Union Cabinet Approves the Metro Project Connecting HUDA City Centre to Cyber City
Union Cabinet Approves the Metro Project Connecting HUDA City Centre to Cyber City
In the latest cabinet meeting held on June 7th, 2023, the central government sanctioned the proposal of extending the metro development plan from Huda City Centre to Cyber City in Gurugram with a connection to the Dwarka Expressway. This endeavor will take around 4 years to be completed, and cost 5,452 crores approx. This connectivity project would span 28.5 kilometers while passing through 27 train stations. According to the central government, the recently announced metro project will be undertaken by Haryana Mass Rapid Transport Corporation Limited (HMRTC) and is expected to be finished in a four-year span from the day it was approved.
Talking about the metro alignment, the metro network will include the following stations:
– HUDA City Centre
– Sector 45
– Cyber Park
– Sector 47
– Subhash Chowk
– Sector 48
– Sector 72A
– Hero Honda Chowk
– Udyog Vihar Phase 6
– Sector 10
– Sector 37
– Basai Village
– Sector 9
– Sector 7
– Sector 4
– Sector 5
– Ashok Vihar
– Sector 3
– Bajghera Road
– Palam Vihar Extension
– Palam Vihar
– Sector 23A
– Sector 22
– Udyog Vihar Phase 4
– Udyog Vihar Phase 5
– Cyber City
Exceptional Benefits of the Approved Metro Route Network
Old Gurugram does not currently have a metro line, hence this proposed route is designed to link the new and old Gurugram. In the future, the metro system will provide links to the New Delhi Railway Station and the IGI airport. Furthermore, it is anticipated to support regional prosperity and economic growth in general. With an estimated population of almost 1.2 million, Gurugram will get tremendous transportation benefits from this proposed metro connectivity. Another notable benefit is that the extension of the metro will offer multi-modal connectivity to the existing route. The new route will be connected to the HUDA City Center station, the RRTS of Sector-22, and the railway station located close to Sector-5.
How the Upcoming Route Will Add Value to the Existing Metro Station Network in Gurugram?
With the existing metro route, Gurugram and Delhi have already been linked by the Yellow Line of the Delhi Metro where a 7.05-km line approx. is connected to Gurugram including five stations—Guru Dronacharya station, Sikandarpur station, MG Road station, and IFFCO Chowk station. Currently, the terminus of this line is the HUDA City Metro Station. The extending routes are projected to bring in about 7.5 lakh passengers each day and boost job opportunities in the Gurugram region. It will also facilitate connectivity to Old Gurgaon's railway station. The government stated in an official statement that it will give connectivity to IGI Airport in the years to come phase, emphasizing that this initiative would be beneficial for general economic growth in the region.
Know About the Significant Influence on Real Estate Sector
The proposal for metro expansion signifies the advancement of Gurugram and a noteworthy achievement in its metro connectivity. This is a progressive step that has been supported greatly by the industry, particularly, the real estate sector has shown significant support as the construction of the new route will add to the enhancement of the future infrastructure surrounding New Gurugram and Dwarka Expressway. The CPR that runs through Dwarka Expressway has experienced impressive growth in recent years. The market of residential real estate is anticipated to soar high as the demand from end users and investors will increase.
Firstly, the news of nearing completion of the Dwarka Expressway project attracted the attention of people and now, with the announcement of the metro link, the customers having interest in real estate investment will tend to demand more. The implementation of this proposed metro network will streamline the traffic congestion and eventually, open up a lot of investment opportunities along with the creation of jobs and stimulation in Gurugram's real estate market. This constructive move is anticipated to accelerate development throughout the Gurugram region by enhancing the opportunities for locals, businesses, and the overall economy.
