The project of Metro is the most expensive transport system in Uttar Pradesh till date with the total cost of $2billiona. The Uttar Pradesh Metro Rail Corporation is a 50:50 joint venture of The Government of India and The Government of Uttar Pradesh. Lucknow needed this push in the transportation system to cope up with a burgeoning population in the city. This will increase the connectivity within the city, and also will act as one of the major components for the growth of the real estate and job opportunities. Lucknow metro would give way to a better infrastructure as well as to a flourishing real estate industry.
Lucknow Metro is a rapid transit system serving the city of Lucknow in Uttar Pradesh. Construction of the line began on 27 September 2014 with the 8.5 km stretch from Transport Nagar to Charbagh Railway Station began its commercial operation on 5 September 2017 making it the. There are various kind of customer-centric services for daily commuters such as free Wi-Fi, water, toilets, disabled-friendly infrastructure etc. Lucknow Metro Rail Corporation was acknowledged with a special award in Best Urban Mass Transit category.
Lucknow Metro is also taking various methods for energy conservation and regenerating energy that includes installation regenerative brakes in the train which will save about 30-35% of traction energy, using of Variable Voltage Variable Frequency (VVVF) drive for all the escalators and lifts, Installation of LED lights, Tunnel Ventilation System for a underground section.
Metro is also benefitting the real estate market. Developments such as RERA, GST, demonetisation is expected to bring about a degree of momentum in Real estate sector. The development of a mass transport has always brought positive results for the real estate sector. The areas on the periphery of the metro will see maximum appreciation in land price. The localities around the metro routes are expected to get good demand for real estate.
Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India