Mumbai's 15.8-Acre Worli Dairy Land to Transform into Commercial-Financial Hub
The Mumbai Metropolitan Region Development Authority (MMRDA) has been granted full ownership and development rights for the 15.8-acre Worli Dairy land, set to become a commercial-financial hub in Mumbai.
Mumbai Real EstateWorli Dairy LandMmrdaCommercialfinancial HubRedevelopmentReal Estate NewsSep 28, 2025
Full Ownership and Development Rights
The government's decision grants Class 1 occupancy rights under the Maharashtra Land Revenue Code, making MMRDA the sole owner of the land. This means that MMRDA will not need additional approvals from the government for development rights and the disposal of plots, streamlining the development process.
Precedent of Metro-Related Land Sale
Earlier this month, a 4.16-acre plot in Nariman Point, allocated to Mumbai Metro Rail Corporation (MMRC), was sold to the Reserve Bank of India (RBI) for Rs 3,471.82 crore. This sale has set a precedent and is expected to generate significant funds for MMRDA, which is reportedly facing a financial crunch while building the metro network across the Mumbai Metropolitan Region (MMR).
Public Consultation and Previous Plans
A notification inviting suggestions and objections from the public was issued on Thursday. The project is part of a larger plan to position MMR as a global economic hub, generating employment opportunities. The earlier Maha Vikas Aghadi (MVA) government had envisioned an exhibition centre, marine research institute, aquarium, and residential quarters for dairy department staff on the same plot. These plans may now be dropped to make way for the new commercial-financial hub.
MMRDA as Special Planning Authority
As the Special Planning Authority (SPA), MMRDA will have the authority to decide plot allocations, issue development permissions and NOCs, and draft the development plan for the area. This comprehensive role ensures that the redevelopment will be well-coordinated and aligned with the broader goals of the region.
The transformation of the Worli Dairy land into a commercial-financial hub is a significant step towards enhancing Mumbai's status as a major economic center. It is expected to attract investments, create jobs, and boost the local economy, making it a win-win situation for both the government and the citizens of Mumbai.
Frequently Asked Questions
What is the size of the Worli Dairy land being redeveloped?
The Worli Dairy land being redeveloped is 15.8 acres in size.
Who will be responsible for the redevelopment of the Worli Dairy land?
The Mumbai Metropolitan Region Development Authority (MMRDA) will be responsible for the redevelopment of the Worli Dairy land.
What are the development rights granted to MMRDA for the Worli Dairy land?
MMRDA has been granted Class 1 occupancy rights under the Maharashtra Land Revenue Code, making it the sole owner with full development rights and the ability to dispose of plots without additional government approvals.
What is the expected impact of the Worli Dairy land redevelopment on the local economy?
The redevelopment is expected to generate significant funds for MMRDA, attract investments, create jobs, and boost the local economy, positioning Mumbai as a major economic center.
What was the previous plan for the Worli Dairy land?
The previous plan for the Worli Dairy land included an exhibition center, marine research institute, aquarium, and residential quarters for dairy department staff. These plans may now be dropped to make way for the new commercial-financial hub.
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