How the upcoming Prayagraj Metro will impact connectivity and real estate?

Plans are underway to build a metro network in Prayagraj, erstwhile Allahabad, a move that would boost the connectivity in this Tier-2 city in Uttar Pradesh. The aim is to make the Prayagraj Metrolite operational by 2025 when the city will host the Maha Kumbh.

In March this year, the public sector urban transport consultation company, Urban Mass Transit Company (UMTC), submitted a survey report to the RITES. The survey proposed Metrolite on two routes in the city – a 20-km route between Puramufti to Naini and a 17-km route from Phaphamau to Jhunsi. Together these two routes are expected to have 20 metro stations. Operations on one of the two stretches would start before the Maha Kumbh.

Impact of Prayagraj metro on connectivity and real estate

Prayagraj is a hub for pilgrims by being the meeting place of three holy rivers, thus, earning the titular Sangam, and an educational hotspot. It would benefit from the upcoming metro that will offer a high-speed mode of clean and safe transportation at affordable rates.

For a city that relies primarily on private vehicles, the metro network will have a multiplier effect.

By providing citizens and travellers with a faster and affordable mode of transportation, the Metrolite project will propel growth in commercial and residential segments.

Data available with Housing.com show property values in this city have depreciated by 12% in the past year, with an average rate of property standing at Rs 7,013 per sq. ft. The arrival of the metro project would give a major boost to property rates in the city, especially in areas along the upcoming metro routes, including Dhoomanganj, Naini, Subedarganj, Civil Lines, Jhunsi, Dandi, North Malaka and George Town.

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