Mumbai 3.0 is no longer a speculative idea — it is rapidly evolving into a transformative urban vision that could redefine the Mumbai Metropolitan Region (MMR). On February 10, 2026, the Maharashtra state cabinet approved the land policy framework for the Third Mumbai project, marking a decisive step toward building a new planned city across the harbour in Raigad district near the Mumbai Trans Harbour Link (Atal Setu).

As Mumbai continues to face rising density, soaring property prices, and infrastructure pressure, policymakers are increasingly turning to satellite city models. Mumbai 3.0 represents the most ambitious attempt yet to decentralise growth, create new economic hubs, and provide affordable urban living.

This blog explains the vision, scale, land policy, investment potential, infrastructure impact, and real estate opportunities emerging from Mumbai 3.0 — and what it means for homebuyers and investors.

Mumbai 3.0 – The Vision Behind Third Mumbai

The core vision of Mumbai 3.0 is simple yet transformative: reduce pressure on Mumbai by developing a modern, planned urban centre across the harbour.

Key Objectives

• Decongest Mumbai
• Create a self-sustaining economic hub
• Provide affordable housing
• Attract global investment
• Generate employment opportunities

As a result, Third Mumbai is expected to function not just as a residential extension but as a fully integrated economic zone.

Karnala–Sai–Chirner (KSC) New Town – A New Urban Region

The proposed city, officially named Karnala-Sai-Chirner (KSC) New Town, will span approximately 323 sq. km, making it one of India’s largest greenfield urban developments.

Project Scope

• Covers 124 villages
• Located across Uran, Panvel, and Pen talukas
• Situated in Raigad district
• Strategically linked via Atal Setu

Because of its scale and location, the project is positioned to become a major economic and residential hub.

Governance & Development Authorities

The development of Mumbai 3.0 will be led by:

• Mumbai Metropolitan Region Development Authority (MMRDA)
• New Town Development Authority (NTDA)

Unlike traditional housing expansions, the project aims to integrate:

• Industry
• Services
• Education
• Healthcare
• Digital infrastructure

Therefore, the city is designed to support Maharashtra’s goal of becoming a $1 trillion economy.

Land Policy – A Framework Designed to Reduce Disputes

Large-scale urban projects in India often face delays due to land acquisition disputes. However, the newly approved land policy introduces flexible mechanisms to reduce friction and align stakeholder interests.

Land Pooling Scheme

• Landowners receive 22.5% developed land in return
• Allows participation in future value appreciation
• Monetary compensation for small holdings

Alternative Compensation Options

• Compensation under 2013 Land Acquisition Act
• Floor Space Index (FSI) benefits
• Transferable Development Rights (TDR)

These options encourage voluntary participation and faster project execution.

Pass-Through Provision for Industrial Growth

The policy includes a pass-through provision allowing industries to begin operations on an “as-is-where-is” basis while infrastructure develops.

Benefits

• Faster industrial activity
• Early job creation
• Accelerated economic momentum

Consequently, the region can attract businesses even before full infrastructure completion.

Attracting Domestic & Global Investment

Mumbai 3.0 is designed to attract large-scale domestic and foreign investment.

Investment Features

• Joint ventures & SPV structures
• Priority allotment for FDI projects
• Minimum investment thresholds
• Anchor investments in key sectors

Planned Specialised Zones

• Education hubs for international universities
• Healthcare districts with research facilities
• Data centre hubs for digital economy

These elements integrate real estate planning with economic growth strategies.

Ripple Effects Across Raigad Region

The approval of the land policy has already begun influencing real estate sentiment across Raigad.

Early Beneficiary Locations

• Ulwe
• Dronagiri
• Panvel
• Kharghar
• Uran & Chirle

Because connectivity via Atal Setu has changed travel perceptions, areas once considered peripheral are now seen as extensions of Mumbai.

Expected Trends

• Rising residential prices
• Increased investor interest
• Conversion of agricultural land
• Growth of commercial hubs

Infrastructure – The Engine Behind Mumbai 3.0

Connectivity remains central to the success of Third Mumbai.

Key Infrastructure Projects

• Metro Line 8 connecting two airports
• Virar–Alibaug Multimodal Corridor
• Atal Setu improving cross-harbour travel
• Road expansions & logistics corridors

As these projects progress, the region will become seamlessly integrated with Mumbai and Navi Mumbai.

Affordable Housing – A Core Focus

Unlike Mumbai’s constrained housing market, Mumbai 3.0 is being designed to provide larger homes at accessible prices.

Target Buyers

• First-time homebuyers
• Working professionals
• Middle-income families
• Investors seeking rental demand

Therefore, the new city could reshape housing affordability in MMR.

Economic Impact & Job Creation

Mumbai 3.0 is expected to generate employment across multiple sectors.

Growth Drivers

• Industrial zones
• IT parks & data centres
• Education institutions
• Healthcare infrastructure

As employment opportunities increase, housing demand will rise, strengthening the real estate market.

Real Estate Investment Potential in Mumbai 3.0

Mumbai 3.0 presents a long-term investment opportunity driven by infrastructure and policy support.

Investment Advantages

• Early-stage pricing benefits
• Infrastructure-led appreciation
• Growing commercial activity
• Rental demand from workforce

Because large-scale urban developments typically appreciate over time, early investors may see significant returns.

Who Should Consider Investing?

Mumbai 3.0 appeals to a wide range of buyers.

Ideal for:

• Long-term investors
• Real estate developers
• NRIs seeking growth markets
• Professionals planning future relocation

Role of Rajesh Mourya Real Estate in Mumbai 3.0 Opportunities

Navigating emerging markets requires local expertise and verified insights. Rajesh Mourya Real Estate provides guidance on investment zones, upcoming projects, and future growth corridors.

Services Include

• Investment consultation
• Land & project insights
• Site visit coordination
• Market trend analysis
• End-to-end transaction support

Because of early market understanding, investors can make informed decisions.

Frequently Asked Questions

1. What is Mumbai 3.0?
Mumbai 3.0 refers to the Third Mumbai project, a planned city in Raigad district.

2. What is the official name of the new city?
Karnala-Sai-Chirner (KSC) New Town.

3. How large is the project?
Approximately 323 sq. km covering 124 villages.

4. Which authority is developing Mumbai 3.0?
MMRDA and NTDA.

5. Why is Third Mumbai being developed?
To reduce congestion and distribute growth beyond Mumbai.

6. How will Atal Setu impact the project?
It improves connectivity between Mumbai and Raigad.

7. What compensation will landowners receive?
22.5% developed land or compensation options.

8. Which areas will benefit first?
Ulwe, Dronagiri, Panvel, and Uran.

9. Will property prices increase?
Yes, infrastructure development typically drives appreciation.

10. Is Mumbai 3.0 suitable for investment?
Yes, early-stage investments offer strong potential.

11. Will there be job opportunities?
Yes, industrial and IT hubs will create employment.

12. Is affordable housing planned?
Yes, the project aims to offer accessible housing.

13. What infrastructure projects support the development?
Metro Line 8 and the Virar-Alibaug corridor.

14. Who should invest in Mumbai 3.0?
Investors, developers, NRIs, and long-term planners.

15. How can Rajesh Mourya Real Estate help?
By providing expert guidance, verified insights, and investment support.

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