Mumbai Metropolitan Region to contribute ₹1.7 lakh crore to Maharashtra’s economy by 2047: Shrikant Shinde
The Mumbai Metropolitan Region (MMR) is projected to contribute ₹1.7 lakh crore to Maharashtra's economy by 2047, according to local officials. Key initiatives include a 377-km metro network and a housing plan aimed at slum rehabilitation. Additional infrastructure projects are expected to create jobs and improve connectivity within the region.
- ▪The MMR has received around ₹4 lakh crore in funding for development projects.
- ▪A 377-km metro network will be the largest of its kind in the world.
- ▪Mumbai aims to build five lakh rehabilitation houses for slum dwellers by 2030.
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Lok Sabha MP Shrikant Shinde, Mumbai Suburban Guardian Minister Ashish Shelar, and Mahendra Kalyankar, CEO of the Slum Rehabilitation Authority (SRA), presented a set of proposals for the Mumbai Metropolitan Region (MMR) on Friday (May 22, 2026). They said the region would contribute ₹1.7 lakh crore to Maharashtra’s economy by 2047, driven by decentralisation, a 377-km metro network, and a housing plan that targets slum dwellers with 300 square feet rehabilitation units.Speaking at a panel on the expanding metropolis during The Hindu Maharashtra Infrastructure Conclave, Mr. Shinde said MMR has received around ₹4 lakh crore in funds. Data centres and logistics hubs in Navi Mumbai, along with a port at Vadhavan, would create jobs and reduce the pressure on Mumbai, he added.
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