Delhi and NCR is home to a lot of people and Gurgaon is one of the emerging industrial cities of the national capital region. Today, with increasing commercial opportunities, people are flocking to Gurgaon in numbers every year. In turn, the demand for real estate has been increasing. Therefore, real estate developers are coming up with innovative commercial as well as residential constructions to fit in the growing population. Gurgaon has now come under the rail network as metros are connecting all the significant areas. It is having the longest rail network and all the humongous infrastructural projects are taken by Gurgaon.
Does the Construction of Metro Affect the Real Estate Pricing?
Development is always based on roads and construction of transportation means there will be other related infrastructural developments too. Therefore, keeping this in mind, if we consider the metro in Gurgaon, it is one of the finest ways of development. Many corporate sectors have set offices and a huge number of people travel for work.
Now, when it comes to real estate price in relation to the development of metro, it is evident prices do reflect the equation. It is because when Metro becomes operational, not only commercial but residential areas also develop and faces price impact due to better connectivity.It is this connectivity that enhances employment, and therefore the demands for homes also rises.
Once the Metro starts operating in a full-fledged manner, the nearby locality also develops. People open up shops, hawkers start businesses, and the demands for commercial and retail spaces also expand. Barren lands and open spaces are taken up by builders and altogether the entire neighbourhood entailing the metro area gets a restructure. Developers are in profit as there is a constant rise in construction work.
Metro Line Entails affordable Housing Gurgaon
The metro route to Gurgaon starts from Delhi’s Chattarpur, Sultanpur, Ghitomi, Guru Dronacharya, Sikandarpur, MG Road, IFFCO Chowk and Huda city centre. So the entire stretch is today a developed area and if you are looking for affordable housing project in Gurgaon, then you are sure to get some handy apartments.
Now, if you are searching for a housing complex near the metro, then there are ample options. For example, Huda affordable housing Gurgaon is one of the leading real estate projects and that can give you the best stay and living opportunities. With Huda, you can get access to limitless amenities for your housing and contemporary living.
Moreover, with the newly proposed link with Delhi, Gurgaon is on the verge of expanding the metro connection. It will start from the Airport Express network and will reach Dwarka Sector 21 and connect with the IFFCO Chowk station at the end.
Therefore, with the newly proposed plan, you can witness the growth of real estate as well as commercial estates. The price of real estate depends on the mode of transportation, the better the connectivity, the prices are likely to soar. Therefore, if you are planning to buy property in the metro area then it might be slightly higher than the other non-metro connecting neighbourhoods.