Monday brought cheers to Mumbai’s development sector as MMRDA unveiled a ₹48,072.57 crore budget for 2026-27—the first surplus since 2017-18. Overcoming a ₹7,468 crore loss in 2024-25, the authority swung to a ₹17 lakh profit, exemplifying swift financial recovery.
Achievements stem from land monetization strategies, UTF reinforcement, project revenue boosts, and institutional financing alliances abroad. It showcases fiscal prudence, revenue agility, controlled borrowings, and elevated global standing amid massive project expansions.
Allocations shine bright: 87.42% of ₹42,026.14 crore goes to core development, affirming investment focus. This represents a 58.57% jump from 2025-26’s ₹30,316.18 crore revised estimate and 53.52% over prior year’s ₹31,313.13 crore.
Ending a deficit streak from 2017-18, 2026-27 delivers a ₹0.17 crore surplus. The plan holistically addresses mobility, decentralization, water security, resilience to climate change, and housing, driving coordinated urban renewal.
As per MMRDA, this transcends mere budgeting—it’s a visionary path to a competitive, investable, sustainable Mumbai metropolis. CM Devendra Fadnavis called it a post-2017-18 triumph, embodying investor trust and infrastructure-driven prosperity for a world-class city-region.