Five prestigious foreign universities are establishing campuses in Navi Mumbai's Education City by 2027, transforming the region into Mumbai 3.0's knowledge hub while creating unprecedented real estate investment opportunities.

Maharashtra's educational landscape is about to undergo a historic transformation. Chief Minister Devendra Fadnavis has announced that five prestigious international universities - three top-50 ranked U.S. institutions plus one each from the U.K. and Australia will establish campuses in Navi Mumbai.

The Indian Institute of Management (IIM) Mumbai, founded last year in Powai, will undergo a comprehensive renovation. An INR 800 crore ($100 million) makeover of the institute's 64-acre campus is planned.