BMC Unveils Rs 744.27 Billion Budget, Revives ‘Mumbai Eye’ Project
SMART CITIES

BMC Unveils Rs 744.27 Billion Budget, Revives ‘Mumbai Eye’ Project

The Brihanmumbai Municipal Corporation (BMC) has presented its highest-ever budget of Rs 744.27 billion (bn) for 2025-26, marking a 14.19 per cent increase over the previous year. Among its key proposals is the revival of the ‘Mumbai Eye’ project under a private participation model, requiring two to three acres of land.

The budget prioritises infrastructure, with Rs 431.62 bn allocated for capital expenditure. Here are some of the highlights:

  • Work orders have been issued for 194 capacity multilevel Car parking near Apsara Pen Shop, Flora Fountain (Hutatma Chowk) in A Ward. Also, tender process for 640 Four Wheelers and 112 Two Wheeler space at Worli Engineering Hub in G/S ward and contractor has been appointed. In future the parking space available will be for around 834 vehicles. The budget provision for the proposed work is Rs 2 bn. 
  • Waste to Energy (WTE) plant at Deonar Dumping Ground is expected to be commissioned by October 2025.
  • BMC has signed Memorandum of Understanding (MoU) with Mahanagar Gas Limited (MGL) for setting up Bio-CNG plant with a capacity of about 1000 TPD MSW at Deonar Dumping Ground. Currently, process regarding Concession Agreement is underway.
  • Work of construction of new fire stations at Juhu Tara Road Santacruz (W), Mahul Road Chembur and Tilak Nagar will be undertaken shortly. 
  • A ‘Mumbai Public Park’ is planned across 290 acres, combining 120.12 acres from the Royal Western India Turf Club and 170 acres reclaimed under the Mumbai Coastal Road (South) Project. A consultant is preparing a design for the racecourse land, while an Expression of Interest (EOI) has been invited from companies to develop the remaining land as a Volunteer Agency without BMC’s financial commitment.
  • Under the Goregaon-Mulund Link Road project, BMC plans to build a Tiger Monument in collaboration with the state’s forest and tourism departments. A suitable site will be identified within the tunnel passing under Sanjay Gandhi National Park.

Meanwhile, the BMC has urged the State Government to declare BMC’s Prestigious Projects such as Mumbai Coastal Road (South) Project, GMLR, Mumbai Coastal Road (North) Project (Versova to Dahisar), Elevated Road from Link Road in Dahisar (W) in BMC limits to Mira-Bhayander (W) in MBMC limits (Coastal Road Last Leg) as Vital Urban Transport Projects.
                 

The Brihanmumbai Municipal Corporation (BMC) has presented its highest-ever budget of Rs 744.27 billion (bn) for 2025-26, marking a 14.19 per cent increase over the previous year. Among its key proposals is the revival of the ‘Mumbai Eye’ project under a private participation model, requiring two to three acres of land.The budget prioritises infrastructure, with Rs 431.62 bn allocated for capital expenditure. Here are some of the highlights:Work orders have been issued for 194 capacity multilevel Car parking near Apsara Pen Shop, Flora Fountain (Hutatma Chowk) in A Ward. Also, tender process for 640 Four Wheelers and 112 Two Wheeler space at Worli Engineering Hub in G/S ward and contractor has been appointed. In future the parking space available will be for around 834 vehicles. The budget provision for the proposed work is Rs 2 bn. Waste to Energy (WTE) plant at Deonar Dumping Ground is expected to be commissioned by October 2025.BMC has signed Memorandum of Understanding (MoU) with Mahanagar Gas Limited (MGL) for setting up Bio-CNG plant with a capacity of about 1000 TPD MSW at Deonar Dumping Ground. Currently, process regarding Concession Agreement is underway.Work of construction of new fire stations at Juhu Tara Road Santacruz (W), Mahul Road Chembur and Tilak Nagar will be undertaken shortly. A ‘Mumbai Public Park’ is planned across 290 acres, combining 120.12 acres from the Royal Western India Turf Club and 170 acres reclaimed under the Mumbai Coastal Road (South) Project. A consultant is preparing a design for the racecourse land, while an Expression of Interest (EOI) has been invited from companies to develop the remaining land as a Volunteer Agency without BMC’s financial commitment.Under the Goregaon-Mulund Link Road project, BMC plans to build a Tiger Monument in collaboration with the state’s forest and tourism departments. A suitable site will be identified within the tunnel passing under Sanjay Gandhi National Park.Meanwhile, the BMC has urged the State Government to declare BMC’s Prestigious Projects such as Mumbai Coastal Road (South) Project, GMLR, Mumbai Coastal Road (North) Project (Versova to Dahisar), Elevated Road from Link Road in Dahisar (W) in BMC limits to Mira-Bhayander (W) in MBMC limits (Coastal Road Last Leg) as Vital Urban Transport Projects.                 

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Next Story
Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?