The Maharashtra government has cleared the redevelopment of the 15.8-acre Worli Dairy land in Mumbai, paving the way for a world-class commercial-financial hub.

The land, earlier reserved for the dairy development department, will now be transferred to the Mumbai Metropolitan Region Development Authority (MMRDA) for large-scale development. The project, which will also include residential and recreational spaces, aligns with the state’s vision of positioning the Mumbai Metropolitan Region (MMR) as a global economic hub.

Under the Maharashtra Land Revenue Code, MMRDA has been granted Class 1 occupancy rights, making it the sole owner with complete authority over planning, plot allocation, and permissions. Officials expect the redevelopment to generate crucial funds for MMRDA, currently under financial stress while executing metro projects across Mumbai.