Work on the much-awaited 30 km long elevated Metro line connecting Noida-Greater Noida will begin in May 2014. The project, estimated to cost around Rs 5,500 crore and is expected that the construction will be completed in three years, by 2016.
Rama Raman the chairman of Greater Noida Industrial Development Authority (GNIDA) said that “Efforts are being made to start work on Metro rail project connecting Noida and Greater Noida.”
The proposed Metro line between Noida and Greater Noida along the expressway will have 22 stations, 15 stations will come under Noida's jurisdiction and 7 under Greater Noida. These stations will improve the connectivity and also connect some of the busiest locations across Noida and Greater Noida to reduce the travelling time.
If this project gets completed then metro line will be a boon for the people, the realty sector market, investors and home buyers to invest in Noida and Greater Nodia. The metro network will provide a faster connectivity between Noida and Delhi. The 30 km long elevated Metro line project will for sure boost the prospects of the realty market of this region.
Noida is also set to get an IT landmark, according to Noida Authority officials, the IT giant will soon set a new unit in UP with an investment over 100 crore. IT major Infosys headed for Noida with an investment of Rs 1,354 crore and has acquired one lakh square metres of land that is 25 acres in Noida Sector 85.
They have reserved 3,40,000 square meters of land for industrial development along Noida Expressway, which will generate investments worth Rs 28,000 crore. It is one of the biggest investments that our state can possesses of in IT sector and boast it.
This will not only improve infrastructure but also be a major boost to industrial and realty sector growth in the region.