This led to the expansion of the Delhi Mass speedy Transit System, or Delhi Metro as it is known. The success of this transport network that began procedure in December 2002 now sees it as not only the public transportation of choice, but the model itself has become the standard for the development of other systems across India. And yet the current metro system, known as Phase I, is itself set to grow with another three phases, scheduled for completion in 2010, 2015 and 2020. By the time Phase IV is operational, the Delhi Metro will have found its place ahead of the London system as the biggest public rail network in the world.
It is easy to see why these four phases of the transportation network, together with the northern and southeastern suburb developments included in the Delhi Metro Masterplan 2021 have impacted and will continue to impact the real estate industry of the area.
Connectivity and traveling within the city and in the NCR areas of Gurgaon and Noida will become a piece of a cake and the economic results are being sensed already. For example, the onset of the Metro has boosted the land prices and apartments built by Unitech ltd. And Dlf, one of the foremost private building companies which own huge tracks of land in Gurgaon.
The incredible pace that the growth rate of the area has been exhibiting is having a beneficial economic effect, especially where the real estate market is concerned. It is also having a very positive effect on the entire job market, as the unemployment rate continues to drop in the major industries of the automotive, health care, and technology sectors.