Encompassing more areas in its network, the Delhi Metro has initiated its work on the Najafgarh and Dhansa Stand over Dwarka – Najafgarh – Dhansa stretch. The project has started in the wake of improving connectivity to areas such as Nangli and Najafgarh as they are quite an off-beat locations for accessibility. This step will surely boost the real estate market of Dwarka and Najafgarh stretches. In fact, the rental as well as capital markets of Dwarka and Najafgarh will be flourishing extensively. And this will enable investors to opt for budgeted options available there.
The work on the Dwarka – Najafgarh – Dhansa Stretch has already initiated in the month of January 24, 2019. Giving their verdict in this direction, the experts have stated that the project is expected to get completed by September 2019. Taking note of the current situation, people are not able to access Najafgarh and Dhansa because both the places do not have appropriate transport facilities. The metro line on the Dwarka Najafgarh stretch is Grey Line, which has been developed to bring respite to the commuters to the remote area. And also to notice that the development of Grey Line Metro would pave the way for recovery of previously quiescent real estate property prices.
Certainly, it is a step towards increasing better connectivity between Delhi’s central area and the remote one. This development is all set to change the face of the areas. Along with this, it is meant to give a boost to land rates of Najafgarh and surrounding areas. Indeed, the rates have been stagnant within the bracket of Rs. 4000 to Rs. 6000 per sqft. So, the investors will get to witness a hike in the price of the existing properties that have been unsold because of proper accessibility. And of course, the implementation of Delhi Master Plan 2021 will shoot-up the prices of the properties.
Taking note of the Grey Line Metro’s impact on Noida, it is going to enhance the housing demand further. Right now, Blue Line Metro is already serving the people of Noida, which has made it easily connected to Gurgaon and other parts of Delhi. This will make Dwarka to be a an essential point surrounded by Pankha Road, Najafgarh Road, Rewari Railway Line and even International as well as Domestic Airport. Throwing light on this aspect, Sahil Gupta of Gupta Realtors stated that existing price of a 3BHK or 4BHK ranges between Rs. 17000 to Rs. 27000 per sqft. With the initiation of Grey line, the prices of the properties are surely going to surge high.