All about the Thane Internal Ring Metro Project

Thane is an important location of the Mumbai Metropolitan Region (MMR). Thane as an area is widely spread that is connected to other parts of Mumbai and Navi Mumbai through public transport such state bus and local train and the proposed Mumbai Metro Lines. Internally, the city is well-connected by road with autos, taxis and state buses. To better connectivity and offer an additional sustainable option the city, Thane city will soon be connected by a 29 KM Internal Ring Metro. In this guide, we highlight the budget allocated, the stations and connectivity that this metro will offer. Read on. 

What is the Thane Internal Ring Metro Project?

To be implemented by Maharashtra Metro Rail Corporation Limited (Maha Metro), the Thane Internal Ring Metro was approved by the Union Cabinet chaired by Prime Minister Narendra Modi in August 2024. It is designed in such a way that a loop will be formed connecting important business, residential hubs such as Manpada, Wagle Estate and Thane Junction. This metro rail will be a combination of elevated and underground metro. 

Thane Internal Ring Metro: Quick facts

Thane Internal Ring Metro Map

Source: Maha Metro official website

Stations on the Thane Internal Ring Metro

There are 22 proposed stations on the Thane Internal Ring Metro. These will be a mix of underground and elevated stations. 

Thane Internal Ring Metro: Interchanges 

The following are interchanges with Mumbai Metro:

• • With Mumbai Metro Line 4 at Raila Devi and Dongripada 

• With Mumbai Metro Line 5 at Balkum Naka

The following are interchanges with Bus

• At Lokmanya Nagar Bus Depot

The following are interchanges with local train

• At Thane Junction
• At New Thane

What is the value of the Thane Internal Ring Metro Project? 

The project will cost around Rs 12,200.10 crore. The project will have equal equity from Government of India (GOI) and Government of Maharashtra (GoM) as well as part-funding from bilateral agencies. Also, revenue will be raised by passing on station naming rights and access rights for corporate, monetisation of the assets and value capture financing route.  

Who will execute the Thane Internal Ring Metro Project?

Maha Metro will execute the project, along with civil, electro mechanical, other associated facilities, works and related assets.  Maha Metro has already started the pre-bid activities and preparation of Tender documents. The contracts will be floated immediately for bidding.

What will be the timings for Thane Internal Ring Metro?

The timings for the Thane Internal Ring Metro will be decided once the metro is constructed and ready for operations. However, the standard operation time is from 6 AM to 11 PM every day and mostly this metro will adhere to the same timings to be in sync with other metro lines and public transport. 

What will be the fare for Thane Internal Ring Metro?

The fare for the Thane Internal Ring Metro will be decided closer to the operational date. This will be decided on the basis of the distance travelled in km. Generally, for a single journey between 0-3 km, the charge is Rs 10, for a single journey between 3-12 km, the charge is Rs 20 and for a single journey of 12 to 18 km, the fare is Rs 30. 

Some of the options with which people can buy tickets at the operational metro lines are through ticket counter, by scanning QR code or through WhatsApp. This will be extended to Thane Internal Ring Metro also when it starts with operations. 

What are the facilities that will be available on Thane Internal Ring Metro stations? 

The facilities available on the Thane Internal Ring Metro include:

• Elevators
• Escalators
• Wheelchairs
• Information centre
• Ticketing counters
• Washrooms
• Staircase
• Ramps
• First aid
• Water coolers
• Convenience stores
• Emergency exits
• Bank ATM

Benefits of the Thane Internal Ring Metro 

• This connectivity is envisaged to provide a sustainable and efficient mode of transport 
• It will help the Thane City economically 
• It will decongest the traffic in the city 
• It will contribute to reduction of greenhouse gas emissions
• It will reduce travel time
• It will reduce noise and traffic pollution

Impact of Thane Internal Ring Metro Project on Thane real estate market

Thane is a very sought after real estate market with the presence of reputed developers. This location offers an interesting mix of realty offerings straight from traditional chawls, houses, studio apartments, 1 BHK, 1.5 BHK in standalone buildings and 2, 2.5 BHK, 3, 4 and 5 BHK in standalone and gated communities. With this metro connecting Thane internally, residential areas will have much more connectivity that are economical too. Additionally, Thane will be connected to core areas in Mumbai and Navi Mumbai with the help of this internal metro project that will make daily commute easy and comfortable. 

Housing.com POV

All real estate properties that are closer to any public transport system are convenient and command a premium- be it for buying or renting. Typically areas that are within 500 metre proximity to the metro corridors command higher property prices and also show better rental yield. Key localities that in this segment especially in the commercial space are Wagale Estate, Kolshet Industrial Area etc. While demand in these areas has always been high, with the metro convenience, real estate prices will witness further growth. 

Contact information of Maha Metro 

Maha metro

Metro Bhavan, VIP road, near Dikshabhoomi, Nagpur – 440010

Phone: 07122554217