The real estate community in Gurugram is buzzing with excitement and optimism as Prime Minister Narendra Modi laid the foundation stone for the city’s new metro route. This pioneering infrastructure project is poised to bring unprecedented levels of change to the regional property market, giving all stakeholders a chance to capitalize on the vast array of opportunities for growth and prosperity.
This project is expected to bring about a surge in demand for properties in proximity to the metro route, presenting lucrative opportunities for growth and investment.
The completion of the project is anticipated within four years from the date of project sanction. It will be carried out by Haryana Mass Rapid Transport Corporation Limited (HMRTC), established as a 50:50 Special Purpose Vehicle (SPV) jointly owned by the Government of India and the Government of Haryana.
Key players in the real estate industry expressed optimism as the Gurugram metro project took off, foreseeing a transformative impact on the city’s landscape. With improved connectivity and accessibility, the project is set to unlock a wave of investment opportunities and reshape the dynamics of Gurugram’s real estate market.
Amidst the launch, industry leaders shared their perspectives:
“The inauguration of the new metro route in Gurugram by Prime Minister Narendra Modi signifies a monumental leap forward in urban development. With improved connectivity and streamlined transportation, Gurugram emerges as a prime destination for real estate investment. This initiative not only enhances the quality of life for residents but also underscores the government’s commitment to infrastructure development.
We anticipate a surge in demand for properties in proximity to the metro route, presenting lucrative opportunities for growth and investment. The project aligns perfectly with our vision of creating vibrant, accessible communities that cater to modern lifestyles.”-Aman Sharma, Founder & Managing Director Aarize Group.
“We applaud our honorable Prime Minister Narendra Modi’s announcement regarding the inauguration of a new metro route in Gurugram on February 16. This endeavor holds the promise of revolutionizing urban connectivity and infrastructure, thereby presenting fresh avenues for real estate investment and growth. With the enhancement of transportation networks, Gurugram is poised to become a coveted destination for both homebuyers and investors.
We eagerly anticipate our role in shaping the city’s skyline, contributing to its progress and prosperity. This transformative venture aligns seamlessly with our dedication to constructing dynamic, eco-friendly communities that cater to the evolving requirements of contemporary living.”- Mr. Santosh Agarwal, Executive Director and CFO, Alphacorp
Abhishek Trehan, Executive Director, Trehan Iris “Infrastructure has played an indispensable role in the constant evolution of Gurugram as a commercial and residential hub. The foundation laying ceremony of the proposed Gurugram Metro Rail project is a significant development in the city’s infrastructure upgrade. The project aims to connect the new Gurugram to the old Gurugram, bringing two key sides of the city closer, facilitating easier access for people to commute, and enhancing the city’s public transportation system.
The proposed metro rail project will have an extensive network covering the city’s business hub and key micro-markets, making it a game-changer for Gurugram’s real estate market. The continuous improvement in the city’s infrastructure landscape augurs well for the commercial sector’s growth, with the demand for Grade-A offices in Gurugram and emerging corridors increasing every quarter, and leasing activity also picking up.
The upcoming metro corridor is likely to further influence commercial activity and boost demand for residential in and around the region, opening up new avenues for real estate development, and transforming the face of Gurugram forever.”
Mr. Ashish Sharma – AVP Operations, Brahma “The launch of the Gurugram metro project, connecting Millennium City Centre Metro station to Cyber City, marks a significant milestone in the city’s infra development. The constant expansion of the metro network in the city will further enhance better connectivity and accessibility in and around the region. Any infrastructure development further elevates the corporate sector and marks a significant impact on the real estate sector.
Connecting the two important locations through the metro line has further facilitated easier access for commuters and will fuel economic growth and development in the city. Such infra enhancement in the city further bodes well with the city’s corporate landscape, making Gurugram the most preferred location for the corporate sector. Besides, this will impact the development of the region leading to new opportunities for real estate development.
This will make the region more desirable for commercial purposes, attract investments and stimulate growth in the real estate sector. Moreover, public transport upgradation reflects Gurugram’s commitment to modernizing its infrastructure to meet the demands of a growing population and strengthen its status as a prominent economic and commercial hub in the region.”