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.                 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code