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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