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MMRDA asks govt to transfer public land across Mumbai to it for monetizing them
Sighting precedence in other development organisations like Pune and Nagpur, the idea received a positive response at the 160th MMRDA meeting on Monday chaired by Deputy Chief Minister and Urban Development Minister Eknath Shinde.
Deputy Chief Minister and Urban Development Minister Eknath Shinde.
CONTINUING THE trend of monetizing public land parcels to shore up revenue, the Mumbai Metropolitan Region Development Authority (MMRDA) is planning to send a proposal to the Maharashtra government requesting all vacant government land parcels in the MMR be transferred to it. Through it, the MMRDA has vowed it will protect the parcels from encroachment, monetize by selling or leasing them, and thus develop them.
Sighting precedence in other development organisations like Pune and Nagpur, the idea received a positive response at the 160th MMRDA meeting on Monday chaired by Deputy Chief Minister and Urban Development Minister Eknath Shinde.
Approving the budget, the idea was floated in the interest of generating a steady cash flow for the authority which is working on multiple infrastructure projects in the region. “One of the key ways for a project to be financially viable is by capturing the land value of the surrounding area the project is serving,” said a senior MMRDA official. “The revenue land across the MMR can be used to ensure the MMRDA’s projects stay financially viable and our finances remain one step ahead,” he said.
In the budget released on Monday, the MMRDA projected an earning of Rs 11,000 crore from land sales of its parcels–primarily in BKC and Wadala–through which it was able to get its budget to a surplus for the first time in eight years. In 2025-26, the authority earned Rs 4,582.62 crore from the sale of land parcels.
The proposal will be sent to the Urban Development (UD) department. Once procedures are complete, the transfers will also aid in the planned development of vacant areas in the wider MMR region. With Mumbai being near its capacity, the official hinted the land in question will lie outside the boundaries of the Greater Mumbai region and in the MMR.
The MMRDA will also be able to earn through the sales of TDR and FSI on the plots.
With the debt burden of the MMRDA increasing every year, cash flows will be imperative to continue funding the authority.
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