2 weeks ago

Maharashtra Plans Rs 4,000-Crore Mumbai 3.0 New Town

Maharashtra Plans Rs 4,000-Crore Mumbai 3.0 New Town
Mumbai 3.0 On The Cards: All About The Proposed Rs 4,000-Crore Mega City · NDTV

Maharashtra is planning a large new city called Mumbai 3.0.

It would be built beyond Navi Mumbai in the Raigad district.

The plan includes 124 villages and covers more than 323 square kilometres.

The city would have homes, offices, factories, schools, hospitals and technology businesses.

Roads, trains and the nearby airport are expected to make it easier to reach.

The project aims to create jobs near homes so people do not need to travel as far each day.

Some areas would remain green, with forests and rural settlements protected in the plan.

MMRDA has set aside Rs 4,000 crore for the project during 2026-27.

Building the first phase may take until the end of this decade, and the complete city would take much longer.

Key facts

Project name
Karnala-Sai-Chirner New Town, also called Mumbai 3.0
Planned area
323.44 square kilometres
Villages included
124 villages across Uran, Panvel and Pen talukas
Development authority
Mumbai Metropolitan Region Development Authority
Budget allocation
Rs 4,000 crore for 2026-27
Proposed investment commitment
Brookfield has made a proposed $12 billion commitment covering areas including real estate, transit-oriented development, logistics parks, data centres and global capability centres.
Land-use plan
Around 104 square kilometres is planned for townships and industrial corridors, while other areas would retain green zones, forests and rural settlements.

Quotes

Vishal N Ratanghayra

Founder & CEO of Platinum Corp.

“Mumbai 3.0 has the potential to fundamentally reshape the growth trajectory of the MMR by moving beyond the traditional model of residential expansion and creating a new, integrated economic centre.”
NDTV
“Such large‑scale and infrastructure‑driven development can offer new micro‑markets, create employment opportunities, and generate housing needs, commercial needs and allied services demands.”
NDTV

Sources

Related news