Delhi Metro's Influence on Real Estate Prices

To reduce the heavy Delhi traffic.Metro was launched in the year 2002. However, being analyzed as a social benefit compared to be an economic one, has turned out to be highly responsible for the economic growth of the region and the capital. Over the last decade, the prices of the land nearby the Metro areas have expanded as developers flocked in to invest in these areas, and buyers find it a superb option owing an easy development accessibility and in those areas.

Metro has directly influenced the Real Estate Business in Delhi. In a time of real estate boom, localities where metro is operational, tend to acknowledge more than other localities. During slowdown period, these localities also experience a lower price correction. Big infrastructure projects have been launched keeping contiguity to metro as the sole determining factor. The “Metro mall” near Rithala station and “Delhi Hatt” near Kohat Enclave are the ones in point. Retail shopping spaces have also been seen at Netaji Subhash Place station. This is just the beginning, and we would see it become the focal point for major infrastructure projects in the Delhi.

Ever expansion of metro for NCR has been announced, people who were earlier not willing to move out of the city have started looking at NCR as an option.

Today, contiguity to metro has to be one of the most important determining reasons for a property seeker. you can see this effect in the realty prices, for example localities like Dilshad Garden , Mansarover, , Indralok, Pitam Pura, Rohini & Rithala where the metro has been functional, saw an appreciation of 18% – 40% p.a. in the city values from 2005 to mid 2008. These are the areas which were also unaffected during the slowdown from August 2008 onwards. one can see the same trend in Uttam Nagar, Dwarka, Janakpuri, Vikaspuri, Tilak Nagar, Subhash Nagar, Karol Bagh and Patel Nagar.