India, Feb. 11 -- The Maharashtra cabinet on Tuesday approved a comprehensive land acquisition and allotment policy that will apply to all projects to be implemented by the New Town Development Authority for the Third Mumbai project.

The policy will provide clear direction for planned urbanisation, industrial investment, logistics, residential-commercial projects, and infrastructure development in the Atal Setu influence area, where Third Mumbai is being developed, officials said..

The policy will also apply to future projects executed by the Mumbai Metropolitan Region Development Authority (MMRDA).

For the Third Mumbai project, land will be acquired via mutual consent agreements under section 126 (1) of the Maharashtra Regional and To...