Maharashtra Cabinet Clears 3rd Mumbai

In February 2026, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, officially cleared the land acquisition and allotment policy for Mumbai 3.0 (also known as the Third Mumbai or KSC New Town). This ambitious project aims to create a massive, 323-square-kilometer smart city in the Raigad district, fueled by the connectivity of the Atal Setu (MTHL) and the Navi Mumbai International Airport. Mumbai 3.0 Approved! How the New Mega-City Will Change Your Life & Land Value 🚀 The wait is finally over! The Maharashtra Cabinet has officially greenlit the land policy for Mumbai 3.0, a project set to become India’s next global economic powerhouse. In this video, we break down exactly what was approved in the February 2026 cabinet meeting, how this 323 sq. km city will take shape, and—most importantly—what it means for landowners and investors. 📍 What is Mumbai 3.0? Often referred to as Karnala-Sai-Chirner (KSC) New Town, Mumbai 3.0 covers 124 villages across Uran, Panvel, and Pen. It is designed to be a self-sustaining city with specialized hubs: Edu-City: Home to international university campuses. Medi-City: A world-class healthcare and research district. Data Center Zone: Planned to house 65% of India’s data storage. 💰 Benefits for Landowners The new policy introduces several "win-win" models for local landowners to ensure they aren't left behind: 22.5% Developed Land Return: Owners who opt for land pooling will receive 22.5% of their original land back as a fully developed, high-value plot with roads and utilities. FSI & TDR Incentives: Compensation can be taken in the form of Floor Space Index (FSI) or Transferable Development Rights (TDR), allowing for massive vertical growth potential. Direct Cash: For plots smaller than 40 sq. meters, the government will provide direct cash compensation based on market rates. 🛤️ How It Will Take Shape The "Pass-Through" Policy: A unique move to speed up industrial growth by allowing companies to set up "as-is-where-is" while infrastructure is built around them. Connectivity First: With Atal Setu already operational, the focus shifts to Metro Line 8 (the Gold Line), connecting the two international airports in under 30 minutes. Global Investment: New rules prioritize projects bringing in Foreign Direct Investment (FDI), with a minimum investment threshold of ₹250 crore per 100 acres. Is this the right time to invest in Panvel, Ulwe, or Dronagiri? Watch the full video to see the roadmap to 2030 and how Mumbai 3.0 aims to contribute $300 billion to Maharashtra’s GDP