In a big relief for daily commuters of Gurgaon and Faridabad, Krishan Pal Gurjar, Union Minister of State for Social Justice and Empowerment in a recent event has announced that soon a new metro link between the two cities will start its operation. It is said that the Gurgaon- Faridabad metro corridor will be 30 km long and starts operating by 2021.
Giving more information on the same, Gurjar said that the link has already got in-principle approval from both the central as well as the state Govt and the detailed project report will be completed in next six month. The estimated cost of the 30 km long elevated route will be 5,900 crore.
As decided, the metro services will start from the Bata Chowk, Faridabad and will end at the HUDA City Centre Metro Station in Gurgaon. A total of eight stations will be there on the routes that include- Bata Chowk, Bhadkal Enclave, Pali Crusher Zone, Bhati Mines, Mandi, Sushant Lok Sector 54, Sector 45 and HUDA City Centre.
This line will later be extended to Greater Faridabad and Greater Noida, says government sources. At Present, Violet line of the Delhi Metro connects Delhi to Faridabad.
Impact on Realty Market
With its operation, the realty market of both Gurgaon and Faridabad will boost to an extent. Currently, both the cities are NCR hotbeds in the property market. Many renowned real estate developers are already developing affordable, mid-segment and luxury projects here.
But both the city faces shortage of transportation system when it comes to intercity connectivity. People here are still dependent on shuttle bus services, cabs, and state-run buses and shared autos. This also led to a massive traffic jam during peak hours. Also, with this connectivity, Faridabad will definitely witness a boom in the property market of surrounding areas of metro link and hence will attract more and more prospective home buyers to invest here.