Thursday, 14 May 2015

Ace Group Welcoming revised Plan for 28 KM Noida-Greater Noida Metro Link

A good news for all Delhi NCR, specially Noida & Greater Noida people, As Uttar Pradesh Government Wednesday approved revised detailed projects report(DPR) of proposed 28 KM, Noida & Greater Noida Metro link. Now DPR will be send to central Government for further approvals so that work on this project can be started.

Works to start in next 15 - 20 days, Noida Authority to initially fund Rs. 1000 crore instead of Rs. 500 crore that was decided earlier. This project is a solution to faster connectivity between Noida and Greater Noida. This project will increase the importance of these two hot destination and the most attractive realty destinations for investment in residential sectors. Now the metro link will enhance the connectivity and provide the commuters the ease of traveling.

As UP Government & General Public hopes that centre will approve revised DPR with minor changes. Rama Raman (CEO) of Noida and Greater Noida Authorities said that "If centre does approve this project fast then work will be start early of next month. This ambitious project has cleared all the stage of approvals to be fast track."

The DPR has been revised to make the project economically viable after central Government & Delhi Metro Rail Corporation(DMRC) suggestions. This will boost the realty sector in Noida & Greater Noida and will gain huge values in terms of investment, because of good infrastructure, good connectivity and various ongoing real estate projects. This Noida-Greater Noida Metro link project will bring good deals for the real estate builders and will give good return in investments for the investors as well.

Rama Raman said "Many metro stations will have multiplexes and shopping malls, including many others commercial to be developed by DMRC on this 50-hactare land."

DMRC had earlier in 2013 asked the Noida Authority to puts the metro plans to Noida Extension on hold because of low passenger turn out expected on the proposed link. Now DMRC saying that Metro services will be provided to general public of Greater Noida by the end of 2017.

This link will branch out from Noida's Sector 71/51 interchanged and end of Greater Noida's Delta-1. Metro station will be located in sector 52, 51, 50, 78, 81, Dadri Road, Sector 83, 137, 142, 143, 144, 147, 149,153, KP-2, KP-1, Pari Chowk, Alpha-1, Alpha-2, Delta 1 & Depot station.

It's a good news not only for those home buyers, investors who are planning to buy properties in Noida & Greater Noida, it will going to be beneficial for all the real estate builders, as there are number of residential projects developing in Noida and Greater Noida like ACE Platinum , ACE Aspire, ACE City, and etc.


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