State Clears Land Policy For Third Mumbai And Approves Purandar Loan
ECONOMY & POLICY

State Clears Land Policy For Third Mumbai And Approves Purandar Loan

The state cabinet approved a comprehensive land acquisition and allotment policy for the proposed Third Mumbai in the Atal Setu influence zone, to be implemented by the NavNagar Development Authority and the Mumbai Metropolitan Region Development Authority. Land acquisition will proceed through mutual agreement under the Maharashtra Regional and Town Planning Act, 1966, or under the land acquisition law of 2013, and compensation will be provided through cash, floor space index or transferable development rights. The policy is intended to streamline land assembly for urban development and infrastructure projects linked to the new harbour link. The cabinet approved mechanisms to ensure clarity on entitlements and processes.

A 22.5 per cent developed land return scheme will be implemented, and if the returnable plot measures less than 40 sq m compensation will be paid in cash. A pass-through policy for undeveloped land will require landholders to bear acquisition costs, registration charges and a 15 per cent administrative charge payable to the Mumbai Metropolitan Region Development Authority. Land will be allotted on an as-is-where-is basis and any additional compensation awarded later will be recovered from the allottee. The policy also stipulates that sale of undeveloped land will not be permitted.

To attract foreign direct investment, the cabinet directed that industries bringing in FDI will get priority in land allotment, with a minimum acquisition of 100 acres. Each 100 acres must be backed by at least Rs 2.5 billion (bn) in investment within four years and up to 25 per cent of the developed area may be used for FDI linked activity. The Mumbai Metropolitan Region Development Authority has been instructed to frame detailed allotment rules and a revenue model to operationalise these provisions. The policy aims to balance industrial attraction with planned urban growth.

The cabinet approved transfer of 12.76 hectares for a Kolhapur cricket stadium and loan of Rs 60 billion (bn) for Purandar airport. An amendment to the Maharashtra Land Revenue Code will allow email notices for revenue hearings, which the government expects to speed up nearly 12,000 pending land matters.

The state cabinet approved a comprehensive land acquisition and allotment policy for the proposed Third Mumbai in the Atal Setu influence zone, to be implemented by the NavNagar Development Authority and the Mumbai Metropolitan Region Development Authority. Land acquisition will proceed through mutual agreement under the Maharashtra Regional and Town Planning Act, 1966, or under the land acquisition law of 2013, and compensation will be provided through cash, floor space index or transferable development rights. The policy is intended to streamline land assembly for urban development and infrastructure projects linked to the new harbour link. The cabinet approved mechanisms to ensure clarity on entitlements and processes. A 22.5 per cent developed land return scheme will be implemented, and if the returnable plot measures less than 40 sq m compensation will be paid in cash. A pass-through policy for undeveloped land will require landholders to bear acquisition costs, registration charges and a 15 per cent administrative charge payable to the Mumbai Metropolitan Region Development Authority. Land will be allotted on an as-is-where-is basis and any additional compensation awarded later will be recovered from the allottee. The policy also stipulates that sale of undeveloped land will not be permitted. To attract foreign direct investment, the cabinet directed that industries bringing in FDI will get priority in land allotment, with a minimum acquisition of 100 acres. Each 100 acres must be backed by at least Rs 2.5 billion (bn) in investment within four years and up to 25 per cent of the developed area may be used for FDI linked activity. The Mumbai Metropolitan Region Development Authority has been instructed to frame detailed allotment rules and a revenue model to operationalise these provisions. The policy aims to balance industrial attraction with planned urban growth. The cabinet approved transfer of 12.76 hectares for a Kolhapur cricket stadium and loan of Rs 60 billion (bn) for Purandar airport. An amendment to the Maharashtra Land Revenue Code will allow email notices for revenue hearings, which the government expects to speed up nearly 12,000 pending land matters.

Next Story
Technology

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Next Story
Real Estate

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Next Story
Equipment

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement