The foundation stone for the Millennium City Centre-Cyber City metro line in Gurugram has already spurred buyer interest in residential and commercial projects along the corridor, The Times of India reported.
The project, which will cost around Rs 5,500 crore, involves building a new 28.5-kilometre metro corridor that will connect Old Gurugram with New Gurugram. Along the route, 27 metro stations will be developed.
The goal of this extension is to improve connectivity between the city’s older sectors and modern business hubs, cut down traffic jams, and make travel smoother for residents.
The metro line will pass through several key points such as Subhash Chowk, Hero Honda Chowk, and Udyog Vihar, which are already popular commercial and residential areas.
Experts believe this corridor will also impact the real estate market in a big way. Properties located near the metro stations are expected to see steady growth in both capital value and rental income.
According to Vijay Harsh Jha, founder and CEO of VS Realtors, metro connectivity has always been a major factor driving property growth in the National Capital Region (NCR). “This corridor will unlock tremendous value in micro-markets like Dwarka Expressway, Palam Vihar and Old Gurgaon, while further strengthening Cyber City and Udyog Vihar as commercial hubs," Jha was quoted by TOI as saying.
Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd, added that buyer interest in mid-income and premium housing projects will increase significantly. "Integrated townships and residential projects along Dwarka Expressway and near Hero Honda Chowk are already seeing a rise in enquiries. Over the next three to four years, demand could increase by 20–25%," he said.
The commercial real estate sector is also expected to benefit. Vimal Nadar, national director and head of research at Colliers India, said that demand for Grade A (premium) office spaces will pick up across areas like Sohna Road, Southern Peripheral Road, Golf Course Extension Road, and Dwarka Expressway.
Rentals in these markets may increase by 5–10 percent every year, while investors will show more interest in properties near upcoming metro stations.
The metro project is scheduled to be completed in four years. It will also include app-based feeder bus services and dedicated parking areas to ensure smooth last-mile connectivity.
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