Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Metro station No 2 in Nehru Place by 2016

Sep 03 2012, 01:46 IST
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SummaryNehru Place, the city’s information technology hub, will have a second Metro station in 2016 when Delhi Metro’s Phase-III will become operational.

Nehru Place, the city’s information technology hub, will have a second Metro station in 2016 when Delhi Metro’s Phase-III will become operational.

The South Delhi locality, which has one of the country’s largest information technology markets, already has a Metro station on the Central Secretariat-Badarpur corridor.

A new Metro station will come up in Nehru Place as part of the Janakpuri West-Botanical Garden corridor that will directly provide connectivity between South Delhi and the satellite town of Noida.

The corridor will also bring the domestic terminal of Indira Gandhi International Airport on the Metro map. The new underground station will be constructed on the Outer Ring Road, opposite Paras Cinema.

Five entry and exit points, including a subway across the busy Outer Ring Road, will be constructed. While one entry point will be near Paras Cinema, the other will come up on the road leading to Lady Shri Ram College.

Three other entry points will be built near Nehru Enclave and Veer Savarkar School near Nehru Place. However, there won’t be direct connectivity with the existing Nehru Place Metro station.

The detailed project report of the Metro says 19,546 people are expected to use the station. By 2031, the number will go up to more than 30,000.

Many residential areas such as Nehru Enclave, Kalkaji and Chittaranjan Park will benefit from the second station at Nehru Place.

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