MMRDA Secures 216 Acres in Raigad for Mumbai 3.0 Project Through Participatory Model

Mumbai, April 20: 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.

Landowner Compensation Options

Mutual consent-based acquisition under Maharashtra Regional and Town Planning Act, 1966
Compensation through development rights (FSI/TDR)
Land pooling model offering 22.5% developed land return

Official Statements

Maharashtra Chief Minister Devendra Fadnavis: "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."

Sanjay Mukherjee, Metropolitan Commissioner, MMRDA: "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."

Proposed 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
Healthcare and knowledge services
Logistics and warehousing

Job Creation

Direct jobs: Over 200,000 highly skilled positions
Indirect employment: Significant additional jobs

Connectivity

The proposed growth centre benefits from proximity to:

Atal Setu
Navi Mumbai International Airport
Virar-Alibaug Multi-Modal Corridor