Delhi Metro is ready to boost up Noida Realty Market

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The Delhi Metro Rail Corporation (DMRC) and the Noida and Greater Noida Authorities signed an agreement for the construction of two Metro links Noida City Centre to Sector 62 and Noida City Centre to Greater Noida — on Saturday 18th October 2014. The two links are expected to be completed in 2017 at a cost of Rs 7,413 crore. On Saturday, the agreement was signed between S.D. Sharma, the director of business development, DMRC, and Rama Raman, chairperson and CEO of Noida and Greater Noida Authority.Also present at the signing was Mangu Singh, Managing Director of DMRC.  Laying the foundation for the commencement of the two proposed routes, two cheques worth Rs 29.45 crore were handed over to DMRC by Rama Raman. The Noida-Greater Noida Metro line will start from the Noida City Centre in Sector 32 and head to  Greater Noida via stations in Sector 50, 51, 78, 101, 82, Dadri Road, 83, 85, 137, 142, 143, 144, 147, 153 and sector 149 in Noida. It will enter Greater Noida at Knowledge Park II, go through Pari Chowk, Sector-Alpha 1 and Sector-Alpha 2 before terminating at the Depot station, proposed to come up near Knowledge Park IV in Greater Noida.  This route will be commissioned by 2018. While the entire Metro alignment has been proposed to be elevated, the route is expected to have a total of 22 stations of which 13 will be on the ground and 7 at an elevated level.   Analysis: Well-built connectivity is the key detriment of development of any area, and hence the capital values. Better transportation infrastructure is historically proven to boost the property value graph.The areas falling under the metro routes will definitely get a facelift. Residential and commercial properties located close to transportation infrastructure / Metro connectivity tend to command more premium and also experience a lower price correction during slowdown period. Realising the immense potential of the area, Realty Giants have already started cashing on the upcoming connectivity. Thus, be it for end-use or investment purpose, areas falling under the metro routes are evolved as a potential option for all. We have a bouquet of  residential / commercial / industrial options to cater the different requirements. Let us know if you are planning any investment or want to buy for end use purpose. Regards, Team Prime Estates. response@primeestates.co.in  +91-9899274333 +91-9953145517  P Please do not print this email unless it is absolutely necessary. Spread environmental awareness.  Disclaimer:                This email is for the use of the intended recipient (s) only. If you have received this email in error, please notify the sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or distribute this mail without the author's prior permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the attorney-client privilege. Regardless of content,  this e-mail shall not operate to bind  M/s Prime Estates to any order or other contract unless pursuant to explicit written agreement or government initiative expressly permitting the use of e-mail for such purpose

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