Tag: Mumbai Metropolitan Region Development Authority

InfrastructureLatest Stories

MMRDA Gains 216 Acres in Raigad for Mumbai 3.0 Project

Representative image The Mumbai Metropolitan Region Development Authority (MMRDA) has commenced the Mumbai 3.0 project, successfully aggregating 216 acres in the Raigad district and formally adopting a shareholders’ agreement to transition into the execution phase. This land acquisition is targeted in the Raigad Pen growth corridor, where the New Town Development Area for Mumbai 3.0 is being envisioned. This marks a significant milestone under MMRDA’s participatory land acquisition framework, which has garnered enthusiastic support from local landowners. “Mumbai 3.0 signifies a transformative era in urban planning, centered on community involvement. Through this model, we aim to foster trust and facilitate…

Latest StoriesRegulatory

Maharashtra cabinet approves land policy for ‘Third Mumbai’ development

Representative AI image MUMBAI: On Tuesday, the Maharashtra cabinet sanctioned a new land acquisition and allotment policy for the proposed “Third Mumbai” project, located within the impact area of the Mumbai Trans Harbour Link (MTHL), also referred to as Atal Setu. This policy aims to enhance planned urban development and spur investment in the Mumbai Metropolitan Region (MMR). The policy will govern development initiatives led by the New Town Development Authority in the Atal Bihari Vajpayee Shivdi-Nhava Sheva Atal Setu’s influence area and the Mumbai Metropolitan Region Development Authority (MMRDA). The decision is anticipated to provide a structured framework for…

IndustryLatest Stories

RMZ Plans $30 Billion Investment in Mumbai Region Over 10 Years

NEW DELHI: RMZ has announced an investment collaboration with the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra (CIDCO) at the World Economic Forum (WEF) in Davos. The company aims to mobilize investments totaling up to USD 30 billion in the Mumbai Metropolitan Region (MMR) over the next decade, potentially creating around three lakh direct and indirect jobs throughout the project lifecycle. RMZ will lead the investment structuring and capital mobilization efforts, along with master planning, development, and long-term asset management. MMRDA will assist in land identification and aggregation. Additionally, the company plans…

CommercialLatest Stories

MMRDA Seeks Bids for ₹1,629-Crore Wadala Lease

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking bids for a prime commercial plot of 10,860 sq m (2 acres) in Wadala, with a reserve price set at Rs 1,629 crore. This initiative aims to monetize land outside the nearly fully occupied Bandra-Kurla Complex (BKC). The plot features a permissible built-up area of 1,08,600 sq m and a floor space index (FSI) of 10. The deadline for bid submissions is January 7, 2026. The tender represents MMRDA’s significant move to unlock the commercial potential of the Wadala Notified Area, which is envisioned as Mumbai’s third central…

Latest StoriesResidential

Ramabai Nagar Redevelopment in Mumbai Starts October 14

Sure! Here’s a rewritten version of your content: MUMBAI: The long-awaited redevelopment of Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar is set to commence with the bhoomi pujan (groundbreaking ceremony) for Phase I scheduled for Tuesday, October 14. The ₹8,498 crore mega project, being executed by the Mumbai Metropolitan Region Development Authority (MMRDA) alongside the Slum Rehabilitation Authority (SRA), aims to transform a sprawling 31.8-hectare area into a well-planned housing community featuring over 17,000 homes along with essential civic facilities. In the initial phase, construction firm B G Shirke has been awarded the contract to build 4,345 tenements at…