Maha govt appoints MMRDA as development authority for Third Mumbai

24 Oct 2024 CW Team

In a Government Resolution (GR) issued on October 15, the same day the code of conduct came into effect, the state government appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the "New Town Development Authority" (NTDA) for the proposed 'Third Mumbai,' located at the Navi Mumbai end of the Mumbai Trans Harbour Link (MTHL).

According to the GR, MMRDA has been tasked with preparing and publishing detailed Planning Proposals and Development Control & Promotion Regulations for the designated 'Notified Area.' Additionally, the authority has been granted the power to acquire land within this area and has been directed to make necessary budgetary allocations for the land acquisition process. The 'Third Mumbai' primarily comprises areas within the influence zone of the newly inaugurated MTHL. The state government, recognising the significant potential of the project to drive economic development, intends to leverage the benefits expected to arise from the MTHL.

MMRDA was officially appointed as the NTDA on December 12 for a 334 sq km area within the MTHL influence zone. With the issuance of the latest GR, the authority is now positioned to take concrete steps toward developing this new urban region.

The 'Third Mumbai' covers an area of 324 sq km and includes 124 villages. Of these, 80 villages fall under the Navi Mumbai Airport Influence Notified Area (NAINA), 33 are part of the Khopta New Town Notified Area, 2 are within the Mumbai Metropolitan Regional Plan, and 9 fall under the Raigad Regional Plan.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..