Mumbai, Feb 4 (UNI) The Brihanmumbai Municipal Corporation (BMC) has unveiled its budget for the financial year 2025-26, with a total outlay of Rs 74,427 crore, marking a 14.19% increase over the revised budget of Rs 65,180 crore for FY 2024-25.
For the current fiscal year, the BMC has projected total revenue earnings of Rs 40,693 crore by March 31, 2025, with Rs 28,308 crore already earned as of December.
For the upcoming fiscal year, property tax revenue is projected at Rs 5,200 crore, a key source of municipal funding. To meet the financial requirements of ongoing and new projects, the BMC has raised funds through an internal temporary transfer of Rs 16,699 crore.
Out of the total budget, Rs 43,162.23 crore is earmarked for developmental projects, reinforcing the civic body’s commitment to infrastructure and urban development.
Major infrastructure initiatives continue to receive substantial funding. The Mumbai Coastal Road project, the upgradation of seven Sewage Treatment Plants (STPs), and the Goregaon-Mulund Link Road, along with other large-scale infrastructure projects, have been allocated Rs 13,310 crore.
Additionally, Rs 5,100 crore has been set aside for the construction and maintenance of Mumbai’s road network, while Rs 1,980 crore has been allocated for the construction and upkeep of bridges and flyovers across the city.
While the concretisation project accounts for a lion’s share of the road department’s estimates, the civic body has also proposed a new ‘Universal Footpath policy’ to enhance walkability in Mumbai.
Rs 3,111 crore have been allocated for road concretisation in Mumbai for FY 2025-26. As on April 1, 2025, balance work worth Rs 17,733 crore is pending in Mumbai.
After multiple unsuccessful attempts by agencies like MMRDA and MSRDC to build the Mumbai Eye, the Brihanmumbai Municipal Corporation (BMC) has now announced its intention to undertake the project.
In its budget, the BMC has proposed constructing the ‘Mumbai Eye’ inspired by the ‘London Eye’—at a suitable location under the Public-Private Partnership (PPP) model.
The BMC remains financially strong, with its fixed deposits currently standing at Rs 81,000 crore. This financial stability allows the civic body to continue investing in critical urban infrastructure while maintaining fiscal discipline.
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