Gurugram Metro Is Going To Boost Realty In New Sectors, Say Developers
Realty experts said that the high-potential corridor of Dwarka Expressway has emerged as investors’ favorite. This also offers an attractive return which will be particularly beneficial.
The developers of the city on Wednesday said that the approval for the Gurugram Metro project is going to transform the city and create more investment and business opportunities. The developer also said that the Rapid Rail Transport System (RRTS) is in the pipeline and Dwarka Expressway. The move to start constructing a metro line is going to give rise to positive sentiment among buyers and investors.
A city-based real estate expert said that the recent decision is going to bring Delhi-Gurgaon-Alwar RRTS under National Infrastructure Pipeline (NIP) is going to speed up the project coupled with Wednesday’s Union approval of the Metro project. It will go to boost the inter- and city connectivity.
The metro extension is going to offer connectivity to Gurugram railway station and the proposed interstate bus terminal and in the future with the Blue Line of Delhi Metro from Dwarka. It is going to enhance the city’s mobility quotient while boosting investment in Gurugram.
Founder and Chairman of Signature Global, Pradeep Agarwal is going to boost realty around Dwarka Expressway and the new sectors. Commuting is going to become easier and it will also generate more investment and job opportunities. This will also benefit the entire region.
The developers also said that the Metro and RRTS will end the congestion and traffic woes of the city and South Haryana. This is going to expand only in Noida and Greater Noida will need to rethink the strategy.
A real estate consultant based in Sector 22, Pawan Kumar said that the state of transport infrastructure in the city, various companies are also going to prefer to expand or open new offices in Noida or Greater Noida. The new metro project is going to connect the commercial and residential micro markets in a great way and the government is going to try to complete the metro in two or three years.
Executive director and chief financial officer of Alpha Corp, Santosh Agarwal said that the metro line is going to enhance operational functionality and minimize congestion. The 27 elevated stations, the line is going to bridge old and new areas. This line is going to connect to the railway station and plans of integrating it with the Indira Gandhi International Airport are going to boost the potential areas along the Dwarka Expressway.
Ravish Kapoor, managing director of Elan Group said that the metro is going to bring cohesion to Gurugram as a city. This is going to ensure physical and social connectivity. The key of these micro markets is going to set the major boost as they are connected to the larger National Capital Region.
This metro extension has potentially led to a rise in property values. This improved connectivity and accessibility often attract investors and homebuyers, while leading to an increase in demand for properties. said Ashwani Kumar, managing director of Pyramid Infratech.
The players in commercial real estate and developing office spaces mentioned to get the ease of commute will bring more customers to Gurugram.