The Mumbai Metropolitan Region Development Authority (MMRDA) has entered into an agreement with a Singapore-based firm to prepare a vision document and a comprehensive master plan for Mumbai 3.0, which is expected to cover 323.44 sq km, including 124 villages in the Panvel, Uran and Pen talukas of Raigad district, exactly 50 km from main Mumbai.
The plan will include land use, transport networks, housing, industrial and commercial zones, social infrastructure and other civic amenities.
According to MMRDA officials, Mumbai 3.0 could open up a major new growth market within the MMR for the real estate sector, driven by planned urban development, infrastructure and investment. With the Navi Mumbai International Airport and other connectivity projects boosting investor confidence, the region could see new residential, commercial and mixed-use hubs emerge.
The proposed land policy by the MMRDA, which combines monetary compensation with land-based benefits, could also encourage landowners to participate in development, helping unlock larger land parcels for future real estate projects, MMRDA officials said.
What is Mumbai 3.0?
Mumbai 3.0, also known as Third Mumbai, spans approximately 323.44 sq. km, covering 124 villages across the Panvel, Uran, and Pen talukas of Raigad district. The Maharashtra government notified the project on October 15, 2024 under the Maharashtra Regional and Town Planning Act, 1966, designating MMRDA as the New Town Development Authority.
Strategically located within the influence area of Atal Setu and in proximity to the Navi Mumbai International Airport (NMIA) and Jawaharlal Nehru Port (JNP), Mumbai 3.0 is conceptualised as a large, integrated urban and economic centre supporting residential, commercial, industrial, institutional, logistics and employment-led development. Through integrated planning, world-class infrastructure, and globally benchmarked urban development principles, MMRDA aims to develop Mumbai 3.0 not merely as an extension of the existing metropolis but as a new economic engine for the Mumbai Metropolitan Region and Maharashtra.