How the Metro will unlock new real estate frontiers in Tricity

financialexpress.com:

The most transformational infrastructure project for the Chandigarh capital region, the metro rail network promises to radically improve connectivity across the Tricity, comprising Chandigarh, Panchkula and Mohali. With Phase 1 spanning over 82 kms and 67 stations covering key locales, the metro aims to decongest traffic and enhance livability.

As we analyze metro route alignment details, it becomes evidently clear that areas set to gain metro access hold strong potential for real estate growth. Whether due to heightened physical connectivity or growing investor interest, property markets usually see an upswing around mass rapid transit corridors globally. As execution gathers steam in Tricity as well, let us examine key areas that shall transition into real estate hotspots.

Beginning with the Chandigarh municipal limits, the 12-km route with 11 stations connecting Sectors 39 and 26 shall allow the southern parts increased access to the CBD and North zones. Demand for residential plots and floors in condominium projects is likely to rise around stations like Transport Chowk, Dudhera and Industrial Area Phase 1. In fact, regions south of Madhya Marg may even see more integrated township projects now, given the upcoming metro linkage.

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The over 14-km underground route from the Sukhna Lake station near Sector 1 passing through key institutional centers like PGIMER, Panjab University and ISBT 43 holds major promise to ease East-West connectivity woes through intermediate stations like Rose Garden and Sector 42. As travel convenience between educational hubs/healthcare facilities and satellite towns rises, student housing and rental demand could see