Archive · 12 Sep 2026
MMRDA Explores Land Tokenisation to Fund Infrastructure Projects
MMRDA manages land and builds large infrastructure projects.
It is exploring a new way to use the value of its land called tokenisation.
The idea would be introduced through Maharashtra’s proposed Delta Act.
MMRDA says it could raise only the amount needed for a specific project.
This would be different from selling land in the usual way.
The authority has received a very large amount of land across three districts.
It expects to earn more than Rs 11,177 crore from land sales and related charges in 2026–27.
MMRDA hopes the new system would improve its cash flow and reduce the need to borrow money.
MMRDA is considering land tokenisation under Maharashtra’s proposed Delta Act.
The mechanism could unlock land value according to individual infrastructure-project funding needs.
MMRDA secured 33,954.61 hectares of government land across 1,324 villages in Thane, Raigad and Palghar.
MMRDA projects more than Rs 11,177 crore in land-sale and related revenue for 2026–27.
The proposal is intended to improve cash flow, reduce borrowing dependence and support timely project completion.
- Who
- The Mumbai Metropolitan Region Development Authority, led in this proposal by Commissioner Dr Sanjay Mukherjee.
- What
- MMRDA is exploring land tokenisation as a way to unlock land value and finance infrastructure projects.
- When
- The proposal is being considered alongside MMRDA’s 2026–27 revenue projections; the article does not give a date for approval.
- Where
- Across MMRDA’s land holdings in Maharashtra, including areas in Thane, Raigad and Palghar.
- Why
- To raise project-specific funding, strengthen cash flow, reduce dependence on borrowing and support infrastructure delivery.
- Proposed framework
- Land tokenisation under Maharashtra’s proposed Delta Act
- Land secured
- 33,954.61 hectares of government land
- Villages covered
- 1,324 villages
- Districts covered
- Thane, Raigad and Palghar
- Projected 2026–27 revenue
- More than Rs 11,177 crore from land sales and related charges
- Bandra-Kurla Complex target
- Rs 5,534.95 crore
- KSC NTDA target
- Rs 4,000 crore in land-related revenue