Daijiworld Media Network - Mumbai
Mumbai, Feb 16: The Mumbai Metropolitan Region Development Authority (MMRDA) on Monday unveiled its Budget for 2026–27 with a total outlay of Rs 48,072.57 crore, marking its first surplus Budget since 2017–18.
After recording a deficit of Rs 7,468 crore in 2024–25, the authority has posted a marginal surplus of Rs 0.17 crore in 2026–27, reflecting what officials described as a decisive financial turnaround. The recovery has been attributed to structured land monetisation, strengthening of the Urban Transport Fund, improved project-linked revenues, and capital mobilisation through global partnerships and institutional financing.
Of the total proposed expenditure of Rs 48,072.40 crore, nearly 87 per cent has been earmarked for development projects and schemes, underlining a strong push toward infrastructure expansion. The outlay represents a 58.57 per cent increase over the revised estimate of Rs 30,316.18 crore for 2025–26.
The Budget outlines a broad regional transformation strategy focused on mobility integration, economic decentralisation, water security, climate resilience, and housing reforms. A key highlight is the Rs 4,000 crore allocation for “Mumbai 3.0,” aimed at decongesting the city core, attracting global investment, and generating structured employment opportunities in line with NITI Aayog’s Growth Hub framework.
Chief minister Devendra Fadnavis termed the surplus a “defining institutional milestone,” saying it reflects investor confidence and a long-term infrastructure-led growth vision. Deputy Chief Minister and MMRDA Chairman Eknath Shinde said the heavy allocation toward projects demonstrates accountable and focused governance.
MMRDA Metropolitan commissioner Sanjay Mukherjee added that the authority is expanding underground mobility networks, strengthening multi-ring road systems, and decentralising growth corridors to ensure sustainable regional development.
Describing the Budget as more than a financial statement, MMRDA said it represents a roadmap to transform the Mumbai Metropolitan Region into a globally competitive, investment-ready urban ecosystem.