The Maharashtra Chief Minister, Prithviraj Chavan’s, announcement in the Legislative Assembly that Mumbai Metro would be extended till Thane has sparked speculations on how it will impact the property market of the suburb.
The plan
The already-planned Wadala-Ghatkopar line will be extended to Thane. As per the new proposal, it is called the Wadala-Ghatkoper-Teen Haat Naka (Thane) and is being examined by the Mumbai Metropolitan Regional Development Authority (MMRDA).
According to preliminary report, the proposed metro line will be part of Metro-3, linking Mumbai to Thane. The total distance will be 32 km and it will have 29 stations. The total cost estimated for the project is Rs 22,000 crore. As per Chavan, the detailed report is expected in a month. Other than this, two more metro rail corridors have been proposed– the Colaba-Bandra-Seepz and the Dahisar-Bandra-Mankhurd corridors.
The tendering process for the Colaba-Bandra-Seepz Metro has already begun and the project is likely to be commissioned by 2020. The other corridor is still on the drawing board. These lines, along with the already commissioned 11.4-km Versova-Andheri Ghatkopar Metro, will form a network of 114.1 kilometres. This will connect the suburbs, commercial hubs, island city, major suburban railway stations and the airport.
The tendering process for the Colaba-Bandra-Seepz Metro has already begun and the project is likely to be commissioned by 2020. The other corridor is still on the drawing board. These lines, along with the already commissioned 11.4-km Versova-Andheri Ghatkopar Metro, will form a network of 114.1 kilometres. This will connect the suburbs, commercial hubs, island city, major suburban railway stations and the airport.
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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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