Realty experts affirm that the recent approval of the Gurugram Metro project will have a transformative effect on the city, generating increased investment and business opportunities. With the imminent completion of the Dwarka Expressway and the upcoming Rapid Rail Transport System (RRTS), the commencement of Metro line construction instills positive sentiments among buyers and investors alike.
Furthermore, the Metro and RRTS systems are expected to alleviate congestion and traffic issues in Gurugram and southern Haryana. Companies and corporations, previously focused on expanding solely in Noida and Greater Noida, are now compelled to reconsider their strategies. The enhanced connectivity facilitated by the Metro extension will link Gurugram railway station, the proposed interstate bus terminal, and eventually the Blue Line of Delhi Metro from Dwarka. This significant boost in mobility will attract further investments to Gurugram.
The high-potential corridor of Dwarka Expressway, which has already garnered favor among investors due to its attractive returns, is poised to benefit significantly from Metro’s approval. Vinod Behl, a real estate expert, asserts that the inclusion of the Delhi-Gurgaon-Alwar RRTS project in the National Infrastructure Pipeline (NIP), along with the Union approval for the Metro project, will significantly enhance both intra- and intercity connectivity.
Pradeep Agarwal, the founder, and chairman of Signature Global, foresees a realty upswing along the Dwarka Expressway and the new sectors with improved commuting options that will generate additional investments and job opportunities, benefiting the entire region.
Real estate consultants and executives echo the sentiment that the Metro and RRTS systems will resolve congestion and traffic woes, leading to a shift in companies’ preference towards Gurugram. The completion of the Metro within the next few years will establish seamless connectivity between commercial and residential micro-markets, attracting businesses and bolstering the potential of areas along the Dwarka Expressway.
As the Metro route develops and Metro stations emerge, property prices and rentals along the line are expected to witness a significant surge, similar to the scenario in Delhi. Enhanced connectivity and accessibility have historically attracted investors and homebuyers, stimulating demand for properties.
The commercial real estate market anticipates a surge in customers as the ease of commute increases. With the Metro project, more commercial establishments are expected to expand across Gurugram, leading to the creation of additional commercial spaces along the Metro alignment.
The Metro line is poised to alleviate traffic congestion, a long-standing challenge in Gurugram. The government’s expansion of the Metro network will have a positive impact on the real estate market, influencing property prices, investment opportunities, and overall demand for real estate in Gurugram, according to Navderp Sardana, chairman and managing director of Whiteland.
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