HOW WILL THE NEW METRO LINE AFFECT REAL ESTATE IN NOIDA
With the inauguration of the new Aqua metro line in Noida, the real estate stocks will definitely sore high. Metro connectivity proves to be a boon for any location and also brings with itself a lot of benefits for the real estate industry. The development of Noida took pace when it was connected to Delhi via metro. Noida became one of the most popular cities of Delhi NCR.
The 29.7 km long Aqua Line Metro has 21 stations in total among which 15 stations are in Noida and the rest 6 are in Greater Noida. It starts at Sector 71, Noida and terminates at Sector Delta I in Greater Noida. During its course of commutation, Aqua Line Metro passes through sectors, such as NSEZ, 137, 142, 143, 144, etc on its stretch. These sectors are some of the most popular locations which offer a number of residential and commercial property options for both homebuyers and investors. The proximity of the new Aqua line will prove to be a blessing for the real estate market. The prices of the units of the areas surrounding this metro line will shoot up.
Last Saturday, PM Narendra Modi also inaugurated the Blue line extension to Electronic City in Noida. The extended DMRC blue line’s station Sector 52, is very near to NMRC Aqua line’s station of Sector 51 and a new 300 m pathway connecting these two stations was also inaugurated by the Prime Minister. These new inaugurations will help the commuters from Indirapuram and Noida in a lot many ways and make their travelling cheaper and convenient. Tickets and smart cards of the Aqua Line cannot be used on the Delhi Metro and vice versa.
With this the new constructions and better metro connectivity will provide a boost to the real estate market.
According to real estate experts, there might be an increase of about 20% in the real estate stocks. The new metro will spur the demands in this sector and also will be a big relief for the residents of this area.