23/04/2026
MMRDA is quietly changing the way land development works in Maharashtra… and this could be a big shift for Raigad.
For the upcoming Mumbai 3.0 project (Karnala–Sai–Chirner New Town), the authority has introduced a participatory land acquisition model — moving away from the traditional system where land is simply acquired.
👉 Instead, landowners now have options:
* Get 22.5% developed land back (similar to CIDCO model)
* Opt for direct compensation
* Or choose development rights (FSI/TDR)
This means landowners are no longer just sellers — they can actually stay invested in the area’s future growth.
And this is not just a concept —
📍 216 acres have already been secured using this model.
With the project located around the Atal Setu influence zone, the long-term impact could be significant:
* 2 lakh+ job creation
* Increasing interest from investors
* Strong infrastructure push in Raigad
[MMRDA, Mumbai3.0, Raigad Development, Atal Setu, NewTown, Karnala, Sai,Chirner, Real Estate India, Maharashtra Growth, Land Development, Urban Planning, Property Investment, Real Estate Trends, Infrastructure Developmen, Smart City, Future Of Mumbai, CIDCO Model, FSI, TDR, Investment Opportunity, Raigad Real Estate, Mumbai Expansion, Urban Growth]
