Gurugram’s real estate to get a boost with the advent of Metro project
Gurugram, the bustling satellite city of Delhi, is gearing up for a transformative boost in its real estate sector with the impending metro rail project. Similar to the successful models of DMRC and NMRC in Delhi and Noida, Gurugram is set to establish its dedicated entity, GMRC (Gurgaon Metro Rail Corporation), which is exclusively focused on the city’s metro projects.
Sources from the Haryana government reveal that the Central government will provide vital financial support for the proposed metro expansion in Gurugram. To ensure equity in the project and efficient management of funds, creating GMRC as a separate entity became imperative, necessitating the formation of GMRC.
“The establishment of GMRC and the impending metro project in Gurgaon signal a real estate revolution. Property values are expected to surge with the metro route covering pivotal sectors and business districts. Investors looking for growth opportunities should closely monitor developments along this route, as the metro promises to be a catalyst for appreciation,” says Ankit Kansal, MD and Founder, 360 Realtors.
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Surender Kaushik, MD, Aryan Realty Infratech Pvt Ltd, says, “We see immense potential in Gurgaon’s metro project. The exclusive focus of GMRC on Gurgaon’s metro development is set to transform the cityscape. Buyers and investors can anticipate attractive returns as property values are poised to rise along the metro route, especially in key sectors and business hubs.”
The eagerly-anticipated metro project, approved by the Union Cabinet in June, outlines a crucial link from HUDA City Centre to Cyber City, covering an expansive 28 kilometres and passing through 27
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