane-Borivali and Orange Gate-Marine Drive tunnels have also received major allocations, reflecting efforts to ease congestion and improve east-west and north-south connectivity.
The budget marks a financial turnaround for MMRDA, which has reported a surplus after nearly a decade of deficits. This comes in contrast to the previous year, when the authority recorded a deficit of INR 7,468 crore. Officials have attributed the improved position to tighter expenditure control and stronger revenue streams.
Receipts for the year are expected to come largely from borrowings, land monetisation and transport-related funds. Smaller but essential provisions have been made for housing and rehabilitation works, water supply systems and climate-related infrastructure, ensuring that social and environmental needs are addressed alongside large transport projects.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
