MMRDA has partnered with Singapore's Surbana Jurong to design the 'Third Mumbai' master plan, aiming to attract over $1.1 billion in FDI to the Raigad-Pen region.

Key Takeaways

  • MMRDA and Singapore's Surbana Jurong to complete the master plan within 30 weeks.
  • Mapletree to drive over $1.1 billion in FDI into the Raigad-Pen Growth Centre.
  • Project covers 323.44 sq. km, including 124 villages across Panvel, Uran, and Pen.
  • Strategic location near Atal Setu and Navi Mumbai International Airport.

The Mumbai Metropolitan Region Development Authority (MMRDA) has officially entered into an agreement with Singapore-based Surbana Jurong Infrastructure Ltd. to formulate the master plan for 'Third Mumbai' (Mumbai 3.0). The project aims to establish a comprehensive spatial and economic framework within a rigorous 30-week timeline.

In a parallel development, the Raigad-Pen Growth Centre Limited (RPGCL) has signed an agreement with Mapletree to develop a massive 100-acre mixed-use project. This move is expected to inject more than $1.1 billion in Foreign Direct Investment (FDI) into the Raigad-Pen Growth Centre, significantly boosting the regional economy.

Why This Matters

BozokMedia analysis shows that this initiative is a cornerstone in Maharashtra's vision to scale its economy to $1.5 trillion. By leveraging Singapore's world-class urban planning legacy, the state is positioning 'Third Mumbai' as a global hub for sustainability and commerce, strategically located near major transit corridors.

This partnership will help accelerate the development of third Mumbai, marking the next phase of India’s urban growth.

Spanning approximately 323.44 sq. km, the project encompasses 124 villages across the Panvel, Uran, and Pen talukas of the Raigad district. The development is set to capitalize on its proximity to the Atal Setu, the Navi Mumbai International Airport, and the Jawaharlal Nehru Port (JNPT).

Historical Background

The concept of expanding Mumbai has evolved through stages: from the original island city to the planned satellite city of Navi Mumbai. 'Third Mumbai' represents the next logical step in managing the massive population density and economic requirements of the Mumbai Metropolitan Region.

Did You Know?: The master plan will be developed in phases, starting with an Inception Report and culminating in a Final Concept Plan within just 30 weeks.

Frequently Asked Questions

1. What is the scope of the Third Mumbai project?
It is a massive urban development project covering 124 villages, designed to create a sustainable, investment-ready city.

2. Which international expertise is being utilized?
The project utilizes the urban planning and industrial development expertise of Singapore's Surbana Jurong.