+
MMRDA Presents Rs 480,724 mn Budget, First Surplus in Eight Years
ECONOMY & POLICY

MMRDA Presents Rs 480,724 mn Budget, First Surplus in Eight Years

The Mumbai Metropolitan Region Development Authority (MMRDA) presented a Rs 480,724 mn budget for 2026–27 projecting a marginal surplus, its first in eight years.

Revenue was estimated at Rs 480,725.7 mn, slightly above planned expenditure after last year’s downward revisions.

The surplus stood at Rs one point seven mn.

Infrastructure made up 87 per cent of expenditure, accounting for over Rs 420,000 mn of the outlay.

Rs 40,000 mn was allocated to the Third Mumbai project across 124 villages near Atal Setu and Navi Mumbai International Airport, with Rs 20,000 mn already spent in 2025–26.

Rs 11,890 mn has been set aside for a proposed 70 km tunnel corridor with a total cost estimated at Rs 240,000 mn.

The budget rests on record borrowings of Rs 237,111.6 mn, the highest in five years.

Interest payments are forecast to rise from Rs 660 mn in 2022–23 to Rs 32,470 mn in 2026–27, an almost 50-fold increase.

Land sales are expected to yield Rs 111,770 mn, up from Rs 45,820 mn last year.

Receipts from operational assets such as tolls, Metro Lines 2A and 7, the monorail and the Surya Regional Water Supply project underperformed, revised to Rs 2,380 mn in 2025–26 from an initial Rs 3,050 mn.

The authority expects Rs 4,410 mn from these assets in 2026–27.

Past trends show intended infrastructure spending of Rs 350,000 mn in 2025–26 resulted in actual spend of just over Rs 260,000 mn.

The metropolitan commissioner said the surplus reflected fiscal discipline and calibrated capital mobilisation, and the chief minister called the outcome a defining milestone that indicates investor confidence and positions the region as globally competitive.

The deputy chief minister and MMRDA chairperson noted that allocating 87 per cent to projects demonstrated focused governance.

Officials cautioned that timely project delivery remains essential given past delays and underperformance.

The Mumbai Metropolitan Region Development Authority (MMRDA) presented a Rs 480,724 mn budget for 2026–27 projecting a marginal surplus, its first in eight years. Revenue was estimated at Rs 480,725.7 mn, slightly above planned expenditure after last year’s downward revisions. The surplus stood at Rs one point seven mn. Infrastructure made up 87 per cent of expenditure, accounting for over Rs 420,000 mn of the outlay. Rs 40,000 mn was allocated to the Third Mumbai project across 124 villages near Atal Setu and Navi Mumbai International Airport, with Rs 20,000 mn already spent in 2025–26. Rs 11,890 mn has been set aside for a proposed 70 km tunnel corridor with a total cost estimated at Rs 240,000 mn. The budget rests on record borrowings of Rs 237,111.6 mn, the highest in five years. Interest payments are forecast to rise from Rs 660 mn in 2022–23 to Rs 32,470 mn in 2026–27, an almost 50-fold increase. Land sales are expected to yield Rs 111,770 mn, up from Rs 45,820 mn last year. Receipts from operational assets such as tolls, Metro Lines 2A and 7, the monorail and the Surya Regional Water Supply project underperformed, revised to Rs 2,380 mn in 2025–26 from an initial Rs 3,050 mn. The authority expects Rs 4,410 mn from these assets in 2026–27. Past trends show intended infrastructure spending of Rs 350,000 mn in 2025–26 resulted in actual spend of just over Rs 260,000 mn. The metropolitan commissioner said the surplus reflected fiscal discipline and calibrated capital mobilisation, and the chief minister called the outcome a defining milestone that indicates investor confidence and positions the region as globally competitive. The deputy chief minister and MMRDA chairperson noted that allocating 87 per cent to projects demonstrated focused governance. Officials cautioned that timely project delivery remains essential given past delays and underperformance.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code