India, Feb. 17 -- The Mumbai Metropolitan Region Development Authority (MMRDA) on Monday presented its highest-ever budget, Rs.48,072.57 crore, for financial year 2026-27, with an increased focus on infrastructure and transport projects. Rs.4,000 crore has been allocated for Karnala-Sai-Chirner (KSC) Town, the name officially given to 'Third Mumbai' last year-this allocation marks the operationalisation of MMR's next urban frontier designed to decongest Mumbai, attract global capital, and create structured employment.

Of the total proposed expenditure, 87.42% or Rs.42,026.14 crore has been earmarked for infra projects such as the expansion of Metro rail works, underground road tunnels and large-scale regional connectivity projects across...