All You Need To Know About Ghaziabad Metro
Ghaziabad is all set to get a new Metro facility that would connect the suburban city with the national capital. The Metro will pass through some of the interior residential hubs of Ghaziabad that would also boost the real estate prospects as well as the livability of the area. The Ghaziabad Metro route that would be connected to the Red Line of the Delhi Metro through Dilshad Garden has already missed two deadlines. The latest deadline has been set for September 2018 which is subjected to release of funds from the Ghaziabad Development Authority (GDA) and approval from the Central Government.
Here are the other details about Ghaziabad Metro route:
Plans to build the Ghaziabad Metro was conceived in 2014, when the GDA and the Delhi Metro Rail Corporation (DMRC) signed an agreement for the new infrastructure development. The route is covered under Phase-III expansion of the Delhi Metro and would have the following stoppages:
*New Bus Adda
This route will be 9.4-km on which the trial run will be conducted in June. It will run parallel to the National Highway-24. Mohan Nagar will act as a junction for the Delhi Metro Red Line and its Blue Line. Commuters would be able to interchange Metro from here to reach Noida Sector 62, Noida City Cente and Botanical Garden, to connect with the Magenta Line.
While 90 per cent of the work has already been finished, funding and approval from the Cabinet can further delay the project.
The funding flow
The estimated cost of the Ghaziabad Metro project is Rs 2,210 crore which is shared between various agencies, based on the funding pattern approved by the Uttar Pradesh Cabinet. The share allocation for the various agencies are Rs 695.8 crore for the GDA, Rs 246.35 crore for the Ghaziabad Municipal Corporation, Rs 440.45 crore for the UP Awas Vikas Parishad and Rs 97 crore for the UP State Industrial Development Corporation. However, except the GDA, all other agencies have been asked to pay in instalments causing deadline extension since June 2017.
Impact on real estate
The new Metro line will pass through the Sahibabad Industrial Area and will significantly impact the residential areas lying in proximity where the infrastructure is poor. Currently, commuters have to rely on last mile connectivity from Dilshad Garden to reach Sahibabad. Once the Metro goes operational, the prospects of the areas lying along the Metro corridor would improve which is at present limited to the lower-middle-income segment. Connectivity to Mohan Nagar from Dilshad Garden would improve. Currently, the route remains congested all the time.
Vasundhara would be another area that would gain from this connectivity. Once the Noida route gets operational, the Mohan Nagar Metro station would be approachable through which commuters can hop on to the Delhi Metro Red Line to go towards Kashmere Gate, Rohini, etc.