Central Government Approves Thane Metro Project

22 Aug 2024 CW Team

The Thane Metro, officially known as the Thane Integral Ring Metro Project, has recently received approval from the central government for its Detailed Project Report (DPR). According to the DPR, the project will cover a distance of 29 kilometres with 22 stations and is estimated to cost Rs122 billion.

The Maharashtra Metro Rail Corporation (MMRCL or MahaMetro) is responsible for implementing the project, which is expected to be completed by 2029.

A brief overview of the project reveals that the foundation stone was laid by the Prime Minister in December 2018. The Thane Metro will encircle Thane city in a ring-shaped route, with a total length of 29 kilometres. Of this, 26 kilometres will be elevated, comprising 20 stations, while the remaining 3 kilometres will be underground, featuring 2 stations.

The Thane Metro Line will provide an interchange with Mumbai Metro?s Green Line (Line 4) and Orange Line (Line 5), and will also connect with the Thane city central railway station.

According to a press release from the government?s PIB, the project is expected to serve a ridership of approximately 6.47 lakh, 7.61 lakh, and 8.72 lakh passengers by the years 2029, 2035, and 2045, respectively.

MahaMetro has issued invitations for technical bids to appoint a Detailed Design Consultant (DDC) for six elevated stations between Dr Kashinath Ghanekar Natyagrah and the waterfront.

Regarding the Thane Metro contractor, AECOM-Systra MVA Consultant-Consulting Engineer Group is the only bidder for the General Consultant contract. However, the fares, funds, and prices for Thane Metro have not yet been announced.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..