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The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking a state government guarantee to issue bonds worth ₹14,000 crore to fund infrastructure projects. An initial tranche of ₹1,400 crore will assess demand. Approved to raise up to ₹50,000 crore, these bonds will be secured by land assets and backed by a state guarantee, ensuring robust investor confidence. With limited land sales at the Bandra-Kurla Complex, MMRDA is pivoting to bond issuance for future funding. The bonds, with a 50-year tenure, aim to enhance mobility, housing, and essential services in Mumbai's densely populated region.