Rapid Metro's Impact on Gurgaon's Real Estate
Boon for Residents and Businesses Alike
The Rapid Metro in Gurgaon has revolutionized the commute for residents of MG Road, DLF Phase II and III, benefiting every class of people in the city. Its effects are also being seen in the commercial properties of Cyber City.
Key Statistics: Price Rise in Residential Properties
- Price Appreciation: Residential properties in the area have witnessed a significant price rise, ranging from 40% to 90% since the construction of Rapid Metro.
- Price per Sq Ft:
- Previous: ₹7,000 per sq ft (near Rapid Metro)
- Current: ₹13,500 per sq ft (near Rapid Metro)
- Other Projects: Similar price increases have been observed in other projects near the Rapid Metro.
Impact on Rental Activities
- Rental Growth: DLF Cyber City has seen a 50% increase in rental activities over the last three years, driven by enhanced connectivity to the National Capital via Rapid Metro and Delhi Metro.
- Expected Trend: Prices are anticipated to continue rising, albeit at a reasonable rate, due to improved connectivity across the city.
Benefits of Rapid Metro
- Ease of Commute: Provides effortless travel to offices.
- Savings: Leads to substantial savings for commuters.
- Traffic Reduction: Expected to decrease shared autos and rickshaws on the road, thanks to direct connectivity to workplaces via a couple of stations.
- Key Stats:
- Track Length: 5.1 km
- Estimated Ridership: 55,000 passengers per day
- Number of Stations: 6
- Additional Feature: Direct connectivity to Delhi Metro through skywalks.