Work
on the Noida-Greater Noida Metro rail project is likely to begin soon,
which will provide better connectivity between Noida and Greater Noida,
as well as give an immense sigh of reassurance to the growing numbers of
daily commuter. Work on the new Metro link to Kalindi Kunj and Greater
Noida West will also be constructed soon.
Metro link from
Noida-Greater Noida will benefit those living in Noida Extension as it
would improve the connectivity and reduce the travel time and provide a
smooth travel to Delhi, which will boost the future of the realty
market. The connectivity will solve the traffic issues faced by citizens
of these two cities. The real estate will jump in revenues by
developing residential complexes as there projects will get an increase
in the values of properties.
Rama Raman, the Chairman and CEO of
Greater Noida Industrial Development Authority (GNIDA), says - “The New
Year will herald a period of rapid development for Greater Noida, as the
foundation stone for the new Metro line and other infrastructural
projects are in the offing. Noida authority has 70% stake in the project
while Gnida has 30%. The Noida authority has already approved a budget
of Rs 1,000 crore for the 29km-long Metro line, which is expected to
cost Rs 5,000 crore—we expect the whole project, linking Noida and
Greater Noida via Noida-Greater Noida Expressway to be ready in the next
three years.”
The metro line will be an advantage for the people
living in the city as well as who work in the city, as it will provide
them swift connectivity between Noida and Delhi. This project has
cleared the doubts in the minds of home buyers or investors who were
relying on it to be started soon which to them is a secure investment
opportunity. This will energize the entire real estate industry and
motivate them to come up with new projects in the area and and encourage
home buyers to invest in them.
The project has become much
easier for those who have already booked houses or are planning to book
residences in the areas through which the Metro line will pass.