Mumbai 3.0 - Land Acquisition & Compensation Package

🏗️ Third Mumbai: Official GR & Land Acquisition Starts April 27! The dream of Third Mumbai (officially the Karnala-Sai-Chirner New Town) is no longer just on paper. Following the landmark Government Resolution (GR) dated March 16, 2026, the land acquisition and consent process is officially set to kick off on April 27. In this video, we break down exactly what the new GR means for landowners, investors, and residents of the 124 affected villages in Uran, Panvel, and Pen.📌 Key Highlights of the Video:The New GR Explained: A deep dive into the March 16, 2026, policy and the MMRDA's role as the New Town Development Authority (NTDA).Land Acquisition Timeline: Why April 27 is a critical date for all stakeholders.Compensation Models: Choosing between Land Pooling (22.5% developed land), Cash Compensation, or FSI/TDR.Affected Areas: Detailed list of the 124 villages across Raigad.The $300 Billion Vision: How Third Mumbai will connect to the Atal Setu (MTHL) and Navi Mumbai International Airport.💰 Compensation Options for LandownersThe government has introduced a participatory model to ensure you remain a stakeholder in the city's growth:OptionWhat You GetLand Pooling22.5% of developed land returned to you (similar to the CIDCO model).MonetaryCash compensation based on current market rates/ready reckoner.FSI / TDRTransferable Development Rights or higher Floor Space Index for vertical growth.