by Anushree Ghosh
On Dec 25th, Delhi NCR received its Christmas gift as the PM inaugurated a part of the magenta line from the Botanical Garden(Noida) to Kalkaji Mandir (Delhi). Many advanced features are reported to be included in the new metro line: wifi at every station, additional space for wheelchair-bound people and advanced phone charging points. The key highlight is the use of technology that can enable transport without a driver. Vibrant colors are being used to make travel interesting: use of blue, pink and orange can be seen prominently. Currently, 10 trains would be running on this line.
According to the report published by ‘The Hindu’ on Dec 25, 2017, Prime Minister Narendra Modi quoted: “By 2019, we aim to connect every village by roads – finishing the Prdhan Mantri Gram Sadak Yojana project — started by Atal Bihari Vajpayi.”
The magenta line has strengthened the connectivity between South Delhi and Noida which is a sigh of relief for the Noida residents. Previously, commuters had to change metros at Mandi House, and now they can come straight to Kalkaji Mandir. The extended plan that includes a change at the Hauz Khas metro station would make traveling to Gurgaon from Noida real easy. As a result, the overpopulated Rajiv Chowk metro station could get some visible walking space. Educational institutes like Amity University, Jamia Milia Islamia and Indian Institute of Technology would be easily accessible after the completion of all the phases of magenta line.
In the upcoming stages when the route would cross the important markets of Delhi like Greater Kailash, Panchsheel Park, RK Puram, Hauz Khas, Vasant Vihar till Janakpuri, we expect the rentals of this place to go up. Not only the commercial marketplaces but the residential colonies in the vicinities would also witness a hike in the property prices. The upgraded connectivity would increase the demand for living and working spaces in parts of south Delhi, interiors of Faridabad. Although, lack of proper parking spaces in the already congested areas of South Delhi makes these places uninteresting for the home buyers. But, due to its closeness to the working spaces in Gurgaon, it remains one of the favorites for property investors in the capital.
When the full stretch of the magenta line gets completed from Botanical Garden to Janakpuri, the property requirement and prices would fluctuate accordingly. People looking to rent a place would prefer to take houses near Botanical Garden who are currently residing elsewhere in Noida or places that are in Delhi but close to Noida. Also, people living in highly populated colonies of Delhi could consider shifting to the spacious apartments of Noida in areas close to the metro station. Even if the difference in rentals are not huge; decongested areas and good connectivity could be the super points to make decisions for home buyers and seekers.