More residential developments likely along new route
The Delhi Metro corridor is being extended by 6.675 km from Noida City Centre to Sector-62 of Noida in Uttar Pradesh, boosting transportation network and residential developments along the route.
The Union Cabinet has approved the extension, costing Rs.1,967 crores.
The project will be implemented by Delhi Metro Rail Corporation Limited (DMRC), the existing Special Purpose Vehicle (SPV) of the Indian Government and Government of National Capital Territory of Delhi.
It will be covered under the legal framework of Central Metro Acts, Metro Railways (Construction of Works) Act, 1978 and the Metro Railways (Operation and Maintenance) Act, 2002, as amended from time to time.
The extension of Delhi Metro corridor from Noida City Centre to Noida Sector 62 is the extension to Dwarka-Noida City Centre line of Delhi Metro system which will result into people being assured about their mobility and thus more people will like to move to this satellite town of Delhi, thus decongesting Delhi. The extension will have six metro stations.
As a result, more residential and commercial complexes will develop in this region. With metro rail in place, there will be less vehicular traffic on roads leading to less congestion, less time and cost of journey, less consumption of fossil fuel and less environmental pollution.
Noida City
The Noida city, located in Gautam Buddha Nagar District of Uttar Pradesh State, was created under the Uttar Pradesh Industrial Area Development Act.
It possess all modern amenities and is considered to be one of the most modern suburbs of Delhi in the National Capital Region (NCR).
Due to lush green and open area in the city, more and more people from Delhi and surrounding area are preferring NOIDA as their settling place.
The trend of urbanization of Noida is upward.
An increasing number of Industrial and Institutional units are locating to Noida which has connectivity with Delhi and the adjoining areas of Uttar Pradesh and Haryana State. fii-news.com
