Delhi Metro's Blue Line To Be Extended Till Mohan Nagar
Soon, Delhi Metro's Blue Line will be further extended to Ghaziabad's Mohan Nagar and Sahibabad as the Delhi Metro Rail Corporation has submitted the revised project report to the Ghaziabad Development Authority. At present, the Blue Line terminates at Noida Sector 62 and Vaishali. The proposed plan will benefit the commuters in Ghaziabad to reach central Delhi and Noida directly.
Apart from easing connectivity in the two cities, the arrival of the Metro is also expected to further boost the demand for office and residential space in areas it touches.
As per the revised plan, Sector-62 line will be extended to Mohan Nagar while Vaishali line will be extended to Vasundhara Sector 2, which will also be an interchange station.
Phase 3- Sector 62 > Vaibhav Khand > DPS Indirapuram > Shakti Khand > Vasundhara Sector 5 > Vasundhara Sector 2 > Mohan Nagar
Phase 4- Vaishali > Prahlad Garhi > Vasundhara Sector 14 > Sahibabad > Vasundhara Sector 2
The metro station at Sahibabad will have interchange facility with the proposed regional rapid transit system corridor, while Mohan Nagar station will have interchange facility with the 9.6km Red Line extension that runs from Shaheed Sthal (New Bus Adda) to Dilshad Garden. The authority will be spending Rs 1,438 crore for phase III and Rs 1,866 crore for phase IV.
Recently, five news stations ─ Sector 52, Sector 61, Sector 59, Sector 62 and Noida Electronic City have been added on this route in which Sector 52 is an interchange station for the Noida-Greater Noida Corridor (Aqua Line).
The realty factor
The proposed route will provide the much-needed connectivity to Indirapuram, which is already bustling with real estate activity. At present, the nearest metro station to the area is Vaishali for which no direct commute is available other than shared autos. The property prices in the area are already moving in upward direction due to availability of quality offerings. The advent of metro in the area will make Indirapuram, a sought after locality in Ghaziabad. Similarly, Vasundhara which has been on priority list for buyers looking for upgrade, will see a major change in terms of infrastructure as well as rentals.
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Noida Sector 62 is already huge when it comes to commercial real estate. Backed by good connectivity and infrastructure, the area already houses offices of leading multinational and software companies. A Metro connectivity would make the area picture perfect, boosting commercial as well as rental real estate. It is worth mentioning here that average property rate at Noida Sector 62 currently stands at Rs 7,500 per sqft (psf).
Apart from this, residential real estate in sectors 50, 51 and 52 will further gain momentum due to this connectivity. These areas offer buyers large and spacious residential options.