Thane Ring Metro Set to Revolutionize Connectivity and Real Estate
The Union Cabinet's approval of the Thane Integral Ring Metro Rail Project is expected to significantly enhance urban mobility and real estate in Thane, driving growth in property values and investment opportunities.
Thane Ring MetroReal EstateUrban MobilityConnectivityProperty ValuesReal Estate MumbaiAug 22, 2024
Slated to begin operations by 2029, the Thane Ring Metro will establish crucial connections between Thane's outlying residential and commercial areas - Wagle Estate, Ghodbunder, Kolshet, and Saket - and both the new and old Thane railway stations. Additionally, it will link with Mumbai and Kalyan via the ongoing metro lines 4 and 5. Of the 22 planned stations, the new and old Thane railway stations will be constructed underground to ensure smooth integration with the existing urban infrastructure.
With each six-coach train accommodating 1,500 passengers and running every 15 minutes, the metro will complete a full loop in about an hour. By 2045, daily ridership on this route is expected to reach 8.72 lakh passengers, highlighting the project's importance for Thane's future transportation network. The real estate sector has welcomed this development with enthusiasm, expecting significant changes and opportunities in the region.
Industry leaders have praised the project, anticipating a surge in demand for residential and commercial spaces. Mr. Vedanshu Kedia, Director, Prescon Group, said, \
Frequently Asked Questions
What is the Thane Integral Ring Metro Rail Project?
The Thane Integral Ring Metro Rail Project is a metro rail project that aims to improve urban mobility and connectivity in Thane.
Who is overseeing the Thane Integral Ring Metro Rail Project?
The Maharashtra Metro Railway Corporation Limited (MMRCL) is overseeing the Thane Integral Ring Metro Rail Project.
What is the expected completion date of the Thane Ring Metro project?
The Thane Ring Metro project is expected to begin operations by 2029.
How many stations are planned for the Thane Ring Metro project?
22 stations are planned for the Thane Ring Metro project.
What is the expected daily ridership on the Thane Ring Metro project by 2045?
The expected daily ridership on the Thane Ring Metro project by 2045 is 8.72 lakh passengers.
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