Phase 4 of the Delhi Metro: Outline, Geography and Real Estate Impact
Throughout years, the Delhi metro program was the center of attention in India when it comes to infrastructural interconnectivity and superiority.
Continuous attempts are undertaken to expand the existing infrastructure, and Delhi Metro Phase 4 is the most recent addition towards this effort.
The metro system’s Phase 2 will give last-mile connection to the NCR’s newly created housing regions. The authorized and outstanding routes, the Delhi metro phase 4 map, and the Delhi metro phase 4 updates are all covered in this page.
Phase 4 of the Delhi Metro: Outline and Geography
Delhi’s metro phase IV, an expansion of the New Delhi metro, is meant to cover developing districts and housing sites inside the National Capital Region (NCR). The Indian government has approved three routes for this proposed route project in March of this year.
Tughlakabad to Aerocity, Maujpur to Mukundpur, and Janakpuri West to R.K. Ashram are among the routes available. The distance between Delhi Metro Phases 4 and 5 is roughly 61.679 kilometers.
The construction of these corridors was supposed to begin in 2017, and yet due to numerous hold ups, it only started in December 2019. The Delhi metro’s phase 4 project is expected to serve 1.5 million commuters each day.
The Real Estate Impact of Phase 4 of the Delhi Metro
The Delhi Metro’s fourth phase will make travel easier and boost the National Capital Region’s real estate. The fourth phase of the Delhi Metro has been granted, and its disclosure will benefit not just the financial market but also the rental market in the years ahead. Since the beginning of building, the property worth of the capital market has increased. Nevertheless, due to the obvious link, the rental market is projected to gather momentum after the work is finished.
The real estate market is expected to expand all around planned routes, as according to analysts. In the following months, prices are expected to grow by 5-10%, particularly in prime areas such Pitampura, Uttam Nagar, Janakpuri, Paschim Vihar, and Prashant Vihar.
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