Haryana’s Chief Secretary and Chairman of Haryana Mass Rapid Transport Corporation (HMRTC), Sanjeev Kaushal, announced that the initial preparations for the planned metro extension between Ballabgarh and Palwal, spanning about 25 km, have been initiated. Additionally, the contract for the Techno Feasibility Study has been awarded to M/s RITES. This news has generated optimism within the realty sector, as it is expected that the Faridabad market will witness significant development in the near future.

Expressing his happiness on the same, Manoj Gaur, President CREDAI NCR said, “Faridabad’s realty sector is poised to witness remarkable growth in residential properties and commercial and retail spaces, thanks to the proposed metro extension between Ballabgarh and Palwal. The city’s allure as a business hub will further increase, attracting more businesses to establish offices and retail outlets, consequently driving economic activity and fueling the demand for real estate in the area.”

Mohit Goel, Managing Director, Omaxe Group said, “Linking Ballabgarh to Palwal through the metro extension will greatly benefit Faridabad. Commuting between these areas and Faridabad will become more convenient, enhancing the region’s appeal among homebuyers and investors. It will attract new residents and investors, consequently boosting Faridabad’s real estate market for residential and commercial properties.”

Amit Sharma, National- Head, 360 EDGE said, “The Ballabgarh Palwal metro will have a far-reaching impact on both emerging cities of the wider NCR. The 25 km long metro line is expected to be built with a total investment of INR 4400 crores. The project, which is set to be operational in the next 5 years, will create a framework for increased investment in real estate, development, and employment opportunities. Meanwhile, the commute between Palwal and Faridabad will smoothen and the overall rate of pollution will be lowered. This indeed is a welcome step.”