The Maharashtra government has transferred nearly 34,000 hectares of land across Thane, Raigad, and Palghar districts to the Mumbai Metropolitan Region Development Authority (MMRDA). This move will help fund and fast-track infrastructure projects through monetisation of land for housing, logistics, and transit-oriented developments.
On March 25, 2026, a government resolution (GR) issued by the state urban development department granted MMRDA Class-1 ownership of 33,954.61 hectares of land across 1,324 villages in Thane, Raigad, and Palghar. The transfer is aimed at strengthening MMRDA’s financial base, reducing reliance on borrowings, and ensuring timely completion of large-scale infrastructure projects.
Purpose Of Land Transfer
• To monetise land assets for housing, logistics, and commercial development.
• To fund metro, road, and regional connectivity projects planned for 2026–27.
• To reduce dependence on external borrowings and ensure financial closure.
Terms Of Transfer
• Land transferred free of cost to MMRDA.
• MMRDA granted Class-1 ownership rights.
• Profit-sharing model: 25% of income generated from land development must be deposited back into the state treasury.
Strategic Impact
• Provides MMRDA with a sustainable funding mechanism.
• Accelerates regional infrastructure growth in Mumbai Metropolitan Region (MMR).
• Boosts housing supply and logistics hubs, supporting urban expansion.
• Strengthens Maharashtra’s push for self-funded infrastructure development.
Key Highlights
• Govt transfers 34,000 hectares of land to MMRDA
• Land spans Thane, Raigad, and Palghar districts across 1,324 villages
• Class-1 ownership granted to MMRDA for monetisation
• 25% of revenue to be shared with state treasury
• Funds to support metro, road, and housing projects in 2026–27
Sources: Free Press Journal, Times of India, Ghar.tv