Residents and investors of Noida Extension have expressed dismay over Noida Authority’s plan to shelve the extension of the metro line to this part of the city due to a paucity of funds.
The Noida Authority has recently announced that the plans for the metro project have to be shelved till debts are recovered from realtors. Many home buyers and investors have protested against the change in plans by the Noida Authority stating that this will cause inconvenience and long term damage to development prospects in the region.
Groups of home buyers presently residing at Gaur City and a few other projects like Shri Radha Sky Park have taken to micro-blogging platform Twitter to protest against Noida Authority and the change in plans for the metro line. They have raised a slogan for the government to reinstate the metro extension plan, with the hashtag 'metrodilwaoyogiji'.
Residents and home buyers in Noida Extension or Greater Noida West have stated that they were sold real estate projects in the area by realtors with the promise of a future metro connection. The area already faces congestion due to high traffic, and the upcoming metro line was expected to improve connectivity as well as connect the area with the rest of Delhi NCR. The area has seen huge development over the last few years due to its affordable pricing and number of amenities, as well as the prospect of metro connectivity.
Residents from Noida Extension have complained that shelving the plans for metro connectivity is not a sensible option for Noida Authority as the area currently has very poor connectivity.
Residents stated, “Even now, while going to work or while returning in the evening, present residents of Noida Extension face traffic problems. There’s a huge rush during the evening when the office goers return. The only hope for solving traffic problems for Noida Extension is the metro. Shelving this plan or postponing it is not a sensible option”.
Noida Extension has seen the development of a number of residential and commercial spaces over the last few years due to the upcoming metro connectivity. However, with the plans being shelved, the area is expected to see a slow down and a decline in prices, which could hurt investor’s bottom line. Currently, Greater Noida West has over 3 lakh under-construction housing units of which around 20,000 are occupied. Many developers are expected to give possession of residential units over the next few months.
The metro-link to Greater Noida West was expected to cover a 15-km stretch between Noida’s Sector 71 and Greater Noida’s Knowledge Park V. The project has been given a deadline of March 2021 for completion.
Home buyers’ group NEFOWA (Noida Extension Flat Owners Welfare Association) has stated that they plan to take up the issue with Noida Authority. “We are going to meet the CEO on Tuesday and express our problem. The need for metro is crucial for present and future residents of Noida Extension,” Abhishek Kumar, president, Nefowa, said.