The METRO Effect

As the Delhi metro rail moves to the various parts of the national capital region, easing the day to day life of locals in the capital, market watchers term it as a perfect opportunity to expand its real estate business.

Most of the people are seeking rental accommodation close to metro stations, which is making life comfortable and better for them. It is has also boosted the demand for rental accommodation as well as commercial properties close to metro stations. As the metro network expands beyond the capital, it is has improved infrastructure and real estate demands. Ghaziabad is one such example, with metro touching Anand Vihar and slated to move into Vaishali and Vasundhara in Ghaziabad soon, the realty scene of the entire area has suddenly witnessed a major change.

The Delhi metro network has served to be a huge relief to large number of daily and occasional commuters, who had to struggle to reach their destinations due to a poor public transport system and chaotic traffic.

Metro’s ingress into NCR cities would prove to be a game changer for realty players, and the metro factor has led to the increase in demand for flats of almost all the realty firms, said Anil Sharma, CMD of Amrapali group.    While the Metro is on the move, there is still a great scope to improvise its service.