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Mumbai: The Mumbai Metropolitan Region Development Authority is gearing up to raise over ₹11,177 crore this financial year by auctioning prime land parcels across the Mumbai metropolitan region, with major plots located in Bandra-Kurla Complex and Wadala.
The authority intends to use the proceeds primarily to finance large-scale infrastructure works including metro corridors, flyovers, elevated roads, coastal links and underground tunnels.
With no major independent revenue stream, land monetisation remains the MMRDA’s most important funding mechanism. Officials said previous auctions in BKC had already helped support multiple projects, and the agency is now intensifying the process due to rising infrastructure expenditure.
Estimated revenue breakup:
BKC plots: about ₹5,534.95 crore
Wadala plots: about ₹1,630 crore
Other locations: more than ₹4,000 crore
The Mumbai Metropolitan Region currently has several high-value projects under execution, and financing them requires continuous capital inflow. The authority therefore plans to fast-track tendering and conduct e-auctions soon.
Funds generated will be routed toward:
Metro rail expansion
Bridges and flyovers
Coastal and elevated road networks
Tunnels and transport corridors
Officials indicated that the upcoming auctions are a central part of the agency’s financial strategy to accelerate infrastructure delivery without excessive borrowing.
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