Mumbai 3.0: MMRDA Earmarks Rs 4,000 Crore For Karnala-Sai-Chirner New Town
· India · NDTV, Economic Times, Indian Express
The Mumbai Metropolitan Region Development Authority has earmarked Rs 4,000 crore for the Karnala-Sai-Chirner New Town project in its infrastructure-focused budget for 2026-27. The proposed mega city initiative, often referred to as Mumbai 3.0, aims to expand urban infrastructure and ease congestion in the Mumbai metropolitan region. The budgetary allocation will fund initial planning, land acquisition, and core development works for the new urban center.
Why it matters
The project directly impacts real estate development, infrastructure firms, and urban commuters in Maharashtra by creating a new economic hub to absorb Mumbai's growing population.
Read the original report — NDTV
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