The Thane railway station is being re-developed into an 11-storey building on the east side, and the railway authorities are intending to space out eight floors of the building on commercial lease. The Rail Land Development Authority (RLDA), a statutory authority under Indian Railways, has invited an Expression of Interest (EOI) from interested applicants for the grant of leasehold rights of Vertical Leasable Air Space. RLDA, in collaboration with the Thane Municipal Corporation (TMC), has proposed the multimodal transit hub under the Station Area Traffic Improvement Scheme or SATIS (E).

“Under this scheme, the RLDA will be constructing a commercial building on a plot of about 9,000 sqm located on the east side of the Thane railway station, near platform number 10A. The proposed building of 11 floors (Tower 1) will include a basement (for parking and services), a ground floor, and a mezzanine floor for railway facilities; a concourse level floor for bus movement; and eight additional floors above the concourse (1st to 8th floors) for commercial use,” a railway official aware of the development said.