MMRDA’s focus will be on modernizing villages in Palghar, Vasai, Panvel, Khalapur, Pen and Alibag, which have so far experienced only ad hoc development. The new approach promises world-class infrastructure, including metro connectivity, upgraded roads and bridges, improved sewerage and drainage systems, and regulated real estate development.

This mega-plan, spearheaded by the Maharashtra government, is designed to position MMR as a global financial hub, fostering sectors such as fintech, artificial intelligence, robotics, healthcare, education and entertainment. The state government aims to boost MMR’s GDP to $300 billion by 2030, aligning with NITI Aayog’s vision of a $1.5 trillion economy by 2047.

Key projects in the pipeline include the Vadhavan Port, a new bullet train station in Palghar, and the Virar-Alibag Multimodal Corridor. The MMRDA will work on creating 25-28 lakh new jobs by 2030, with an emphasis on increasing women’s workforce participation. Additionally, the region is expected to see a rise in per capita income, projected to double to $10,000-$12,000 by 2030, with a long-term goal of reaching $38,000 by 2047.

The plan also includes the development of three million affordable homes, with a focus on slum rehabilitation and a boost in tourism through beach, cruise, and nature-based attractions. Logistics hubs will be developed near ports and warehousing capacity will be expanded by 60-70 million square feet by 2030.

The state aims to complete 30 major projects within the next five to six years, attracting $125-135 billion in private sector investment during this period. This extensive initiative is a cornerstone of Maharashtra’s broader vision for inclusive economic growth and global prominence.