Property in Gurgaon that lies along the metro link connecting Gurgaon to Manesar is expected to receive a huge boost once the metro link connecting Gurgaon to Manesar is completed. Experts have stated that better connectivity between gurgaon”>Gurgaon and Manesar will greatly benefit commercial and residential property in gurgaon“>property in Gurgaon. Once the metro connecting Gurgaon to Manesar is completed rental properties are expected to command higher rents and residential property in Gurgaon is expected to appreciate significantly in value.
The Gurgaon Manesar Urban Complex Master Plan, once completed by 2031 is expected to provide an easy commute to over twenty lakh people. This Master Plan’s crux is the Haryana’s Governments envisioned metro project and once complete will lead to higher valuations for flats in Gurgaon and among real estate in Gurgaon and Manesar lying along the metro line.
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The Route and Length of the Metro
Recently the Haryana Government has approved a proposal to establish a Mass Rapid Transportation System between Bawal and Gurgaon. The length of this metro line is expected to be nearly 82 kilometers; it will extend from HUDA City Center metro station in Gurgaon towards Bewal in Rewari. One the way to Rewari this metro line will pass through the Industrial Model Township in Manesar. Luxury apartments in Gurgaon near the HUDA City Center metro station will rise in value once this metro line is completed. In the first phase, an elevated line shall be built from HUDA City Center metro station towards Panchgaon Chowk, a locality on NH8 and near Manesar. In the second phase of this metro line, Panchgaon Chowk shall be connected with Bawal Industrial Area. The traffic snarls and growing population have made commuting difficult for nearly 80,000 vehicles that travel from Delhi to Manesar everyday, the new metro line is expected to greatly ease the commute for travelers from Delhi to Manesar.
Impact Upon Gurgaon Property
Once completed, the impact of the new metro line upon residential property in Gurgaon is expected to be significant. Already the commute by road between Gurgaon and Delhi is difficult due to traffic congestion, one the metro is up and running many of those who commute to Manesar from Delhi by road will use the metro and this will ease the commute by road between Delhi and Manesar. Many of the flats in Gurgaon in thus far untouched sectors shall also benefit, as the commute to such sectors will also become easier.