To improve last mile connectivity in the South-west part of Delhi, the Delhi Metro Grey Line is all set to begin its operation from the month of September. The grey line corridor will connect Dwarka with Najafgarh. As per the officials, around 90% of the construction work has already been completed with security test and final touch to stations just left behind.
Delhi Metro Grey Line
According to earlier plans, the corridor was expected to start in 2016, but due to land acquisition problems, the project got delayed.
The grey line is the shortest metro corridor covering an area of just 4.295 km. There will be three stations that include Dwarka, Nangli and Najafgarh (Dhansa Bus Stand), of which the first two will be elevated while the third one will be underground. Passengers traveling to Najafgarh from Ghaziabad or Noida have to interchange at Blue Line metro station of Dwarka. With the commencement of this corridor, there will be a big relief to daily commuters between Najafgarh, Nangli, and Dhansa Bus Stand which are considered as one of the busiest and congested areas of Delhi.
Impact on Real Estate Market
Being an outer part of Delhi, Najafgarh has not been able to woo property buyers due to less infrastructure and real estate developments. Most of the residential developments are available here in the form of plotted land parcels in Budget-friendly prices. At present, the average property price of the residential plot is Rs 33,080 per sq.ft.
Once the metro corridor will become operational, the property prices of these plots will increase just like the other surrounding areas like Dwarka, Uttam Nagar, and Nawada. These areas have also seen a price rise just after the commencement of Delhi Metro Blue Line.