All You Need to Know About Thane Integral Ring Road Metro

Thane is on the cusp of a major infrastructure development with the upcoming Thane Integral Ring Road Metro. It is a 29-km metro to be built in Thane. The mass rapid transit system project will be executed by MahaMetro or Maharashtra Metro Rail Corporation Limited. 

The Central Government approved this project in August 2024. This project will improve urban mobility and ease traffic congestion within the city. Read this blog to get more information about this project, its current status and its impact on real estate.

About the Project

The overall cost of this project is INR 12,200 crores. The Government of India and Maharashtra State Government will share this cost equally along with a part of the funding from bilateral agencies. 

The 29-km route will cover the west side of Thane city and will have 22 stations. 20 stations will be elevated and 2 will be underground. The carshed of this metro line will be built in Wadavli. 

This project has been in the planning stage for several years now. Thane Municipal Corporation was planning this metro project, however, it has now been transferred to Maha Metro for execution.

Current Status of Thane Ring Road Metro

The Central Government approved this project in August 2024. According to a report2, post the approval, the MahaMetro appointed an agency to conduct the soil stability test. The agency named “Renuka Consultants” will assess geological conditions, including soil and rock types, to guide the design of piers and determine the maximum depth for laying underground tubes. The study will also address the challenge of identifying existing utility lines beneath the surface.

PM Modi formally laid the foundation stone of this project on 5th October 2024. The project is expected to be completed by 2029.

How Will This Ring Road Metro Benefit Thanekars?

The metro rail route traverses through some of the busiest areas in Thane such as Thane Station and Teen hath Naka. It also cuts through the key commercial and residential areas such as Wagle estate, Kolshet, Balkum, Rabodi, Manpada, etc. This metro route will benefit thousands of daily commuters, especially employees who travel to these areas and students who have to travel within Thane. This travel will be fast, hassle-free and economical. 

This metro line will also have links to Metro Line 4, Green Line and Metro Line 5, Orange line. Once operational in 2029, the project is expected to have a daily ridership of 6.47 lakh passengers. This daily ridership is estimated to further increase to 7.61 lakh in 2035.

Impact on Real Estate

The Thane Metro will surely be a game changer for the city’s infrastructure and real estate landscape. The project may positively influence the property prices in the entire Thane region. It will increase the desirability of Thane as a residential and commercial hub

Areas like LBS road, Wagle Estate, Kolshet, Ghodbunder road are likely to see a spike in demand for both residential and commercial property. The boost in connectivity may also attract a multitude of MSMEs, corporates and startups looking to establish a presence in Thane, improving the city’s economic value.

Thane Metro’s Impact on Real Estate

The Thane Integrated Ring Road Metro will be another feather in the cap for the developing city of Thane. It will be one of the key infrastructure projects in the MMR region. As this metro line will have links to the Green & Orange line, it will facilitate quick connectivity from central suburbs of Mumbai to farthest regions of Thane like Kolshet and Rabodi.