Gurugram’s real estate set for a major boost with new Metro Rail project

financialexpress.com:

In a historic move set to redefine Gurugram’s urban landscape and economic prospects, Prime Minister Narendra Modi laid the foundation stone of the Gurugram Metro Rail project today. This momentous event marks the commencement of a visionary project that promises to enhance connectivity, reduce traffic congestion, and significantly boost the real estate sector in Gurugram and surrounding areas.

The Gurugram Metro Rail project, a joint venture between the Haryana government and the Government of India, encompasses a 26.65-km metro extension loop from Huda City Metro station (now Millennium City Centre Metro station) to Cyber Hub. This ambitious ₹5,452-crore initiative is designed to cover the entire old Gurugram region, including a strategic 1.85-km spur to the Dwarka Expressway.

Commenting on the same, Aakash Ohri, Joint Managing Director & Chief Business Officer, DLF Ltd, said, “The modern infrastructure and high-quality living spaces in Gurugram set it apart, making it an appealing destination for those seeking a superior quality of life and investment opportunities. The new Metro route represents significant progress in Gurugram’s infrastructure, enhancing its reputation as an ideal location for living, working, and leisure. With upscale neighbourhoods and a vibrant social scene, Gurugram has long attracted multinational corporations and young professionals. This new metro route not only improves connectivity but also contributes to reshaping Gurugram’s urban landscape, further enhancing its appeal to business leaders, professionals, and investors.”

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This project received the Union Cabinet’s approval in June 2023, underlining the Central government’s