Metro connectivity is one of those things that truly defines the development done to benefit society. Before the commencement of the metro, Noida was just another city in Uttar Pradesh. But, as soon as it got connected with Delhi via Noida Metro, the entire dimension of the city changed tremendously. Now, the next in queue is the Aqua Line Metro, which is all set to start any day. All the preparations are almost done, the fares have been announced and tenders have been floated for feeder buses and e-rikshaws. Once Aqua Line Metro will begin its operation, it will reshape the face of the real estate market of Noida.
So, read this post to know how Aqua Line Metro will impact Noida’s real estate market.
About Aqua Line Metro
Aqua Line Metro is one of the most ambitious projects of the Uttar Pradesh Government that aims to connect Greater Noida with Noida. The estimated cost of construction for Aqua Line Metro is somewhere around ₹5503 crores.
Aqua Line Metro will commence the train service from Sector 71, Noida and will terminate at Sector Delta I in Greater Noida. During its course of commutation, Aqua Line Metro will pass through sectors, such as NSEZ, 137, 142, 143, 144, etc on its stretch.
This entire belt is most popular for offering affordable residential and commercial properties to homebuyers and investors alike. So, the steps of Noida-Greater Noida Metro or Aqua Line Metro will prove to be God’s blessing for the real estate market of the area.
The proximity of metro is a sign of flourishing real estate market; hence inauguration of Aqua Line Metro will see a huge price appreciation in the property pricing of Noida, Greater Noida and Greater Noida West.
Decongestion in Delhi
After the inauguration of Noida-Greater Noida Metro, Greater Noida Metro will become a hotspot for job seekers. A steep rise will be seen among the students using Aqua Line Metro due to a fair presence of colleges in Greater Noida. This, in turn, will decongest the traffic menace in parts of Delhi, such as DND and Kalindi Kunj. On the other side, Delhi is already an expensive market for homebuyers, hence, with connectivity from Aqua Line Metro, people can now make the real estate belt near Noida Expressway a place for their dream home.
Rise in Demand for Residential and Commercial Real Estate
Currently, the commercial sectors in Noida, such as Sector 15, 16, 18, 27, 60, 62 and 63 are most preferred by the companies, even when the rents are sky-high here. On the other side, despite low rentals, people refrain themselves to invest in the commercial real estate on Noida-Greater Noida Expressway. Thanks to the fact that Greater Noida Expressway still lacks connectivity issue from various parts of Delhi and Noida.
However, things will definitely change 360 degrees with the starting of Aqua Line Metro as it will boost the morale of commercial investors.
Also Read: Best Commercial Projects in Noida
Same is the case with the residential real estate market on Noida-Greater Noida Expressway. Sector 44, 45, 93, 94, 96, 97, 98, 105, 132, 144, 150 and 155, are yet to see a full sun as a lot of inventory is waiting to get occupied.
The construction and operation of Aqua Line Metro will give much-needed confidence to homebuyers as well as real estate developers so that they can clear their pile of unoccupied inventory.