BMC Budget 2025-26: Mumbai’s Richest Civic Body Unveils ₹74,427 Crore Budget
The Brihanmumbai Municipal Corporation (BMC), India’s wealthiest civic body, presented its budget for the financial year 2025-26 on February 5, 2025. The budget, amounting to ₹74,427.41 crore, marks a 14% increase from the revised estimate of ₹65,180.79 crore in 2024-25.
BMC Budget 2025-26
- No New Taxes: BMC commissioner Bushan Gagrani did not introduce any new taxes but indicated that the civic body is exploring Solid Waste Management (SWM) user charges.
- Infrastructure Focus: The budget prioritizes major infrastructure projects, including:
- Capital Expenditure: Increased from ₹22,787.16 crore in 2024-25 to ₹26,355.74 crore in 2025-26.
- Revenue Expenditure: Revised from ₹28,763.94 crore in 2024-25 to ₹31,204.53 crore in 2025-26.
- Revenue Generation Strategies:
- Increased share in premium for additional FSI from 25% to 50%, generating ₹300 crore.
- Vacant land tenancy policy, expected to yield ₹2,000 crore over four years.
- Property tax collection from commercial units in slums, projected to generate ₹350 crore.
- Development of a transportation and commercial hub at Dahisar check naka.
BMC Budget 2025-26 Highlights
- Water & Sewerage Charges: ₹2363.15 crore proposed for FY 2025-26.
- Interest on Investment: ₹2283.89 crore proposed for FY 2025-26.
- Fire Brigade Revenue: ₹759.18 crore proposed for FY 2025-26.
- BMC Plots Auction: Policy decision to auction BMC plots under 100% Annual Statement of Rates (ASR) to generate revenue.
- Roads & Traffic Department: ₹4111.51 crore in RE 2024-25 and ₹5100 crore in BE 2025-26.
- Health Department: ₹5207.70 crore under Revenue Budget and ₹2172.73 crore under Capital Budget in BE 2025-26.
- Education Department: ₹3544.34 crore under Revenue Budget and ₹411.30 crore under Capital Budget in BE 2025-26.
- Environment Department: ₹113.18 crore proposed in BE 2025-26.
- Disaster Management Department: ₹309 crore proposed in BE 2025-26.
- Security Department: ₹18.21 crore proposed in BE 2025-26.
- AI-based CCTV Installation: High-tech AI CCTV system for BMC Security Force at Ward Offices, Major & Peripheral Hospitals.
BMC’s Focus on Financial Stability
The budget document highlighted the need to restructure financial resources and explore new revenue avenues. With Mumbai’s rapid development, ensuring financial sustainability without hampering city growth remains a top priority.
BMC is also developing a centralized property information system to digitize records, integrate with GIS systems, and facilitate real-time asset management. Additionally, municipal plots will be utilized under the Public-Private Partnership (PPP) model to maximize revenue generation.
Conclusion
The BMC’s ₹74,427 crore budget for 2025-26 reflects a strong commitment to Mumbai’s infrastructural development and financial sustainability. With strategic revenue enhancements, digital transformation, and an emphasis on urban planning, the civic body is set to reshape Mumbai’s future.
For more updates on Mumbai’s real estate and infrastructure developments, stay tuned!
Posted by houzyy news desk on Feb. 5, 2025
