Indian Stock Market

In a bid to improve connectivity to its township and malls, real estate giant DLF Ltd is planning to run its own metro rail in Gurgaon covering about four km at an estimated investment of up to Rs 375 crore.

DLF, the country’s most valued real estate developer, plans to run its own metro rail as feeder service to Delhi-Gurgaon metro line being constructed by Delhi Metro Rail Corporation for providing better connectivity.
“We have assigned RITES to undertake a feasibility report for providing feeder service between Sikandarpur Chowk and Sector-24 (Mall of India) of Gurgaon covering 3.7 km,” DLF Advisor C B K Rao said.
The report is expected to be submitted by the end of October, Rao said, adding work on the project could start from January-February next year.
DLF’s metro rail in Gurgaon would run on an elevated corridor and not pass through underground. The investment for entire 3.7 km stretch could be around Rs 350-375 crore with each km costing about Rs 95-100 crore.
The company also plans to develop and run metro rail in other parts of the country as well like Bangalore where it is developing townships.
DLF has sought permission from the Haryana government for use of road and also to cut trees wherever require. Besides, it has also written for tax concession for its metro project and providing electricity at no profit-no loss basis.
According to the plan, there would be four stations, all single-level, in the proposed metro rail by DLF. At the outset, the company would run four trains comprising three coaches each with a carrying capacity of about one lakh people a day.