The Brihanmumbai Municipal Corporation (BMC) revealed its annual budget for 2026-27, proposing various measures to finance development projects. In a significant move post a political shift, BMC plans to use fixed deposits amounting to Rs 36,623.09 crore for infrastructure projects. Additionally, the corporation aims to raise funds through Green Bonds, entertainment tax, hawker regulation, and advertisement policy.
The BMC intends to issue ‘Green Bonds’ worth Rs 1,000 crore to attract investors for eco-friendly infrastructure, potentially receiving a Rs 100 crore central subsidy. To declutter the city, hoardings larger than 40×40 feet are banned under the new advertisement policy. Moreover, the corporation plans to reintroduce entertainment tax from October 2026, alongside launching QR code-based identity certificates for licensed hawkers.
The budget emphasizes enhancing Mumbai’s infrastructure, with a substantial allocation of Rs 9,650 crore for bridge works. Notably, ongoing bridge projects include 101 in progress, 24 completed, 23 expected to finish by March 2026, 31 in 2026-27, and the remaining 23 by 2028-29. Furthermore, funds of Rs 4,000 crore are set aside for the Versova-Dahisar stretch (Phase 2) and Rs 2,650 crore for the Goregaon-Mulund Link Road (GMLR) project.
For the health department, BMC earmarked Rs 7,456.40 crore, with an additional Rs 1,062 crore allocated for the redevelopment and modernization of key facilities. The corporation plans to establish on-street and off-street parking through Public-Private Partnership (PPP) models, with an allocation of Rs 6,875 crore. Lastly, a green belt and park development on 53 hectares of land near the Mumbai Coastal Road is planned, with a budget provision of Rs 950 crore.
