The Uttar Pradesh Cabinet has approved a detailed project report for extending the Noida Metro's Aqua Line from Sector-142 to Delhi Metro's Botanical Garden station, costing INR 2,254.35 crore. The 11.56-kilometer extension will feature eight new stations, enhancing connectivity and urban mobility across Noida. This project is anticipated to boost the real estate sector, with increased property demand and potential value appreciation in sectors 44, 93, 97, 105, and 108. With an estimated initial ridership of 80,000 commuters, the extension promises seamless interchange between the Aqua and Blue Lines, directly connecting to Indira Gandhi International Airport via the Magenta Line.
The Uttar Pradesh Cabinet has recently given the green light to a detailed project report for extending the Noida Metro's Aqua Line corridor from Sector-142 to Delhi Metro's Botanical Garden station. The project, estimated to cost INR 2,254.35 crore, now awaits final approval from the central government.
The extension of the Aqua Line aims to improve urban mobility by providing efficient and reliable public transportation. With an 11.56-kilometre stretch featuring eight new stations, including Botanical Garden, Noida Sector-44, Noida Office, and others, this development promises to enhance connectivity across Noida and its neighbouring areas.
This metro extension is expected to have a significant impact on the real estate sector in Noida. Improved connectivity is a key factor that attracts real estate investments. The areas around the new metro stations are likely to see a surge in property demand, leading to potential appreciation in property values. This is particularly beneficial for residential and commercial properties located in sectors 44, 93, 97, 105, and 108.
Lokesh M, Managing Director of the Noida Metro Rail Corporation (NMRC), highlighted the project's importance in providing seamless connectivity for commuters. The extension will facilitate easy interchange between the Aqua Line and the Blue Line at Botanical Garden station, connecting commuters directly to the Indira Gandhi International Airport via the Magenta Line. This multimodal integration is expected to make commuting more convenient, benefiting thousands of daily travellers.
The proposed corridor's impact extends beyond just improved transportation. It is poised to create new real estate opportunities, with developers eyeing the potential for new projects and increased demand for housing and commercial spaces. The Botanical Garden station, set to become a major interchange hub, will likely attract significant commercial development, making it a prime location for businesses and retail outlets.
The project is anticipated to have an initial ridership of approximately 80,000 commuters, further emphasising its importance in the region's transportation network. The final approval from the central government will be a crucial step in bringing this ambitious project to fruition.
In conclusion, the Noida Metro's Aqua Line extension is set to not only enhance urban mobility but also drive substantial growth in the real estate sector. Improved connectivity, coupled with new development opportunities, will make Noida an even more attractive destination for both residents and investors.
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