With major metro expansion on the cards in and around Delhi-NCR, the real estate market of the surrounding areas will definitely be going to see a boost in near future, says a recent report. The report said that approximately 51 kilometres of metro line expansion are set to become active in coming three months in different areas of Delhi, Gurugram, Noida and Greater Noida.
As per the report, these new corridors include metro extension of red line from Dilshad Garden to New Bus Stand line in Ghaziabad, Blue Line extension from Electronic city to Sector- 34 and Aqua Line corridor from Noida to Greater Noida.
The trial runs on Dilshad Garden- Ghaziabad route and Aqua Line corridor have been already done with operations to start in next few months. The Aqua line, however, is waiting for an inaugural date.
The report further said these extensions and newly developed corridors will not only ease connectivity in the NCR region but will also give a boom to the overall real estate market in the surrounding regions in terms of property price and development of new housing projects.
Let say, the extension towards Ghaziabad will boost the overall real estate market of the areas like Rajnagar Extension, Mohan Nagar etc. The Blue line extension which will be linking Noida sector 62, 63 from Noida City center will give a thrust to the areas falling under these regions.
However, the aqua line will ease connectivity between Noida and Greater Noida and will prove beneficial for daily commuters as well as Greater Noida residents, where there is very less availability of public transport.