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MMR 3.0: Korea Joins Hands with Mumbai to Build the Next-Generation Smart CityRoadmap to Double MMR’s GDP by 2030- Sectoral Opportunities & Challenges
MMR hopes to double its GDP by 2030, achieving a stronger and more competitive $300 billion urban economy.
This requires significant private investments, as well as the creation of millions of new jobs in new sectors.
Service as the Growth Driver
The objective is to become a global services hub.
Expansion to sectors like IT, fintech, banking, media, and global capability centers.
New job clusters being developed in Thane, Navi Mumbai, Kalyan, and Panvel.
Housing & Urban Upgrade
A larger push for affordable housing and redevelopment.
Goal: Ease pressures on South Mumbai and promote growth in the region.
New townships, as well as micro-cities, will be established to accommodate
Infrastructure as the Backbone
Massive upgrades to metro networks, expressways, rail corridors, and multimodal hubs.
Improved mobility → higher productivity, better connectivity, and new real estate hotspots.
Ports, Logistics & Manufacturing
Strengthened logistics chains through port modernisation, industrial parks, and warehousing zones.
Diversifies MMR beyond a finance-led economy.
Tourism & Lifestyle Economy
Development of coastal, heritage, and leisure circuits to improve tourism revenue and job creation.
Main Challenges
Mobilising private capital
Land + Environmental Constraints
Making sure the infrastructure keeps pace with economic growth
Why It Matters
MMR is in the midst of a rapid expansion phase—more jobs, better housing, increased connectivity, and increased economic opportunities.
Investment opportunity at Pune: Pune is a safe haven where one can expect appreciation along with good growth in
NRIs can buy residential and NA plots in the Pune district legally.
Top Investment Zones: Talegaon, Shirwal, Hinjewadi Phase 3, Pir
Always verify the sale deed, NA order, and 7/12 extract before purchasing a plot.
Prefer to stay in a gated environment with security arrangements.
Still have doubts? You can contact Genuine Plots for safe buying.
Eco-village concepts are popular for NRI weekend stays & retirement plans.
Ensure the project land type is NA-converted, not purely agricultural.
Check for amenities: solar, water, internal roads, security, and farming activities.
Look for RERA-registered eco-projects near major cities like Pune & Mumbai.
Still have doubts? You can contact Genuine Plots for safe buying.
NRIs cannot buy a farmhouse on agricultural land, but can buy:
Villa plots
NA farmhouse plots
Weekend home plots
Ensure the project is in the Residential/Agri-Residential/NA Zone.
Check for proper mutation entries and fencing.
Still have doubts? You can contact Genuine Plots for safe buying.
Telangana follows central FEMA rules—
NRIs cannot directly purchase agricultural land, plantation properties, or farmhouse plots.
Only resident Indian citizens are eligible to buy agricultural properties.
NRIs can inherit but cannot buy agricultural lands.
If you still want to have farmland, you should consider the 'Converted (NA)' or 'Farmhouse' plots because they are available for legal purchase.
Due diligence is essential because the titles, permits, and other regulations regarding the land should be checked.
Still have doubts? You can contact Genuine Plots for safe buying.
- What does the NA plot mean?
An NA plot means Non-Agricultural land — land legally permitted for non-farming purposes such as residential, commercial, or industrial use.
- What are the types of NA plots?
Common NA types include:
Residential NA (for homes)
Commercial NA
Industrial NA
Resort/Institutional NA
- Is NA approval mandatory before construction?
Yes, NA approval is required before constructing any building on the land.
- Who issues NA permission?
The local Collector Office or Town Planning Authority issues NA permission after verifying land records and zoning.
- Can an agricultural plot be converted into an NA plot?
Yes, landowners can apply for NA conversion by paying the required fees and meeting zoning conditions.
- Is buying an NA plot safer than agricultural land?
Generally, yes, because NA plots have clear permissions for construction, reducing legal risks.
For legally verified deals and stress-free transactions, contact Genuine Plots.
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