The Thane Municipal Corporation (TMC) has scrapped plans to construct a light rail system in the city. The TMC has decided to build a typical Thane metro system. During a general meeting of the TMC’s body in September 2021, the TMC accepted a new plan.

This is all the information you need to know about Thane Metro. Metro project in Thane

Although Line-4 of the Mumbai Metro’s 32.32-kilometer elevated route goes through 32 stops from Kasarvadavali near Thane in the north MMR to Wadala in the south, the TMC plans to build an internal metro system to link the city’s various areas.

The TMC had originally proposed an internal metro to connect the various areas of Thane up to Mumbai Metro Line-4, however the government later requested that the light rail system be built instead. The proposal was made after considering the Thane Metro project’s economic feasibility and efficiency.

According to the TMC, Given Thane’s fast expanding population, a classic metro system is more suited than an express train system. Furthermore, connecting a light rail system to a metro line will be impossible.

Metro stations in Thane

The initial Detailed Project Report (DPR) had 22 metro stations for a total distance of 29 kilometres. The inner Thane Metro will connect to the Wadala, Kasarvadavli Metro at two places in the future: New Thane station and Dongripada. At Majiwada intersection, it would also link Mumbai Metro Line-5 (Thane-Bhiwandi-Kalyan).

Metro ridership in Thane

According to TMC projections from 2019, Thane Metro has a predicted daily traffic of 5.76 million people, with peak-hour ridership of about 23,000 persons, according to TMC estimates from 2019.

The cost of the Thane Metro project

According to the initial proposal, the Thane Metro, to be built at a cost of 10,000 crores, would see the federal government and Maharashtra government partnering to pay approximately 33% of the project’s cost, with the balance being covered by the TMC using low-rate loans.

Ticket prices for the Thane Metro

The usage of the subway The Thane Metro is estimated to cost between 104 and 108 rupees. For the first 2 kilometres, the fee would be Rs 17, and for more than 31 kilometres, the cost will be Rs 104.

Timeline for the Thane Metro’s construction

It would take roughly five years for the Thane Metro to become fully operational after the national government and the Maharashtra government have given their final permission. The Thane Metro was projected to be operational in 2025, according to the DPR submitted by Maharashtra’s government in 2019.

The influence of the Thane Metro on real estate

Property owners and tenants in Mumbai’s densely populated areas near key corporate hubs have been searching for larger and more expensive homes in the aftermath of the COVID-19 epidemic’s “work-from-home” scenario. This has resulted in a significant increase in real estate demand in Thane, a strategically located zone inside the Mumbai Metropolitan Region, during the previous year (MMR).

Buyers of houses in the region will soon be able to purchase larger and nicer residences in places that will be connected to Mumbai through metro line 4. Thane real estate has benefited from the growing popularity of working from home.

Because of the proposed Thane Metro and the planned Thane Metro, demand for property in Thane may increase as a result of increased connectivity, resulting in a rise in Thane property prices.

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