MMRDA Secures 216 Acres for Mumbai 3.0
- MMRDA has acquired 216 acres in Raigad’s Pen growth corridor to advance the Mumbai 3.0 development plan. - The land purchase totals 216 acres and officials called it a key milestone for regional expansion. - The acquisition accelerates land assembly for new infrastructure and development projects (mid-day.com).
The Mumbai Metropolitan Region Development Authority has secured 216 acres in Raigad’s Pen growth corridor, adding land for the state’s planned Mumbai 3.0 expansion. (mid-day.com) Mid-day reported the update on April 19, 2026, a day after MMRDA signed a shareholder agreement with Raigad-Pen Growth Centre Limited in Mumbai. The agreement was signed in the presence of Chief Minister Devendra Fadnavis, according to PTI’s report carried by The Week. (mid-day.com) (theweek.in) The Pen project sits inside a much larger new-town plan in Raigad district. In March, the Maharashtra government issued a Government Resolution for land acquisition across 323.44 square kilometres and 124 villages in Uran, Panvel and Pen tehsils. (indianexpress.com) That area falls in the influence zone of the Mumbai Trans Harbour Link and the Navi Mumbai International Airport, two transport projects the state is using to push development beyond Mumbai and Navi Mumbai. The government designated MMRDA as the New Town Development Authority for the project. (indianexpress.com) (thehindu.com) The land policy gives owners more than one compensation route. The Indian Express reported that owners can take cash under the land acquisition law, benefits through Floor Space Index or Transferable Development Rights, or 22.5% of developed land under a land-pooling model. (indianexpress.com) MMRDA has framed the Pen growth centre as an integrated township with social housing and port-linked connectivity. On its project page, the authority says the Raigad-Pen Growth Centre spans 1,217.71 acres across five clusters and 16 villages in Pen taluka, with the site about 25 km from Panvel and 30 km from the proposed Navi Mumbai airport. (mmrda.maharashtra.gov.in) (theweek.in) The project is also tied to MMRDA’s finances for 2026-27. The authority approved a ₹48,072-crore budget in February and set aside ₹4,000 crore for Mumbai 3.0, while projecting about ₹11,000 crore in revenue from land monetisation. (thehindu.com) The same policy that offers consent-based options also keeps a compulsory-acquisition route in reserve for owners who do not join voluntarily. For now, MMRDA is pointing to the 216-acre deal as evidence that at least some landowners are willing to sign on early. (indianexpress.com) (mid-day.com)
