Metro to Sector 62 is good news for real estate

The existence of Metro stations has great impact on the residential property markets. According to a recent study, an upcoming metro station can increase property prices in the locality by around 20 percent. With Delhi Metro Rail Corporation's recent announcement to extend its existing Dwarka-Noida City Center corridor to Sector 62 and subsequently to Greater Noida, we can expect something similar.

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Route

Part of the Phase III plan of DMRC, the new corridor is expected to connect Noida to the heart of Delhi. It will start from the existing Noida City Center station and will pass through sectors 34, 51, 59 and 62 while terminating at Electronic City. A nodal station at Noida Sector 52 will act as an interchange station for the Metro line coming up at Greater Noida.

The proposed extension will start from Noida City Center and run along the Captain Shashi Kant Marg for about 2.2 km before taking a left turn near Sector 52. It will then run along the road leading to Sector 62 and finally, along NH 24 for about 4.5 km.

This route would integrate the three main cities of Delhi, Noida and Greater Noida in the National Capital Region and enhance connectivity.

Real Estate Impact

Apart from increasing connectivity, this route is expected to boost the real estate market. Areas surrounding sector 62, 34, 36 and 59 are especially expected to benefit from the DMRC move.

Improved connectivity would attract more organizations to set up their offices in the area fueling the real estate demand in Noida. For investors, this is an attractive opportunity to acquire property and benefit from the expected price appreciation in future.