How expansion of Aqua line Metro to Noida-Greater Noida is a Sign of Relief

Explained: How expansion of Aqua line Metro to Noida-Greater Noida is a Sign of Relief

The Uttar Pradesh Government is doing every bit to decongest the Noida-Greater Noida region and has recently sanctioned the expansion of aqua line metro to Gaur Chowk. This extension is a sign of relief to the residents of Greater Noida West. If you are also planning to move in this locality then here are the key things to know about the extension of the aqua line to greater Noida west.

Know the Locality:

  • Greater Noida West is a highly populated area and has various residential townships like Gaur City I and II, Mahagun Mywoods and Mahagun Mantra to name a few. Presently, the locals travel via autos or cabs to reach Sector 52 metro station that offers connectivity to the blue line on Delhi metro and also offers direct connectivity to different sectors of Greater Noida on the aqua line.
  • Greater Noida West is also known as Noida Extension and has been waiting for the metro route from a long time. The average property value in Noida Extension ranges between Rs. 3,060 per sqft to Rs. 4,378 per sqft.

Here is all you need to know about Aqua Line Metro Extension:

  • UP CM Yogi Adityanath sanctioned Rs. 2,682 Crores for the expansion of the aqua line to Greater Noida West. Ritu Maheshwari, Managing Director, NMRC [Noida Metro Rail Corporation] informed about the development and the construction work will begin within three months from now.
  • The Noida Metro Rail Corporation is conducting the geotechnical investigation at Greno West, Kisan Chowk and tenders will be invited for bid once the soil testing is completed by the authority, PD Upadhyay, Executive Director, NMRC said.
  • Year 2023 is the proposed completion year for aqua line expansion to Greater Noida West. The route will be developed in a phase-wise manner. In Phase-1, NMRC will build five stations at Sector 122, Sector 123, Greater Noida Sector 4, Eco Tech and Greater Noida 2. In Phase-2, the aqua line metro route will be expanded to Greater Noida Sector 3, Sector 10, Sector 12 and Knowledge Park V.
  • This metro line extension is 14.95 Km long and is planned to have nine metro stations that will make commutation easy for the residents of Gaur City and Noida Extension.
  • The Aqua line was dedicated to the citizen on 25th January this year by Yogi Adityanath, CM, Uttar Pradesh and Hardeep Singh Puri, Union Minister for Housing and Urban Affairs. This metro route construction incurred Rs. 5,503 Crores and has 21 stations on the stretch of 29.7 kms.
  • The minimum fare per ride on the extended aqua line will be Rs. 9 and the maximum fare will cost Rs. 50. The commuters can buy QR- coded paper tickets or smart cards to travel on the aqua line but these tickets and cards cannot be used for the connecting journey on the blue line metro managed by DMRC i.e. the Delhi Metro Rail Corporation.

Impact of Aqua Line Metro Expansion on Real Estate Market:

  • Easy Connectivity to Noida has become much convenient. Not only this but traveling to Gurugram and Delhi will also become easy due to the last-mile connectivity of aqua line metro.
  • Boost to Realty Market as the Noida Extension has a huge range of affordable housing projects and the expansion of aqua line metro to gaur city will boost the demand for residential property in Greater Noida West.
  • 20% increase in property prices in Greater Noida West is what the real estate experts predict as metro connectivity is a need of the hour.
  • Property Investment in Noida Extension is a wise decision today as the smartly developed infrastructure in the city will yield better rental income in the future.

Conclusion:

The façade of Greater Noida West is going to change completely in the next three years and thus buying a residential property in Noida Extension today is a smart decision. The reforms like 0% GST on the ready-to-move-in properties and lower rate of GST on the under-construction properties will boost the demand and supply in the Noida Extension region.

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