Brookfield's $12 Billion Investment to Transform Mumbai Metropolitan Region into a Global Hub
Brookfield signs MoU with MMRDA for transformative infrastructure projects, aiming to turn Mumbai 3.0 into a global economic powerhouse.
BrookfieldMmrdaMumbai 30InfrastructureFdiReal Estate MumbaiJan 29, 2025
This collaboration will bring in a foreign direct investment (FDI) of US$ 12 billion (approximately Rs 1,03,800 crore) to transform the Mumbai Metropolitan Region (MMR) into a global economic hub within the next 5-7 years.
The agreement, signed in the presence of Anuj Ranjan, CEO of Brookfield, was formalized recently at the World Economic Forum’s annual summit in Davos.
This investment is part of the larger US$ 40 billion in MoUs signed by MMRDA, reflecting the region's strategic importance and potential for growth.
Focus on Comprehensive DevelopmentThe collaboration will focus on several key areas to enhance the region's infrastructure and economic landscape
1.
Metro Projects Development and expansion of the existing metro network to improve public transportation and reduce traffic congestion.2.
Roads and Bridges Construction and modernization of road networks and bridges to ensure better connectivity and reduce travel time.3.
Urban Infrastructure Upgrading urban infrastructure, including water supply, sanitation, and waste management systems.4.
Real Estate Development of residential, commercial, and mixed-use properties to meet the growing demand for housing and business spaces.5.
Transit-Oriented Development (TOD) Creating integrated communities around transit hubs to promote sustainable living.6.
Land Value Capture Implementing strategies to leverage the increased value of land due to infrastructure improvements.7.
Sustainable Blue and Green Infrastructure Investing in environmentally friendly projects to ensure long-term sustainability.
Key Projects and RegionsA substantial portion of the investment will be directed towards the Mumbai 3.0 (KSC new town) project, which spans 323.24 square kilometers.
This initiative will include
- Residential, commercial, and mixed-use developments.- Logistics parks, data centers, and global capability centers (GCCs).- Enhancements to physical, digital, and social infrastructure.
Additionally, special planning areas (SPAs) in the northern (1,006.76 sq.
km.) and southern (673.33 sq.
km.) regions of MMR will also benefit from this investment.
Economic ImpactThis transformative initiative is expected to make a significant contribution to Maharashtra’s goal of becoming a US$ 1 trillion economy.
It will also support India’s broader ambition to achieve a US$ 5 trillion economy within the next 3-4 years.
The MoU is projected to help achieve a US$ 300 billion economy within MMR and create 3 million additional jobs by 2030, thereby enhancing the region’s economic and social well-being.
About BrookfieldBrookfield is a leading global investment firm with a strong presence in real estate, infrastructure, renewable energy, and private equity.
The firm’s expertise in large-scale projects and its commitment to sustainable development align well with the objectives of the Mumbai 3.0 project.
Future OutlookThe collaboration between MMRDA and Brookfield marks a significant step towards transforming Mumbai into a global economic hub.
With a focus on comprehensive and sustainable development, the region is poised to attract more investment, create jobs, and improve the quality of life for its residents.
Frequently Asked Questions
How much is Brookfield investing in the Mumbai Metropolitan Region?
Brookfield is investing US$ 12 billion (approximately Rs 1,03,800 crore) in the Mumbai Metropolitan Region (MMR).
What are the key areas of focus for this investment?
The key areas of focus include Metro projects, roads and bridges, urban infrastructure, real estate, transit-oriented development, land value capture, and sustainable blue and green infrastructure.
What is the Mumbai 3.0 project?
Mumbai 3.0 is a new town project spanning 323.24 square kilometers, focusing on residential, commercial, and mixed-use developments, along with logistics parks, data centers, and global capability centers (GCCs).
What economic goals does this investment support?
This investment supports Maharashtra’s goal of becoming a US$ 1 trillion economy and India’s broader ambition to achieve a US$ 5 trillion economy within the next 3-4 years. It aims to create a US$ 300 billion economy within MMR and 3 million additional jobs by 2030.
Who is Brookfield and what is their role in this project?
Brookfield is a leading global investment firm with expertise in real estate, infrastructure, renewable energy, and private equity. Their role is to provide the necessary investment and strategic guidance to transform the Mumbai Metropolitan Region into a global economic hub.
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