MMRDA Secures 216 Acres in Raigad for Mumbai 3.0 Project

Author: Ajjay BhagyakarPublished by: Griha Realty

Source: The Economic Times

Created by: Ajjay Bhagyakar

The Mumbai Metropolitan Region Development Authority has taken a major step toward building Mumbai 3.0 by securing 216 acres of land in Raigad district, marking the transition of the project from planning to execution, MMRDA Secures 216 Acres in Raigad for Mumbai 3.0 Project.

What is Mumbai 3.0?

Mumbai 3.0—also known as the Karnala-Sai-Chirner (KSC) New Town—is envisioned as the next big urban expansion aimed at:

• Reducing pressure on Mumbai

• Creating a new economic and infrastructure hub

• Supporting long-term regional growth

The project is strategically located in the Raigad–Pen growth corridor, close to major infrastructure like the Atal Setu and Navi Mumbai International Airport.

Unique Participatory Land Model

Unlike traditional land acquisition, this project follows a people-centric participatory model, where landowners are partners in development.

👉 Key options offered to landowners:

• Mutual consent-based acquisition

• Compensation via FSI/TDR (development rights)

• Land pooling model with up to 22.5% developed land return 

This approach has already received a strong response from landowners, enabling faster land aggregation.

Project Significance

• Marks the execution phase with a signed shareholder agreement

• Expected to attract large-scale investments & FDI

• Potential to generate 2 lakh+ jobs (direct & indirect)

• Planned as a smart, integrated township

Connectivity Advantage

Mumbai 3.0 will benefit from proximity to:

• Atal Setu (MTHL)

• Navi Mumbai International Airport

• Upcoming multi-modal corridors & logistics hubs

This will position the region as a high-growth economic zone.

Real Estate Impact

📈 Increased demand in Panvel, Uran, Pen & Raigad belt 📈 Rise in land value due to infrastructure push 📈 Opportunities for residential, industrial & logistics projects

Conclusion MMRDA Secures 216 Acres in Raigad for Mumbai 3.0 Project

The acquisition of 216 acres is just the beginning—Mumbai 3.0 represents the future of planned urban expansion in the Mumbai Metropolitan Region.

With a participatory model, strong infrastructure backing, and investor interest, this project is set to redefine how cities grow—making citizens not just stakeholders, but partners in development.

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