Union Cabinet Approves Thane Integral Ring Metro Rail Project
The Union Cabinet, led by PM Narendra Modi, has approved the Thane Integral Ring Metro Rail Project (IRMRP), a pivotal initiative set to transform urban mobility and real estate in Thane. The Maharashtra Metro Railway Corporation Limited (MMRCL) will oversee this first-of-its-kind greenfield project in the metropolitan region.
Scheduled to be operational by 2029, the Thane Ring Metro will establish a crucial link between Thane's residential and commercial areas, including Wagle Estate, Ghodbunder, Kolshet, and Saket, and both the new and old Thane railway stations. Additionally, the project will integrate with Mumbai and Kalyan through the ongoing metro lines 4 and 5. The 22 planned stations will include underground stations at the new and old Thane railway hubs, ensuring smooth connectivity with existing infrastructure.
Designed to carry up to 1,500 passengers per six-coach train, the metro will operate every 15 minutes, completing the loop within an hour. By 2045, daily ridership is expected to reach 8.72 lakh passengers, highlighting the project's importance for Thane's future transportation needs. The real estate sector has welcomed this development, recognizing its potential to significantly impact the region's growth and infrastructure.
Vedanshu Kedia, Director, Prescon Group, highlighted the project's broader impact: "The Union Cabinet's approval of the Thane Ring Metro Project marks a transformative milestone for the Thane real estate market. This project, with its strategic connectivity across key residential and commercial hubs is set to redefine urban mobility and catalyze significant growth in the region. The enhanced connectivity to Mumbai and Kalyan, along with the integration with existing metro lines, will not only improve accessibility but also elevate Thane's appeal as a preferred destination for homebuyers and investors alike. We anticipate that this development will spur demand for both residential and commercial properties, driving up property values and contributing to the overall economic prosperity of Thane."
