The Maharashtra Cabinet has approved a new land acquisition and allotment policy for the "Third Mumbai" project, located within the influence area of the Mumbai Trans Harbour Link (MTHL), also known as Atal Setu.

The policy aims to expedite urban development and investment in the Mumbai Metropolitan Region (MMR). This policy will be implemented by the New Town Development Authority and the Mumbai Metropolitan Region Development Authority (MMRDA) for projects in the Atal Setu influence zone. It is expected to facilitate planned urbanisation, attract industrial investment, and support the creation of logistics hubs, residential, commercial, and infrastructure developments.

The policy allows for land acquisition either through mutual consent under the Maharashtra Regional and Town Planning Act or through compensation under the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013. Chief Minister Devendra Fadnavis, who chaired the Cabinet meeting, emphasised that the decision would provide a clear framework for the project's execution.