The Mumbai Metropolitan Space Construction Authority (MMRDA) accredited a ₹Forty eight,072-crore funds for the monetary One year 2026-27 on Monday (February 16, 2026), with the authority projecting a marginal surplus of ₹17 lakh, allocating ₹4,000 crore for pattern of Mumbai 3.0.
As section of Mumbai 3.0 city pattern, below the KSC (Karnala-Sai-Chirner) Navnagar Venture, 323.44 sq. km will doubtless be developed, covering 124 villages within the Panvel, Uran, and Pen talukas of Raigad district. The authority is recognised as a Recent City Construction Authority, as per the MMRDA officers.
“We are increasing connectivity, decentralising enhance through Mumbai 3.0, and strengthening regional sustainability. This Budget marks a transition from monetary stress to monetary balance while declaring pattern momentum at scale,” stated Sanjay Mukherjee, Metropolitan Commissioner, MMRDA.
MMRDA expects to generate around ₹11,000 crore in income through land monetisation for funding capital-intensive infrastructure initiatives.
First surplus funds
Right here’s MMRDA’s first surplus funds since 2017–18. Closing One year, a deficit of ₹7,468 crore modified into as soon as recorded.
“In three years, MMRDA has completed ₹17 lakh surplus. The surplus is the tip consequence of structured land monetisation, strengthening of the City Transport Fund (UTF), improved mission-linked revenues, and capital mobilisation through world partnerships and institutional financing,” as per the MMRDA.
Initiatives
About 87% of the funds, that’s ₹42,026.14 ,crore has been disbursed to pattern initiatives and schemes.
The proposed funds outlay of ₹Forty eight,072.57 crore is 58.57% elevated than the revised estimate of ₹30,316.18 crore for 2025–26. Proposed expenditure of ₹Forty eight,072.40 crore is fifty three.52% elevated than the revised estimate of ₹31,313.13 crore for the old One year.
Chief Minister Devendra Fadnavis stated, “The funds reflects world investor self perception and a lengthy-timeframe infrastructure-led enhance imaginative and prescient, reflecting the Mumbai Metropolitan Space as a new, funding-ready and globally aggressive city field.”
Around ₹5,543.51 crore has been disbursed for the initiatives enabling the east-west connectivity, decongesting the web site visitors. The initiatives contain Orange Gate to Marine Drive Coastal Avenue Underground Tunnel worth ₹1,250 crore, Gaimukh to Fountain Resort Underground Tunnel – ₹75 crore, Thane to Borivali Four-Lane Underground Tunnel – ₹3,029.51 crore, Mumbai Built-in Tunnel (BWSL–BKC–HSR–T2 Connectivity) – ₹1,189.00 crore.
The multi-ring avenue initiatives worth ₹12,816.fifty three crore covers Atal Setu to Mumbai–Pune Expressway Link – ₹603 crore, Anand Nagar to Saket Elevated Avenue – ₹880.12 crore, Thane Coastal Avenue (Balkum–Gaimukh) – ₹1,025.77 crore, Fountain Resort to Bhayander Elevated Avenue – ₹75 crore, Kalyan Ring Avenue – ₹600 crore, Worli–Sewri Elevated Corridor – ₹936.07 crore, Mumbai City Infrastructure Initiatives – ₹2,362.20 crore, Mumbai – Vadhavan Categorical Ability Corridor (Uttan-Virar Sea Link) – ₹2,000 crore, Mumbai to Samruddhi Expressway- Saket to Aamne Link Avenue – ₹500 crore and others.
MMRDA’s metro initiatives contain key corridors Metro Line 2A (D.N. Nagar to Dahisar) – ₹45.19 crore, Metro Line 2B (D.N. Nagar to Mandale) – ₹1,224.60 crore, Metro Line 4 (Wadala–Kasarvadavali) – ₹3,630.71 crore. Metro Line 4A (Kasarvadavali-Gaimukh) – ₹176.54 crore, Metro Line 5 (Thane-Bhiwandi-Kalyan) – ₹1,309.30 crore, Metro Line 5A (Extn.) Durgadi to Ulhasnagar – ₹183.35 crore, Metro Line 6 (Swami Samarth Nagar–Kanjurmarg) – ₹2,407.78 crore, Metro Line 7 (Andheri (E) to Dahisar (E)) – ₹24.05 crore, Metro Line 9&7A (Dahisar – Mira Bhayander) (Andheri – CST Airport)– ₹1,151.87 crore, Metro Line 10 (Gaimukh to Miraroad) – ₹100.00 crore, Metro Line 12 (Kalyan to Taloja) – ₹1,054.54 crore, Metro Line 13 (Ghodbunder to Virar) – ₹200 crore, Metro Line 14 (Kanjurmarg to Badlapur) – ₹500 crore, Mandale Metro Bhavan – ₹403.31 crore, and others.
For slum rehabilitation & housing initiatives MMRDA has disbursed ₹731.33 crores, which contains Mata Ramabai Ambedkar Nagar SRA – ₹551.00 crore, rehabilitation & resettlement – ₹150.00 crore, and cheap Condo Housing – ₹30.33 crores.
According to MMRDA, the estimated receipts of ₹Forty eight,072.57 crore contain land sale – ₹11,177.95 crore, city transport fund – ₹6,368.42 crore, borrowings – ₹23,711.16 crore, pronounce subordinate Loans – ₹3,520.00 crore, mission working income – ₹441.71 crore, authorities grants & TDR – ₹1,189.14 crore, and floor rent & hobby – ₹1,664.19 crore.
