MMRDA set to become Asia’s largest landowner, eyes land bank to drive ‘Third Mumbai’
Indian Express·4h ago·Neutral
What Happened
Mumbai Metropolitan Region Development Authority will become Asia's largest landowner controlling over 83,000 acres. Metropolitan Commissioner Sanjay Mukherjee reveals the authority secured $272 billion investments and ₹4.07 lakh crore loans over two years. MMRDA plans leveraging its vast land bank for Third Mumbai expansion, targeting 104 sq km for development in semiconductor, data centre, logistics sectors.
Key Entities
MMRDAMumbai Metropolitan RegionSanjay MukherjeeThird Mumbai83,000 acres$272 billion₹4.07 lakh crore