Two metro rail projects in Maharashtra—the state where assembly elections are scheduled for later this year—were authorized by the Union Cabinet on August 16. According to experts, this city’s authorized metro projects have substantial long-term real estate growth potential.
At an estimated cost of ₹12,200 crore, the Thane Integral Ring Metro will link the city’s industrial and residential districts by providing interchanges for Mumbai Metro rail lines 4 and 5.
At an estimated cost of ₹2,954.5 crore, the Pune Metro will be extended from Swargate to Katraj, offering underground access to Market Yard, Padmavati’s commercial and residential districts, and Katraj’s residential neighborhoods, university campus, and zoological park.
Since the Thane integral ring metro train project would link important residential and business hubs including Navpada, Wagle Estate, Hiranandani Estate, and Kolshet, connectivity within Thane is likely to improve dramatically. Pune’s entire urban infrastructure would be improved and connectedness will be aided by the Phase 1 project’s extension.
Source: Hindustan Times
