Extended Metro Network To Make Ghaziabad Realty More Attractive

Extended Metro Network To Make Ghaziabad Realty More Attractive

Extended Metro Network To Make Ghaziabad Realty More Attractive

The wait for Ghaziabad to have an extended operational Metro network is now over as the Centre on January 23 approved the extension of the Delhi Metro corridor from Dilshad Garden to New Bus Adda in Ghaziabad. 

Ghaziabad Development Authority (GDA) Vice-Chairperson had earlier pledged to complete the project in record time. "The Metro and elevated road are our prestigious projects. These projects would enhance the image of Ghaziabad on the world map... No project would be allowed to suffer for want of funds," GDA Vice-Chairperson Kanchan Verma told media in 2017.

Covering 9.41 km, this Red Line extension to be built at an estimated cost of Rs 1,781 crore will have eight stations — Shaheed Nagar, Raj Bagh, Rajendra Nagar, Shyam Park, Mohan Nagar, Arthala, River Hindon and New bus stand.

So far, Ghaziabad has a Metro connectivity through two operational stations, Kaushambi and Vaishali, parts of the Blue Line network. Upon completion, the line will make commute between Ghaziabad city and Dilshad Garden easier. And that would also add to the charm of Ghaziabad real estate.

From affordable to luxury, the real estate of Ghaziabad has everything to offer. Average property price at Rajnagar Extension stands at Rs 13,000 per square feet (sq ft), you can buy real estate at Dasna for Rs 3,000 per sq ft. Sectors of Vaishali and Vasundhara offer properties in the middle as well as luxury segments.  At Vaishali, for instance, you have to pay Rs 6,000 per sq ft to buy property. In Vasundhara, you have to pay an average rate of Rs 4,000 per sq ft.  Property prices are likely to appreciate further with improved Metro connectivity. And, this trend would be locality specific as a further extension of the network is on cards.

In future, Noida Electronic City Sector 63 will be extended till Mohan Nagar, the New Bus Stand station will be connected till the Hapur Chungi, Masuri route will extend to Noida Electronic City and New Bus Stand stretch will be connected to Lal Kuan.  

Also Read: Livability To Get A Boost As NMRC Takes Up Development Along Metro Stations

Last Updated: Wed Jan 23 2019

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