Third Mumbai: A New City in Raigad to Boost Maharashtra’s Economy

Maharashtra Chief Minister Devendra Fadnavis has unveiled plans for 'Third Mumbai,' a major new city in Raigad district. This ambitious project aims to expand the Mumbai Metropolitan Region by integrating international universities, medical colleges, and advanced technology hubs.

Third MumbaiRaigadMaharashtraReal EstateInfrastructureReal Estate MaharashtraAug 19, 2025

Third Mumbai: A New City in Raigad to Boost Maharashtra’s Economy
Real Estate Maharashtra:Maharashtra Chief Minister Devendra Fadnavis recently announced 'Third Mumbai,' a major new city planned for Raigad district. The announcement was made at the launch of Goldman Sachs's new Worli office. The vision is to expand the Mumbai Metropolitan Region by creating a hub for international universities, medical colleges, and cutting-edge technology, including quantum computing and AI. This new city is expected to become a magnet for talent and innovation, drawing professionals and scholars from around the world.

This city is set to handle 60% of the region's data center capacity, aiming to significantly reduce real estate costs and help retain top talent in Maharashtra. Major infrastructure projects like the Coastal Road, Atal Setu, and Worli-Sewri Link Road will ensure seamless connectivity to existing urban areas. These projects are designed to enhance the region's infrastructure and make it more attractive for businesses and residents alike.

Fadnavis emphasized that public-private partnerships will play a crucial role in accelerating the development of 'Third Mumbai.' By leveraging these partnerships, the government aims to ensure that businesses are not pushed out by high costs. The Chief Minister is optimistic that this initiative will attract fresh investments and create numerous job opportunities for the local population.

The new city is expected to become a model of sustainable urban development, incorporating green technologies and smart city solutions. This will not only improve the quality of life for residents but also position Maharashtra as a leader in urban planning and innovation. The integration of international universities and medical colleges will further enhance the region's educational and healthcare landscape, making it an attractive destination for students and professionals.

In conclusion, 'Third Mumbai' represents a significant step forward in Maharashtra's development strategy. By focusing on infrastructure, technology, and public-private collaboration, the government aims to create a vibrant and sustainable city that will contribute to the state's economic growth and global competitiveness.

Frequently Asked Questions

What is 'Third Mumbai'?

'Third Mumbai' is a major new city planned for Raigad district in Maharashtra. It aims to expand the Mumbai Metropolitan Region with international universities, medical colleges, and advanced technology hubs.

What are the key infrastructure projects for 'Third Mumbai'?

Key infrastructure projects include the Coastal Road, Atal Setu, and Worli-Sewri Link Road, which will ensure seamless connectivity to existing urban areas.

How will 'Third Mumbai' benefit the local economy?

'Third Mumbai' is expected to reduce real estate costs, attract fresh investments, and create numerous job opportunities for the local population, thereby boosting the local economy.

What role will public-private partnerships play in the development of 'Third Mumbai'?

Public-private partnerships will be crucial in accelerating the development of 'Third Mumbai' by ensuring that businesses are not pushed out by high costs and by leveraging private sector expertise and resources.

What is the expected impact of 'Third Mumbai' on the region's data center capacity?

'Third Mumbai' is set to handle 60% of the region's data center capacity, which will significantly enhance the region's technological infrastructure and attract tech companies and talent.

Related News Articles

Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
Real Estate Mumbai

Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers

As Mumbai continues to grow

May 30, 2024
Read Article
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
real estate news

Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally

Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.

June 29, 2024
Read Article
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
real estate news

Affordable Housing Supply Dries Up as Builders Focus on Premium Projects

The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.

July 15, 2024
Read Article
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Real Estate Mumbai

Priyanka Chopra's Real Estate Empire: A Peek into Her Investments

Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.

July 18, 2024
Read Article
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Real Estate Mumbai

Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai

Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.

March 7, 2025
Read Article
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
Real Estate

Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO

A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).

March 7, 2025
Read Article