Maharashtra has signed agreements with Singapore-based Mapletree and Surbana Jurong to accelerate the development of Mumbai 3.0, a planned new urban growth centre in the Mumbai Metropolitan Region.

The partnerships are expected to bring foreign investment, global planning expertise and modern infrastructure to the Raigad-Pen region. Under the agreement with Raigad Pen Growth Center Limited, Mapletree is set to invest more than $1.1 billion in foreign direct investment to develop a 100-acre mixed-use project within the Raigad-Pen Growth Center.

The development is expected to include a combination of commercial, residential and other urban facilities.

Surbana Jurong, meanwhile, will take on the role of Project Management Consultant for the growth centre. The Singapore-based firm will be involved in areas such as project execution, engineering design, quality control and compliance. It has already prepared the vision, master plan and infrastructure framework for the region.

The broader Mumbai 3.0 plan covers around 324 sq km and is designed to guide land use, transport networks, housing, industrial areas and civic infrastructure. The project is expected to benefit from major connectivity projects including the Navi Mumbai International Airport and Atal Setu, which are improving access to the Raigad belt.

The latest agreements build on MoUs signed during the World Economic Forum in Davos in January 2026. Maharashtra is increasingly looking towards international partnerships to support large-scale urban development and attract private investment into the Mumbai Metropolitan Region.

For the state, Mumbai 3.0 is more than a real estate project. The long-term vision is to create a new economic centre that can support industrial growth, employment, housing and modern urban infrastructure as Mumbai and Navi Mumbai continue to expand.

With Mapletree bringing significant capital and Surbana Jurong providing international planning and project expertise, the latest agreements mark an important step in moving Mumbai 3.0 from planning towards implementation.

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