Gurgaon: A special purpose vehicle (SPV) will be created to take on the expansion of the metro project in the city, and it will likely be called Gurugram Metro Rail Corporation (GMRC), officials said. The entity will have its own board members apart from representations from the Centre.According to state government sources, the central government is providing financial assistance for the proposed metro expansionplan and to have equity in the project, it was required to create a new separate entity with its own account book.A separate entity will be formed for the construction of the metro rail project in the city, since it could not be implemented under HMRTC which is responsible for implementing metro projects across the state. Both the government of India and Haryana government are stakeholders, and with the formation of GMRC, it will be exclusive for the Gurgaon metro rail project, the official said.In June this year, Union cabinet approved metro connectivity from HUDA City Centre to Cyber City, covering a distance of over 28km and having 27 stations at an estimated cost of around Rs 5,452 crore. However, the construction work is yet to commence. According to the officials, the delay is due to the fact that the design is not yet finalised. The HMRTC has invited bids for detailed design consultants.The estimated date of completion is four years from the date of sanction and the project is expected to seamlessly connect old and new Gurgaon. The metro route will include Sector 45, Cyber Park, Sector 46, Sector 47, Sector 48, Technology Park, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Krishna Chowk, Palam Vihar Extension, Palam Vihar, Sector 23 A, Sector 22, Udyog Vihar Phase 4, and CyberHub.The daily ridership is estimated to be around 5,34,000 in 2026, and rise to around 7,26,000 by 2031. Moreover, the number is expected to rise to around 8,81,000-10,70,000 by 2051. The Gurgaon metro will have a design speed of 80kmph, while the average speed will be 34kmph. We also published the following articles recentlyIt is boom time for real estate sector in capital cityBetween 2021 and November 2023, Thiruvananthapuram has seen a positive growth in the number of residential units launched. The city has attracted projects from pan Indian players and firms outside Thiruvananthapuram. Prices have increased, but buyers are not deterred. The rental value has also gone up, driven by the emergence of commercial infrastructure like shopping malls and business establishments. The stakeholders report good returns on investment, with around 20% appreciation in real estate projects. A brief lull period occurred due to increased fees and proposed revisions in the draft master plan 2040.Soon, traffic signals at 29 spots in new sectorsGMDA has identified 29 major intersections in sectors 58 to 115 for the installation of adaptive traffic control system (ATCS) signals to ease vehicular movement. The proposal to install ATCS signals was approved by GMDA CEO PC Meena. The intersections covered in the second phase include sectors 83 and 84, 102A and 103, Shri Ram Chowk, Jai Singh Chowk, Shyam Baba Chowk, Rao Jaimal Marg, Sector 93/94/89 junction, Dadi Sati Chowk, Sector 58/59 junction, Sobha International City T-point, and Bajghera underpass. The ATCS signals project is linked to GMDAs integrated command and control centre.Metro rail launches another app for tickets, smartcardsChennai Metro Rail (CMRL) has launched a ticketing service in collaboration with PhonePe Switch, allowing commuters to book QR-code tickets and recharge contactless smartcards. The service currently enables the booking of single journey tickets, with return tickets and smartcard recharge options to be added soon. Commuters can book e-tickets for up to six people at a time through the PhonePe app. The process involves selecting the Chennai metro icon, entering the origin and destination stations, and making the payment through UPI. A QR-code is generated for scanning at the entry and exit gates of the metro. CMRL has previously introduced ticketing services through WhatsApp and Paytm, resulting in a decrease in the number of people waiting in queues at ticket counters. However, the metro still faces challenges in ensuring last mile connectivity to all its stations.

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