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Gurugram is preparing for a revolutionary boost in its real estate industry with the upcoming metro rail project. In line with the prosperous DMRC and NMRC models in Delhi and Noida, Gurugram plans to create a new company called GMRC (Gurgaon Metro Rail Corporation) that would be solely focused on the metro projects in the area.
The Central government would supply crucial financial backing for the projected metro extension in Gurugram, according to sources in the Haryana government. It became necessary to establish GMRC as a distinct organization in order to guarantee equality in the project and effective financial management.
GMRC Revealed: A Game-Changer For Gurugram Real Estate
The revolution in real estate is ongoing with the formation of GMRC and the coming metro project in Gurgaon. Property prices are anticipated to soar as a result of the metro route’s coverage of important corporate centers and industries.
Ankit Kansal, MD, and Founder of 360 Realtors, advises investors seeking growth prospects to keep a close eye on projects along this route because the metro is expected to act as a catalyst for appreciation.
Aryan Realty Infratech Pvt Ltd’s MD, Surender Kaushik, states, “We see great potential in Gurgaon. The landscape of the city is expected to change as a result of GMRC’s singular concentration on Gurgaon’s metro expansion.
Because property values are expected to soar along the metro line, particularly in important industries and commercial areas, buyers and investors may expect to get significant returns.
Metro-Led Appreciation: Gurugram Property Prices Set To Soar
The Union Cabinet gave its approval to the much-awaited metro project in June. It would provide a vital 28-kilometer route that connects Millennium City Centre to Cyber City, passing through 27 stations that are positioned strategically.
This ambitious project is expected to cost around Rs 5,452 crore. After the project is approved, four years is when it is expected to be finished. It guarantees smooth communication between Gurugram’s existing and new locations.
“Palam Vihar will be traversed by the proposed metro corridor, improving the area’s connectivity and helping commercial projects like Global Foyer Mall near the metro line.” It has the potential to completely alter Gurgaon’s real estate market.
According to Rajdarbar Realty Director Radheecka Rakesh Garg, “as development moves forward, the commercial prospects of strategically-located projects along the metro route are expected to soar, presenting an attractive prospect for investors.”
Strategic Connectivity: The Route And Impact On Commercial Centers
The Gurgaon Metro Project, according to Rajesh K. Saraf, MD of Axiom Landbase, “basically promises enhanced urban mobility and positions itself as a catalyst for substantial returns on real estate investments, making it a compelling opportunity for discerning buyers and investors alike.”
The projected metro line is a vast network that passes through Gurugram’s commercial districts and important industries. Starting in Sector 45, it goes through Cyber Park, Sectors 46, 47, 48, Technology Park, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Krishna Chowk, Palam Vihar Extension, Palam Vihar, Sector 23 A, Sector 22, Udyog Vihar Phase 4, and ends at the dynamic CyberHub.
An additional ray of hope is provided by the daily ridership estimates, which are projected to increase from 5,34,000 in 2026 to around 7,26,000 in 2031. Looking ahead, it is projected that by 2051, there will be an astounding 8,81,000–10,70,000 daily riders.
Source-FE
