MMRDA inks $12 Bn MoU to transform Mumbai’s infrastructure
Mumbai Metropolitan Region Development Authority (MMRDA) has signed a landmark Memorandum of Understanding (MoU) with global investment firm Brookfield to accelerate infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement, valued at $12 billion (₹1,03,800 crore), was signed at the World Economic Forum (WEF) in Davos, in the presence of Maharashtra Chief Minister Devendra Fadnavis, MMRDA Commissioner Dr. Sanjay Mukherjee, and Brookfield CEO Anuj Ranjan.
According to an official statement from MMRDA, this Foreign Direct Investment (FDI) will play a pivotal role in transforming MMR into a global economic powerhouse within the next five to seven years. The collaboration will drive key infrastructure projects, including Metro networks, roads, bridges, urban development, real estate ventures, Transit-Oriented Development (TOD), and sustainable blue and green initiatives.
A significant portion of the investment will be directed toward Mumbai 3.0 (KSC New Town, covering 323.24 sq. km.) and Special Planning Areas (SPAs) in MMR’s northern (1,006.76 sq. km.) and southern (673.33 sq. km.) regions. The projects will encompass residential, commercial, and mixed-use developments, alongside logistics parks, data centers, and Global Capability Centres (GCCs). The initiative also aims to strengthen physical, digital, and social infrastructure across the region.
The MoU is expected to drive MMR’s economic growth to $300 billion and generate three million new jobs by 2030.
Under the leadership of Dr. Mukherjee, MMRDA has actively participated in the WEF Annual Summit at Davos for the second consecutive year, securing investment commitments totaling $40 billion. As MMRDA marks 50 years of planning and infrastructure development, it continues to attract strategic investments that will shape the future of the region.
