Brookfield to Invest USD 12 Billion in Mumbai Metropolitan Region Projects
The Mumbai Metropolitan Region Development Authority (MMRDA) has signed a Memorandum of Understanding (MoU) with Brookfield, a leading global investment firm, to invest USD 12 billion in various developmental projects. The focus will be on metro projects,
BrookfieldMmrdaMumbai Metropolitan RegionFdiInfrastructureReal Estate MumbaiJan 29, 2025
This agreement marks a significant Foreign Direct Investment (FDI) of USD 12 billion, which is approximately Rs 1,03,800 crore.
The investment is aimed at transforming the Mumbai Metropolitan Region (MMR) into a global economic hub over the next five to seven years.
Chief Minister Devendra Fadnavis and MMRDA Metropolitan Commissioner Dr.
Sanjay Mukherjee were present during the signing of the MoU, alongside Anuj Ranjan, the Chief Executive Officer (CEO) of Brookfield.
Dr.
Mukherjee has been instrumental in securing this agreement, and MMRDA has participated in the World Economic Forum's (WEF) Annual Summit at Davos for the second consecutive year, securing MoUs worth USD 40 billion in total.
The key highlights of the MoU include a focus on developing metro projects, roads, bridges, urban infrastructure, real estate, Transit-Oriented Development (TOD), Land Value Capture opportunities, and sustainable blue and green infrastructure.
These projects are designed to enhance the quality of life and stimulate economic growth in the MMR.
Significant investment will be directed towards Mumbai 3.0 — KSC (Karnala-Sai-Chirner) New Town, which spans an area of 323.24 sq km.
This includes Special Planning Areas (SPAs) in the northern (1,006.76 sq.
km.) and southern (673.33 sq.
km.) regions of MMR.
The projects will encompass residential, commercial, and mixed-use developments, along with logistics parks, data centres, and global capability centres (GCCs).
The focus will also be on enhancing physical, digital, and social infrastructure.
According to MMRDA, this initiative will support Maharashtra's ambition to become a USD 1-trillion economy and contribute significantly to India's goal of achieving a USD 5-trillion economy within the next three to four years.
The MoU is projected to help achieve a USD 300-billion economy within MMR and create 3 million additional jobs by 2030.
Brookfield, headquartered in Toronto, is a global leader in alternative asset management, wealth solutions, and operating businesses.
The firm specializes in real estate, renewable energy, infrastructure, and business services.
This investment in MMR is a testament to Brookfield's commitment to sustainable and impactful development in high-growth regions.
The MMRDA, under the leadership of Dr.
Sanjay Mukherjee, has been proactive in attracting foreign investments and fostering economic development in the region.
The collaboration with Brookfield is expected to bring about a transformative change, making the MMR a premier economic hub in the coming years.
Frequently Asked Questions
What is the total investment Brookfield is making in the Mumbai Metropolitan Region?
Brookfield is investing USD 12 billion in the Mumbai Metropolitan Region.
What are the key focus areas of the MoU signed between MMRDA and Brookfield?
The key focus areas include metro projects, roads, bridges, urban infrastructure, real estate, Transit-Oriented Development (TOD), Land Value Capture opportunities, and sustainable blue and green infrastructure.
Who were the key figures present at the signing of the MoU?
Chief Minister Devendra Fadnavis, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, and Anuj Ranjan, the Chief Executive Officer (CEO) of Brookfield, were present at the signing.
What is the projected economic impact of this investment?
The investment is projected to help achieve a USD 300-billion economy within the Mumbai Metropolitan Region and create 3 million additional jobs by 2030.
What is Brookfield's primary focus in asset management?
Brookfield, headquartered in Toronto, is a global leader in alternative asset management, wealth solutions, and operating businesses, with a focus on real estate, renewable energy, infrastructure, and business services.
Related News Articles
Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
PCMC Contract Worker Arrested in Bribery Case: Water Inspector Remains at Large in Pune
In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real
Country Garden's Sales Decline Deepens in January, Adding to Troubles
Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.
Alt, the Holding Company for Property Share, to Raise Rs 2.8K Cr in New Funding
Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Good News! State Government Plans Cancer Hospital in Pune Amid Growing Patients
The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much