The Delhi Mass Rapid Transit System, commonly known as the Delhi Metro, has undergone significant expansion. Since its inception in December 2002, this transportation network has not only become the preferred mode of public transport but also a model for similar systems throughout India. The current system, known as Phase I, is slated for further growth with three additional phases scheduled for completion in 2010, 2015, and 2020 respectively. Upon completion of Phase IV, the Delhi Metro is projected to surpass the London system, securing its position as the world's largest public rail network.
These four phases, along with the northern and southeastern suburban developments outlined in the Delhi Metro Masterplan 2021, have and will continue to significantly influence the region's real estate sector. Improved connectivity and ease of travel within Delhi and the National Capital Region (NCR) areas of Gurgaon and Noida are expected to become effortless, and the economic benefits are already evident. The introduction of the Metro, for instance, has had a positive impact on land prices and apartments constructed by companies like Unitech Ltd. and DLF, a major private real estate developer with substantial land holdings in Gurgaon.
The remarkable growth rate of the region is producing a positive economic ripple effect, particularly in the real estate market. This growth is also having a favorable influence on the job market, resulting in a steady decline in unemployment rates across major industries, including automotive, healthcare, and technology sectors.