Thane Metro Rail project to provide city with its own internal metro

[ecis2016.org] Here is all you need to know about the Thane Metro project

The Thane Municipal Corporation (TMC) has scrapped its proposal to develop a light rail transit system in the city and decided to build a conventional Thane metro rail system. The TMC approved a new proposal in mid-September 2021, during its general body meeting.

You are reading: Thane Metro Rail project to provide city with its own internal metro

Although the Line-4 of Mumbai Metro’s 32.32-km-long elevated corridor covers 32 stations from Kasarvadavali near Thane in north MMR to Wadala in south, the TMC will also develop an internal metro network to connect various parts of the city.

The TMC had earlier proposed an internal metro to connect various parts of Thane to Mumbai Metro Line-4 but later decided to build a light rail transit on the suggestion of the central government. The suggestion was made, keeping in view the cost-effectiveness of the Thane Metro project.

According to the TMC, a conventional metro system would be more suitable for Thane than a light rail transit, considering its burgeoning population. Further, it would not be possible to connect a light rail transport system with a conventional metro line.

[ecis2016.org] All about Kanpur metro route and Kanpure metro map

Thane Metro stations

The earlier Detailed Project Report (DPR) had provisions for 22 metro stations covering 29 kms of distance. The internal Thane Metro is expected to connect to the Wadala-Kasarvadavli Metro at two places – at the proposed New Thane station and Dongripada. It will also connect Mumbai Metro Line-5 (Thane-Bhiwandi-Kalyan) at Majiwada junction.

Read also : How transit accommodation can help redevelopment projects

Also check: Bangalore Namma metro map, routes, stations and latest updates

Thane Metro ridership

According to estimates made by the TMC in 2019, the Thane Metro has a projected ridership of 5.76 lakh passengers every day while peak-hour ridership of the Thane Metro is pegged at over 23,000.

Also read everything you need to know about the Mumbai Metro

Thane Metro project cost

According to the earlier plan, the Thane Metro, to be built at an estimated cost of Rs 10,000 crores, would see the centre and the Maharashtra government together meeting nearly 33% of the project cost while the remaining money would be arranged by the TMC through low-rate loans.

[ecis2016.org] All about TMC property tax

Thane Metro ticket charges

Ridership on the Thane Metro is likely to cost passengers between Rs 17 and Rs 104. The minimum fare will be Rs 17 for up to 2 kms and the maximum fare will be Rs 104 for more than 31 kms.

Also check out Kochi Metro Map, stations, route details and latest updates on Kochi water metro

Thane Metro completion timeline

Read also : Indian residential market outlook: Demand to reach new heights in Q1 2022

Once the Thane Metro gets a final approval from the centre, it would take about five years to become fully operational. According to the DPR submitted to the Maharashtra government in 2019, the Thane Metro was expected to start operations by 2025.

Also read all about Navi Mumbai Metro stations on the (NMM) rail network

Thane Metro impact on real estate

In the wake of the work-from-home scenario following the COVID-19 pandemic, property owners and tenants living in India’s densely populated areas of Mumbai near business hubs, have started looking for bigger and better properties. This has led to tremendous rise in real estate demand in the past one-and-a-half years in Thane, a strategically located area in the Mumbai Metropolitan Region (MMR).

As the area offers flexibility to home buyers to have bigger and better homes at locations that will soon be seamlessly connected with Mumbai through the Metro Line-4, Thane real estate has benefited from the emergence of the work-from-home culture.

With the upcoming Thane Metro, the demand for properties in Thane could increase due to the better connectivity, resulting in appreciation in property rates in Thane.

[ecis2016.org] All about Thane property tax payment

FAQs

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle