Source: https://www.realtynmore.com/union-cabinet-approves-thane-ring-metro-project-set-to-transform-the-regions-realty-landscape/
Publisher: Reality & More
The Union Cabinet has given the green light to the Thane Integral Ring Metro Rail Project (IRMRP), a crucial development poised to revolutionize urban mobility and real estate in Thane. The Maharashtra Metro Railway Corporation Limited (MMRCL) will spearhead this project, marking its first greenfield venture in the metropolitan region.
Scheduled to commence operations by 2029, the Thane Ring Metro will create a vital link between Thane’s remote residential and commercial hubs — Wagle Estate, Ghodbunder, Kolshet, and Saket — and both the new and old Thane railway stations. The project will also connect with Mumbai and Kalyan through the ongoing metro lines 4 and 5. Out of the 22 stations planned, the new and old Thane railway stations will be constructed underground, ensuring seamless integration with the existing urban infrastructure.
With the capacity to carry 1,500 passengers per six-coach rake, the metro is expected to operate every 15 minutes, completing a full loop within an hour. By 2045, the daily ridership on this corridor is projected to reach 8.72 lakh passengers, underscoring the project’s significance for the future of Thane’s urban transportation.
The real estate industry has responded enthusiastically to this development, recognizing the potential for a transformative impact on the region.
