With the green light signal from the Union Cabinet, the Thane Integral Ring Metro Rail Project (IRMRP) is set to boost connectivity and transform the real estate landscape in Thane. This pioneering initiative is undertaken by the Maharashtra Metro Railway Corporation (MMRCL), cementing this as its inaugural greenfield endeavour in the metropolitan region.
For Thane citizens, the Thane Ring Metro signifies economical commute, reduced travel-time, and faster connectivity between distant residential and commercial hubs and the old and new Thane railway stations. The 29-kilometre loop covers 22 stations, key stops being Wagle Estate, Ghodbunder, Kolshet, and Saket. From the 22 stations, the new and old Thane railway stations will be constructed underground for seamless integration with the current infrastructure while the rest will be elevated. Scheduled to be operational in 2029, the Thane Ring Metro will also provide links to Mumbai and Kalyan via metro lines 4 and 5, ensuring an easier, faster, and more convenient commute for citizens.
With a capacity of 1,500 passengers per 6-coach rakes, operations are planned at 15-minute intervals in both directions, leading to complete an hour’s loop. The capacity and frequency, projected at 8.72 lakh daily passengers by 2045, denotes increased accessibility, mobility, and development. This landmark project opens avenues for commercial hubs, development, and real estate projects in Thane.
The Thane Ring Metro points to a transformational shift in the real estate and developmental architecture of Thane. It catapults Thane as a prime destination due to the expansive connectivity, accessibility, and booming development. Areas around the proposed metro stations will be key places to witness dramatic growth in commercial spaces and residential apartments in Thane. With the surge in development, it is natural for the values of property in Thane to rise. This is the peak time for investors, businesses, and homebuyers to take advantage of the Thane Ring Metro’s impact. The developmental and economic viability of Thane is set to increase dramatically, and the real estate market is primed to witness an upswing. Ongoing projects in Thane are favourable investments as the metropolitan’s infrastructure expands and develops as a central hub. For instance, the upcoming Wagle Circle station, located just outside Ace Signature IT Park, offers investment opportunities starting from 69 lakhs, making it a noteworthy option. With the metro’s connectivity to Mumbai and Kalyan, along with its linkage of remote stations, it elevates Thane’s appeal as an emerging residential and commercial destination hub. For homebuyers and real estate developers, the best time to invest in and buy property in Thane is now.
