The Haryana Mass Rapid Transport Corporation Limited (HMRTC) and the Gurugram Metro Rail Limited (GMRL) are both special purpose companies (SPVs) that are run by the Haryana government and the Central Government

By Bricksnwall | 2025-09-06

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) and the Gurugram Metro Rail Limited (GMRL) are both special purpose companies (SPVs) that are run by the Haryana government and the Central Government


The groundbreaking for the Gurugram Metro expansion is meant to make it easier to get around the city and raise the value of real estate.

 

The first stone for the Gurugram Metro expansion project was set on September 5 by Union Housing and Urban Affairs Minister Manohar Lal Khattar and Haryana Chief Minister Naib Singh Saini. The proposed 28.5 km line would connect Old Gurugram and proposed Gurugram and have 27 stops along the way. This addition is supposed to make it easier for individuals who live in the city's older sections to travel to work, strengthen links between vital economic centres, and ease traffic.

 

Khattar spoke at an occasion following the "bhoomi pujan" and claimed that the 28.5 km-long metro route from Millennium City Centre through Cyber City to Dwarka Motorway will cost about 5,500 crore.

 

The project will take four years to finish and will have stations at Subhash Chowk, Hero Honda Chowk, Udyog Vihar, Palam Vihar, and other sites. Khattar, who used to be the chief minister of Haryana, said that the metro line would make Gurugram stand out.

 

He also said that the metro extensions from Rejangla Chowk to Dwarka Sector-21 and from Sector-56 to Pachgaon, as well as the Namo Metro Corridor that connects Delhi-Karnal, Delhi-Neemrana, and Gurugram-Noida through Faridabad, will make it easier for people to get around in Gurugram and the rest of the National Capital Region.


Real estate experts noted that the project is meant to do more than just improve transport. It is also meant to close the mobility gap between Old and New Gurugram, make daily commutes easier, and unlock the real estate potential of both old and new corridors. This is predicted to increase demand in both the primary and secondary housing markets and change the city's growth path.

 

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) and the Gurugram Metro Rail Limited (GMRL) are both special purpose companies (SPVs) that are run by the Haryana government and the Central Government), which is in charge of carrying out the project, will do so.

 

The city only has two metro lines right now: a 7-kilometer portion of the Yellow Line and a 12.85-kilometer Rapid Metro route.


"The opening of Gurugram's new metro line is a big step forward for getting around in the city. This new metro line should make it easier to get to important business centres, residential areas and basic services, as well as cut down on travel times. This infrastructure is projected to increase demand, especially for high-end and luxury homes, as convenience becomes more important to homebuyers and residents. "Better connectivity will make life better and help property values rise across Gurugram's real estate market," said Harinder Dhillon, National Sales Head at BPTP.

 

Experts think that some renovation will happen in Old Gurgaon, like in neighbourhoods of Delhi that are connected to the Metro. However, property prices may not change much because there are so many of them. Real estate analysts say that the corridor will also help projects along the Dwarka Motorway, where there is still a lot of new residential and commercial space.


Gurugram's metro extension will affect the way people get around.


The planned metro line will go from the Millennium City Centre Metro Station (previously HUDA City Centre) to Cyber City at Moulsari Avenue. It would cover the whole old Gurugram area. A planned 1.85-km offshoot will also link the road to the Dwarka Motorway, making Gurugram even more a part of Delhi-NCR's transport system.

 

The planned stations will be in major places including Millennium City Centre, Cyber Park, Hero Honda Chowk, Udyog Vihar, Palam Vihar, Ashok Vihar, Subhash Chowk, and Basai Village.. When it is finished, the project will make traffic much less congested, make it easier to get to work, and connect Old and New Gurugram better.

 

The Dwarka Motorway is the place to be.


Real estate analyst Pradeep Mishra, who is the founder and director of Oram Group, said, "Since 2020, the number of homes available for sale on Dwarka Motorway has consistently been more than 10,000 units, compared to 5,000–7,000 units before the pandemic." Mishra added, "Developers are actively starting projects, and more than 25,000 units are set to be delivered in the next three years."

 

The average prices along the Dwarka Motorway are now between 12,000 and 14,000 per square foot, and they went up by 29% in 2024 alone. Top developers' premium projects have already gone above this level.

 

"In 2010, land along the Dwarka Motorway sold for 40,000 per square yard. These same lands are now worth 3 lakh per square yard. He went on to say, "Apartments that were bought for ₹2,500 per sq. ft. in 2010 are now worth ₹12,500 per sq. ft."

 

Sudeep Bhatt, who is in charge of strategy at Whiteland Corporation, said, "The new metro line's foundation shows that Gurugram is ready for the future." Better connections would not only make the lives of thousands of commuters better, but they will also help with planned urban growth. This will assist increase demand for both the primary and secondary real estate markets. We predict property values to go up a lot over the next few years, especially in micro-markets that are immediately connected by this metro line.


The laying of the foundation stone for the new Gurugram metro line is a big step towards making the city's infrastructure stronger. The metro expansion will make it easier for people to get to work and open up a lot of real estate opportunities along the line. Mohit Malhotra, founder and CEO of Neoliv, said, "We expect a big rise in housing demand across Gurugram and nearby towns as access to business centres and residential areas improves."


Source: Hindustan Times

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