September 29, 2025: The Maharashtra government has approved the redevelopment of the 15.8-acre Worli Dairy land into a mixed-use financial hub, marking a major step in expanding Mumbai’s commercial capacity. The land, previously under the Dairy Development Department and left underutilized for years, will now be repurposed to boost business activity in south-central Mumbai.
Through a government resolution (GR), the Urban Development Department has appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the Special Planning Authority (SPA) for the project. This empowers MMRDA to design the development plan, conduct public consultations, evaluate objections, and finalize the blueprint. The authority will also manage development permissions, no objection certificates (NOCs), and other required approvals.
Officials highlighted that the project could provide significant revenue to support infrastructure projects across the Mumbai Metropolitan Region. MMRDA has previously generated funds by leveraging land in Wadala, and the Worli redevelopment is expected to replicate that model by opening up premium commercial space in a high-demand location.
According to the GR, the plot—including survey number 866/5 and adjoining parcels—will be transferred to MMRDA free of cost, without encumbrances, and under Class I occupancy rights. The development will integrate commercial, residential, and recreational spaces to create a modern urban hub.
Strategically located between Bandra-Kurla Complex (BKC) and central business areas, Worli is being positioned as an alternative to BKC, where land availability is limited. An MMRDA official stated, “This is a crucial opportunity to create a commercial hub that will not only contribute to Mumbai’s economic growth but also generate resources for infrastructure and transport development.”
The project is expected to attract private investment, generate jobs, and strengthen Mumbai’s position as a key financial and commercial center.
Source: The Realty Today
