Update: Prices May Surge As Delhi Metro's Phase 4 Gears Up To Bring Delhiites Closer
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Update: Prices May Surge As Delhi Metro's Phase 4 Gears Up To Bring Delhiites Closer

Update: Prices May Surge As Delhi Metro's Phase 4 Gears Up To Bring Delhiites Closer
(Wikipedia)

Updated on January 9, 2016

Here is a good news for all you Delhiites who were awaiting the Phase-4 of Delhi Metro. The Centre has approved the proposed plan for the fourth phase that will feature six corridors. This phase, measuring 103 km, will take the metro to the outer areas of the national capital and will enhance connectivity to the international airport. Once this phase is complete, the Metro will cross the 450-km mark of total length.

This project will have 72 stations and the corridors include Rithala-Narela (21.73 km), Inderlok-Indraprastha (12.58 km), Tughlakabad-Aerocity (20.20 km), Lajpat Nagar-Saket G-Block (7.96 km), Janakpuri (West)-RK Ashram (28.92 km) and Mukundpur-Maujpur (12.54 km). The project will cost Rs 50,000 crore, which will be beared by the state government and Centre equally.

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The Delhi government is all set to give its green signal to the fourth phase of Delhi Metro. The new phase will have six new lines connecting peripheral areas of the city, thus forming an intersection with all the existing lines. The project proposal has been sent to the Ministry of Urban Development for its final nod.

As the new phase will take Delhi Metro into some of the most poorly connected and far-flung areas of the national capital, it will expand the reach of Metro network to 434 km across 308 stations. The 104-kilometre Phase IV network is expected to have a daily ridership of 1.5 million. With a tentative deadline of 2020, the daily footfall of the network is expected to increase threefold.  

 "… The completion of the Phase-III network will bring us to the seventh position in the world’s largest metro systems after the ones at Seoul, Shanghai, Moscow, New York City and Mexico," a senior Metro official told an English daily.

Property boost 

In May this year, the AAP government had given its in-principle nod to the Rs 55,000-crore project, which is expected to boost realty in Narela and Bawana industrial areas, Burari, Khajuri Khas, Mukarba Chowk,  among other places. 

Commercial activity in Old Delhi is also expected to get a push as areas like Sadar Bazar, Nabi Karim, GG Sabji Mandi will get metro connectivity.

The corridor between Tughlakabad- Airport Terminal 1-D metro stations will go through densely populated areas such as Saket, Mehrauli, Vasant Kunj and Mahipalpur in south Delhi. The property prices are expected to go up by 15 per cent in these areas.

It will also increase the number of interchange stations from 27 (Phase-III) to 41 (Phase-IV). The upcoming corridors are Rithala-Narela (21.73 km) Inderlok-Indraprastha (12.57 km) Tughlakabad-Terminal 1 (22.20 km) Lajpat Nagar-Saket G-Block (7.96 km) Janakpuri West-RK Ashram (28.92 km) and Mukundpur-Maujpur (12.54 km).

To cover the northwest of the city, an interchange station will come up at Janakpuri West to cover dense areas like Paschim Vihar, Rohini, Haiderpur, Mukundpur, Ashok Vihar, Sadar Bazar, etc.

With 26 stations, Janakpuri West-R.K. Ashram Marg line will be the longest line.

Also read

On-Metro Ads Can Steer Real Estate Towards Growth

Cities Where Metro Will Steer Realty Towards Growth

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@@Thu Jun 22 2017 14:19:30