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MMRDA Secures ₹4.07 Lakh Crore Loans, 83,000 Acre Land Bank for Third Mumbai Development

Target:MPSCUPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
23 Apr 2026
~2 min
Source: Indian Express
Key Data:83,000 acres₹4.07 lakh crore323.44 sq km104 sq kmFSI 2$272 billion
Bodies:MMRDAPower Finance CorporationIndian Railway Finance Corporation
Practice MCQs from today's news ▸
What This Article Covers

1.MMRDA will become Asia's largest landowner with 83,000 acres after completing land handover procedures.

2.MMRDA has secured over $272 billion investments at Davos and a ₹4.07 lakh crore loan line from agencies like Power Finance Corporation and Indian Railway Finance Corporation.

3.Third Mumbai (323.44 sq km) will have 104 sq km developable land at FSI 2, targeting industries like semiconductors, data centres, AI, and international hubs.

The Big Picture
Prelims · HighMains · Medium

The Mumbai Metropolitan Region Development Authority (MMRDA) is leveraging its vast land bank and ₹4.07 lakh crore loans to become Asia's largest landowner and drive the next phase of urban expansion through Third Mumbai and metro network development, focusing on improving quality of life with seamless connectivity.

Exam Lens

Quick Exam Facts From News

MMRDA Land Bank83,000 acres
MMRDA Loan Line₹4.07 lakh crore
Third Mumbai Total Area323.44 sq km
Third Mumbai Developable Land104 sq km at FSI 2
Davos Investments SecuredOver $272 billion

1-Minute Revision

  • ›MMRDA Land Bank: 83,000 acres
  • ›MMRDA Loan Line: ₹4.07 lakh crore
  • ›Target this Data: MMRDA's land bank size (83,000 acres) and loan line (₹4.07 lakh crore).
  • ›Target this Nodal Body: Mumbai Metropolitan Region Development Authority (MMRDA).
  • ›Target this Legal Point: The Act dictating MMRDA's role as an area and city developer (Maharashtra Regional and Town Planning Act).

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which statutory authority is responsible for the planning and development of the Mumbai Metropolitan Region (MMR) as mentioned in the article?

Q2Statement-basedHard

Consider the following statements regarding the Mumbai Metropolitan Region Development Authority (MMRDA):

1. MMRDA has secured a line of ₹4.07 lakh crore in loans from government agencies like the Power Finance Corporation.

2. The total area of Third Mumbai is 104 sq km, all of which is available for development at an FSI of 2.

3. MMRDA does not have direct control over subcontractors working on its projects, but it imposes heavy penalties on contractors for safety violations.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the total area designated for the 'Third Mumbai' project?

Q4Application/ImpactMedium

What is the primary objective behind developing the entire Mumbai Metropolitan Region (MMR) and its metro network, as outlined by the MMRDA chief?

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