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MMRDA Tables Rs 48,072-Crore Budget, Posts First Surplus Since 2017 With Infrastructure Push

A wafer-thin surplus rests on land monetisation, with record borrowing exposing fiscal risks.

Overview

  • The authority forecast receipts of Rs 48,072.57 crore versus expenditure of Rs 48,072.40 crore, yielding a surplus of Rs 17 lakh after a Rs 7,468 crore deficit in 2024–25.
  • Development spending totals Rs 42,026.14 crore (about 87%), including Rs 13,838.88 crore for metro corridors, more than Rs 5,500 crore for four underground tunnels, and Rs 12,816.53 crore for arterial and elevated roads.
  • Rs 4,000 crore is earmarked for the Karnala–Sai–Chirner ‘Third Mumbai’ growth hub under the Mumbai 3.0 decentralisation plan.
  • The plan relies on borrowings of Rs 23,711.16 crore with interest costs projected to rise to about Rs 3,247 crore in 2026–27.
  • Revenue measures include an estimated Rs 11,177.95 crore from land sales, a proposal seeking transfer of vacant government land for monetisation and studies to monetise metro depots, alongside efforts to recover roughly Rs 2,821.81 crore in long-pending government dues.