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Metro Trial Run Delhi-Gurgaon Border And Sector 29 From July


By akansha, Section Gurgaon News
Posted on Tue May 19, 2009 at 12:47:20 AM EST

Haryana is all set to be connected with the much-awaited Delhi Metro next year as the trial run for the train is likely to commence by July on the 7.05 km stretch from Delhi-Gurgaon border till City center of Sector 29 in Gurgaon.

"The trial run (of Delhi Metro) is expected to start from July or August on the seven km stretch from Delhi Gurgaon border and we are confident that the project will be completed by Delhi Metro Rail Corporation (DMRC) by January 2010 which will be as per schedule," a senior official of Haryana Urban Development Authority (HUDA) said.

Five stations will fall on the line which includes Dronacharya (earlier Garden Estate), Sikandarpur, DT City Centre, IFFCO Chowk and Sushant Lok, he said.

Haryana government had cleared the extension of Metro link to Gurgaon in year 2006 and the entire project involved financial outlay of Rs 688 crore.

"Out of total project cost, Haryana government has incurred Rs 590 crore on this ambitious project and Rs 98 crore has been borne by DMRC on rolling stock-coaches of train," he said.

Centre has also contributed Rs 114 crore as viable gap funding for this project, he added.

Source: The Indian Express Metro trial run Delhi-Gurgaon border and Sector 29 from July

< A Brain Drain In Reverse,Back To India, Many Indians Living In US Miss Cultural Experiences Of India | Long Outages Cripple Gurgaon, Situation Is Becoming Worse With Each Passing Day >

Rise or Fall (none / 0) (#6)
by dheerajmatta on Wed May 20, 2009 at 10:55:02 PM EST

Looks like the stable govt may possibly change some liquidity flow into India again meaning the slowdown may not worsen from here. Well that's quite a bit of confidence to people who haven't bought anything and want to lock their house down before the mad rush (if at all we see the mad rush anytime very very soon) starts again. What this confidence building really does is that a lot of sellers on the sidelines will turn non sellers so distress sales, sentiment driven selling etc may come to a halt. Are the prices too low today to suddenly jump, I have my doubts. Trouble may continue to brew for the super luxury apartments for which there are very few end users (whether on rent or after having bought it). I know several people who think the prices now are not too bad and they have held their cash for a while (some of them actually burnt it in the stock market). A combo of both price fall + rental rise may actually take place if corporate spending starts (corporates spend - Individuals earn) 6 months from now which is not unreasonable to expect given that liquidity is now coming back to corporates (there is ample evidence - bank loans, QIP, NCDs etc) so people need to suit themselves when they buy something and can hold on to if the times turn really bad once again say 3-4 years from now (that's after when we recover from the current slowdown).


[ Reply to This ]



Positive factor for the village (none / 0) (#1)
by Unregistered Visitors on Wed May 20, 2009 at 03:31:25 AM EST

Gurgaon residents are plagued with 6 hour power outages, exorbitant maintenance bills, pot holed roads (Udyog Vihar or Sector 18 area are the worst!), water shortages, ever increasing crime rates etc. The only blip on the radar seems to be the Metro project. Now for my question to readers of this article: It has happened in Delhi before. In Dwarka, which used to be known as a subcity where people were/are scared to venture out alone after dark in most places.

Do you think Metro will cause the already super-inflated property prices in Gurgaon to be quadrupled again after it becomes operational?

Your answers or views will be helpful the investor "flash-mobs".



[ Reply to This ]


it will be going upwards (none / 0) (#2)
by sonu132 on Wed May 20, 2009 at 08:40:13 AM EST

I feel the shoot up in the prizes are in the making but I do not see it very much as the prices are already so high and even stranegly they did not come down even these past times of downturn so every chance of they going up when metro knocks gurgaon.


[ Parent | Reply to This ]


don't compare with sensex (none / 0) (#5)
by fubar on Wed May 20, 2009 at 10:30:36 PM EST

Sensex PE ratio is still 20 on trailing basis after the current rally. What is the PE ratio for houses? 70-80 lac house earning a rent of 2 lac per year. So the ratio is 35-40. Thus either rents must go up 100% or prices should fall 50%. Or a combination of both.


[ Parent | Reply to This ]


Fubar, you are absolutely right! (none / 0) (#10)
by Unregistered Visitors on Fri May 22, 2009 at 12:16:22 PM EST

Fubar, most of people here in this forum are semi-literate Dallas and do not understand finance. So you will hear all name calling and abusive stuff from these gutter creatures.


[ Parent | Reply to This ]


Self-Praise (none / 0) (#11)
by Unregistered Visitors on Fri May 22, 2009 at 01:03:15 PM EST

Now, praise yourself. What an idiot? Why do you not come out for the reason for finding PE for a comfort place like home/house that has sentimental value?

There is no value for your residence like your other loved ones for most people, not to talk about FUBAR.

Think!



[ Parent | Reply to This ]


FUBAR? (none / 0) (#12)
by Unregistered Visitors on Sat May 23, 2009 at 08:24:05 AM EST

Where is FUBAR after doing himself,his self-praise?

" Phut kea haath main aaghi kya?"

Now change your ID, and come back. Get some ideas from Knightrider who seems to be an expert on fake IDs.

Were you being backed by PAKIs to destruct real-estate in India or are you head of HARVARD to call everone DALLA that disagreed with you?

Do not take PANGA with India.



[ Parent | Reply to This ]





Foolish! (none / 0) (#7)
by Unregistered Visitors on Thu May 21, 2009 at 05:21:54 AM EST

You do not ask for PE ratio of your house. Next, ask the PE ratio of your spouse/child ?

You are nothing but an economic terrorist.

Think before you write.



[ Parent | Reply to This ]


fool (none / 0) (#8)
by Unregistered Visitors on Fri May 22, 2009 at 08:25:13 AM EST

And who are you fool! Economic dummy?


[ Parent | Reply to This ]





Price will keep tumbling down (none / 0) (#4)
by Unregistered Visitors on Wed May 20, 2009 at 04:45:44 PM EST

Real estate prices will keep continue for another 18-24 months years and we will see the bottom by the end of year 2010. Real estate does not crash like stock markets. All this talk of metro and other price boosting stuff is nonsense because Gurgaon is so over priced it is unaffordable to people. All the talk of high salaries and two incomes is bogus and inflated. Just think how the hell these BPO and call centre people can afford these prices.


[ Parent | Reply to This ]



Upwards! (none / 0) (#3)
by Unregistered Visitors on Wed May 20, 2009 at 10:20:50 AM EST

Prices will move upwards, but possibly not quaddouble.  It seems you are a seller.

Best of luck!

Wow.



[ Parent | Reply to This ]





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