Mumbai, February 25 The Mumbai municipal body announced on Wednesday that Rs 36,623.09 crore from its fixed deposits will be used to fund critical infrastructure projects across the city under the 2026-27 budget.
The Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrani presented a budget of Rs 80,952.56 crore, marking an 8.77 per cent increase over the 2025-26 estimate of Rs 74,427.41 crore for India's richest municipal body.
The municipal body's total fixed deposits stand at Rs 81,449.32 crore. Of this, Rs 44,826.23 crore is allocated for long-term liabilities such as pension funds and contractor security deposits, while Rs 36,623.09 crore has been identified for key infrastructure projects under an ambitious urban transformation plan.
The budget represents an 8.77 per cent increase over the previous year's estimates. The BMC is also exploring the possibility of raising funds through municipal bonds for the first time, particularly for water supply projects such as the Gargai dam.
Under "Mega Mumbai Makeover", the BMC has allocated capital expenditure of Rs 48,164.28 crore, which accounts for nearly 60 per cent of the total outlay. This represents a 11.59 per cent increase over the revised estimates for the current financial year.
Major allocations include Rs 4,000 crore for the Versova-Dahisar stretch of the Mumbai Coastal Road (North), Rs 5,690 crore for the modernization of sewage treatment plants, and Rs 5,520.48 crore for the ongoing road concretisation project.
The Goregaon-Mulund Link Road project has been allocated Rs 2,650 crore. For water security, Rs 6,475 crore has been proposed, including Rs 500 crore for the Manori desalination plant and Rs 437.51 crore for the Gargai project.
The municipal body has also earmarked Rs 7,456.80 crore for the healthcare sector, focusing on the completion of several multi-speciality and peripheral hospitals by 2026-27.
