The Mumbai Metropolitan Region Development Authority has appointed Surbana Jurong to prepare the master plan for the proposed Third Mumbai, also referred to as Mumbai 3.0, in the influence area of the Atal Setu. An official from the authority confirmed the development, stating that the planning exercise will lay the foundation for structured urban growth in the region.
Surbana Jurong has played a role in the planning and design of Singapore’s urban infrastructure. However, officials clarified that the project will not mirror any specific global city. “The objective is to ensure systematic and well-planned development, not to replicate any particular global city,” the official said.
According to MMRDA, the master plan will be executed in four stages. The first will map available land and identify areas where development has already commenced. The second will document natural features, including water bodies, vegetation and ecological elements. The third stage will assess land valuation, while the fourth will classify land parcels and determine areas earmarked for acquisition.
Earlier this month, the state Cabinet transferred 200 sq km of land to MMRDA for planned development, of which 104 sq km is considered developable. The government has also approved a land acquisition and allotment framework featuring a 22.5% land refund scheme. Under this policy, privately owned land acquired through negotiation will entitle project-affected persons to developed plots. If the refundable area is less than 40 sq mt, compensation will be paid in cash.
To promote foreign direct investment, priority allotment of plots will be extended to industries bringing FDI into the Atal Setu zone, in line with Maharashtra Industrial Development Corporation policy. Eligible investors must acquire at least 100 acres and invest a minimum of ₹250 crore per 100 acres within four years, excluding land cost. Undeveloped land cannot be sold or transferred, and FDI projects will be capped at 25% of the total developed area, subject to MMRDA conditions.
Source: The Free Press Journal
