Prime Minister Narendra Modi will lay the foundation stone of the Gurugram Metro project on February 16. The Haryana government had approved the formation of the Gurugram Metro Rail Ltd, which shall be jointly owned by the Haryana government and the Government of India, to execute the metro extension project early this year.
It was approved by the Union Cabinet in a meeting chaired by PM Modi on June 7, 2023. It includes the Gurugram metro extension project from Huda City Metro station (since renamed Millennium City Centre Metro station) to Cyber Hub in a 26.65-km loop covering the entire old Gurugram region. It also includes a 1.85-km spur to the Dwarka Expressway. The cost of the project has been pegged at ₹5,452 crore.
The Central government will provide vital financial support for the proposed metro expansion in Gurugram. To ensure equity in the project and efficient management of funds, creating GMRC as a separate entity became imperative, necessitating the formation of GMRC.
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“It will no doubt have a long-lasting impact on the city’s development and lead to price appreciation, making investing in this region a highly value-for-money proposition. The proposed metro will provide a transformative boost to its real estate sector. Like the successful models of DMRC and NMRC in Delhi and Noida, Gurugram is set to establish its dedicated entity, GMRC (Gurugram Metro Rail Corporation), which focuses exclusively on the city’s metro projects. The realty sector is enthused by this,” says Nayan Raheja of Raheja Developers.
“Gurugram Metro will provide a crucial link from HUDA City Centre to Cyber City, covering an expansive 28 kilometers and passing through 27 strategically-located stations. It promises seamless connectivity between old and new Gurugram and will immensely benefit both parts of Gurugram,” says Shantanu Gambhir, Co-Founder & MD, Rise Infraventures.
The proposed metro corridor also includes a 1.85-km spur for Dwarka Expressway and is poised to be a game-changer for Gurugram’s and Dwarka Expressway’s real estate landscape.
“As development progresses, the commercial prospects of strategically located projects along the metro route, including adjoining regions such as Dwarka, will soar and add to the value propositions our project brings to the locality. It presents an attractive prospect for self-use or investment purposes,” says Mohit Goel, MD, Omaxe Group.
“By providing faster connectivity to Dwarka Expressway, Gurugram Metro will enhance urban mobility and will catalyse development and yield substantial returns on real estate investments, making it a compelling opportunity for discerning buyers and investors alike,” says Amit Gupta, Director, Orris Group.
The proposed metro route is an extensive network covering Gurugram’s key sectors and business hubs commencing from Sector 45 and extending through Cyber Park, Sector 46, Sector 47, Sector 48, Technology Park, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Krishna Chowk, Palam Vihar Extension, Palam Vihar, Sector 23 A, Sector 22, Udyog Vihar Phase 4, and culminating at the vibrant CyberHub.
The daily ridership projections add another layer of optimism, estimated to be around 5,34,000 by 2026, growing to approximately 7,26,000 by 2031. The numbers are anticipated to increase to 8,81,000-10,70,000 daily riders by 2051.