As Prime Minister Narendra Modi has laid the foundation stone for Gurugram’s new metro route, excitement and optimism are palpable within the real estate community. The industry players said the project is poised to revolutionise the local property market, presenting stakeholders with a wealth of opportunities for growth and prosperity.
Real estate developers also anticipate a notable surge in property demand and values along the metro corridor. Historically, enhanced transportation links have spurred increased interest from both homebuyers and investors, and the new metro route is expected to be no exception. Proximity to metro stations is projected to become a key selling point, driving up demand for residential and commercial properties and potentially leading to significant price appreciation.
Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd, said the extension of the metro from Millennium City Center to Cyber City signifies a transformative leap for Gurugram.
“As it weaves through the heart of development, passing in close proximity to Dwarka Expressway and advancing towards New Gurugram, this monumental move not only promises enhanced connectivity but also augurs a surge in property values,” Aggarwal said.
He added that this metro expansion will be the catalyst for exponential growth and significantly contribute towards the development of the thriving real estate sector in Gurugram. Additionally, as the metro network expands beyond the Millennium City Center, it will open new investment opportunities and act as the linchpin to stimulate employment growth in Gurugram.
Abhishek Trehan, executive director of Trehan Iris, said, “The continuous improvement in the city’s infrastructure landscape augurs well for the commercial sector’s growth, with the demand for Grade-A offices in Gurugram and emerging corridors increasing every quarter, and leasing activity also picking up. The upcoming metro corridor is likely to further influence commercial activity and boost demand for residential in and around the region, opening up new avenues for real estate development, and transforming the face of Gurugram forever.”
Ashish Sharma, AVP Operations of Brahma, said, “This will make the region more desirable for commercial purposes, attract investments and stimulate growth in the real estate sector. Moreover, public transport upgradation reflects Gurugram’s commitment to modernising its infrastructure to meet the demands of a growing population and strengthen its status as a prominent economic and commercial hub in the region.”
Stating that the proposed metro corridor also includes a 1.85 km spur for Dwarka Expressway, Mohit Goel, MD of Omaxe Group, said, “It is poised to be a game-changer for Gurugram’s and Dwarka Expressway’s real estate landscape. As development progresses, the commercial prospects of strategically located projects along the metro route, including adjoining regions such as Dwarka, will soar and add to the value propositions our project brings to the locality. It presents an attractive prospect for self-use or investment purposes.”
Amit Gupta, director of Orris Group, said that by providing faster connectivity to Dwarka Expressway, Gurugram Metro will enhance urban mobility and will catalyse development and yield substantial returns on real estate investments, making it a compelling opportunity for discerning buyers and investors alike.
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