Metro & Rapid Metro a Fortune for Real Estate in Delhi & Gurgaon

Published: June 19, 2017

If you’ve always tried rushing from a meeting in Gurgaon to catch a flight out of Delhi, you’ll know that the Delhi traffic is not to be taken evenly, and rightly so, because Capita City has more vehicles than other metropolitans. As per the Delhi Police Traffic Website, there are approx 90 Lacs vehicles just within Delhi, not counting the NCR area, and the counting is still rising. That’s many times higher than the number of cars in Mumbai. Even if Delhi has wide roads, but the traffic snarls make moving around the city quite hard.

But don’t worry; we have one of the best means of transportation now: a metro rail. So Delhi, Noida & Gurgaon got itself a metro that would link the different corners of the Delhi NCR (and its already existing train systems) in a fast, suitable manner and more importantly, would take some of its 7 million cars off its roads. And they didn’t skimp on anything while planning it.

Delhi Metro

Delhi’s metro system is a wide four phase network, Phase I & Phase II are already operational and serves approx 2.76 million passengers daily, consisting 6 colour-coded lines + 2 new lines (2018) that span the entire city.  Its concentrate on the future development of the city at the same time as planning has won it the distinction of being a pacesetter for other metros in the South Asia region.

The proposed Metro Corridor for phases III and IV are still operational and are set to be finished by 2021. Both phases III and IV will serve to provide access to the parts of the city still unattainable by the Delhi Metro.

Metro in Gurgaon

If we talk about Metro in Gurgaon, continuing after Delhi Border there are only 5 Metro Stations in Gurgaon (Guru Dronacharya, Sikandarpur, MG Road, IFFCO Chowk and HUDA City Centre). But inner parts of Gurgaon enjoy the great connectivity of Rapid Metro which is links from Sikandarpur Metro Station.

Connectivity of the location is a lot while investing in commercial or residential projects. Gurgaon real estate has been showing remarkable developments for the 5 to 10 years thanks to its enhanced connectivity and developments of its social infrastructure. Real estate in Gurgaon is all set to reach new heights due to the operational Rapid Metro Phase 1 and near completion Rapid Metro Phase - 2.

The Delhi - Gurgaon Metro Corridor that went operational in 2010 resulted in a tremendous rise in the residential properties by over 25 – 30% such as the DLF Park Place, Parsvnath Exotica, Vipul Belmont and DLF Summit.

With the private Rapid Metro Rail (a joint venture between real estate developer DLF and IL&FS) in the midst of covering nearly every important regions of Gurgaon for example Cyber City in its first phase and Sikanderpur, Golf Course Road and Sectors 55 and 56 in the second phase and third phase will be 17-km-long line from Cyber City to Gurugram Railway Station via Bus stand and Sadar Bazar in Old City passing through Udyog Vihar along Old Delhi Road And Railway Road.

Even if the property values in commercial Cyber City and its neighboring regions are expected to pick up more, the biggest boost is expected to happen after the completion of Phase II Rapid Metro which is near completion. Many real estate experts and developers say that infrastructure development and transportation facilities will give momentum to the lease and rental prices in Cyber City, DLF City, and Golf Course Road.

Rapid Metro in Gurgaon is not just believed to boost rental value by 20% to 30% but is also expected to increase the value of residential properties. Many reputed real estate developers say that region like DLF Phase I, II, III, IV, IV, Golf Course Road and other sectors like 27, 28, 51, 52, & 54etc., that are linked through Metro Rail will definitely see a rise in residential value. As indicated by real estate forecasts, areas such as DLF City Phase I, III, V and Golf Course Road will observe utmost appreciation in property value. DLF The Crest a residential project in Sector 54 Gurgaon experience an approx 4% price appreciation in the last few months.

On the other hand, not all builders believe that there will be the huge price hike in the district after the commencement of the Metro. In accordance with some city-based realty developers, the value in many parts of Gurgaon had already risen in 2010, right after the completion of Delhi-Gurgaon link. Hence, the great price hike in these regions cannot be expected right away. According to them, leasing and rentals might enhance in Cyber City, but not hugely.

 

About Admin

Baldev Singh writes the content on real-estate from several years and he is one of the few writers who provide the thought-provoking content on best properties deals.