MMRDA secures 216 acres in Raigad for Mumbai 3.0 project through participatory model

The Mumbai Metropolitan Region Development Authority (MMRDA) has started the rollout of the Mumbai 3.0 project with the aggregation of 216 acres in Raigad district, alongside the signing of a shareholders’ agreement to take the project into the execution phase.

The land has been secured in the Raigad Pen growth corridor, where the proposed New Town Development Area under Mumbai 3.0 is being planned. The aggregation marks an early milestone under MMRDA’s participatory land acquisition framework, which has seen a robust response from landowners in the region.

“Mumbai 3.0 represents a new chapter in urban development, one that is truly for the people and by the people. Through this participatory model, we are not just acquiring land, but building trust and creating a framework where citizens become partners in development,” said Maharashtra Chief Minister Devendra Fadnavis.


According to Maharashtra Deputy Chief Minister and chairman MMRDA, Eknath Shinde, the robust response from landowners and the successful aggregation of land reflects growing trust in the participatory model.

As part of this participatory framework, landowners are being offered multiple options, including mutual consent-based acquisition under the Maharashtra Regional and Town Planning Act, 1966, compensation through development rights such as floor space index (FSI)/ transferable development rights (TDR), and a land pooling model that offers 22.5% developed land return.

"The response to our participatory land acquisition policy has been encouraging. Securing 216 Acres in such a short span reflects the confidence of citizens in this model. Mumbai 3.0 is being shaped as a people-driven development, where landowners are co-creators of a new urban future. This milestone gives us the momentum to accelerate implementation on ground," said Sanjay Mukherjee, Metropolitan Commissioner, MMRDA.

The shareholders’ agreement, which formalises the transition of the project from planning to on-ground execution. was executed on Saturday.

According to officials, the land aggregation was enabled by MMRDA’s people-centric approach, under which landowners are offered multiple participation options, including direct compensation, development rights, and land pooling. The response has facilitated relatively faster consolidation of land parcels in the corridor.

The proposed growth centre is strategically located to benefit from proximity to key infrastructure projects, including the Atal Setu, Navi Mumbai International Airport, and the Virar-Alibaug Multi-Modal Corridor, which are expected to enhance connectivity and support the development of the region as a new economic hub.

The Raigad Growth Centre is envisaged as an integrated urban ecosystem with dedicated districts for technology and financial services, global capability centres, data centres, microelectronics, IT/ITeS and business process services, healthcare and knowledge services, as well as logistics and warehousing, along with supporting social infrastructure.

The project is expected to generate more than 200,000 highly skilled, well-paid direct jobs, in addition to significant indirect employment, while attracting large-scale foreign direct investment and private capital and contributing to regional economy’s growth.