Delhi Metro Pink line starts operations; real estate markets to benefit

1 min read

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The eagerly awaited Pink Line of the Delhi Metro Rail Corporation has been officially unveiled for the public and will link well-known shopping hubs like Lajpat Nagar, Sarojini Nagar, South Extension and INA among others. The Lajpat Nagar-Durgabai Deshmukh South Campus portion of this Pink Line has already been given the go-ahead for passenger services. The network under Phase III will be 106 kilometres eventually.

All prominent markets in the National Capital will now have metro connectivity and parking issues will also be addressed in these areas. This new connectivity boost is also expected to boost real estate markets in surrounding areas. The portion that has been opened covers 8.10 kilometres and has 6 stations. There are two interchange stations at INA and Lajpat Nagar. The total length of the Delhi Metro network is now 296 kilometres and there are a total of 214 metro stations. All 6 stations have also got the IGBC (Indian Green Building Council) Platinum rating for adhering to green development regulations.

The Majlis Park-Lajpat Nagar stretch will eventually cover a whopping 29.6 kilometres. The first portion from Majlis Park to South Campus is already functional. The third phase of the metro line between Trilokpuri and Shiv Vihar will also be officially opened this month itself. The final portion to Mayur Vihar from Lajpat Nagar will span 15 kilometres and could be opened in September 2018 as per reports. This will make the entire line fully operational.

The Pink Line is a part of the Phase III network of the Delhi Metro and covers 59 kilometres in all from Majlis Park till Shiv Vihar. This will save commuting time between 6-20 minutes at least for daily office-goers. This new development should play its part in boosting adjoining real estate and commercial markets along the stretch as per experts.

 

Resident Editor