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The DLF
project will, therefore, provide feeder service to the
Delhi-Gurgaon metro line being constructed by the Delhi
Metro Rail Corporation. Sikanderpur Chowk is the last
station of the proposed Delhi-Gurgaon metro line.
The investment for the 4-kilometre stretch will be Rs
350-400 crore.
The construction will start early next year and is expected
to be completed by the end of 2009.
The Delhi-Gurgaon metro will also be completed around that
time.
The real estate developer has opted for the light rail
transit system that can carry 30,000 passengers every hour.
DLF wants to create its own metro to ensure better
connectivity for people who live in its townships.
DLF has hired C.B.K. Rao, the director (projects and
planning) of the Delhi Metro Rail Corporation, as its
advisor.
“The Gurgaon metro service is going to be completely
automatic. It will not have any drivers,” sources said.
Moreover, the metro rail will run on an elevated corridor as
the underground system will be more expensive.
Railway consulting agency RITES has been appointed to
conduct a feasibility report on the project.
DLF expects to break even in the next three years. The
company is in talks with the Haryana government to acquire
some land for the project. Haryana is also likely to supply
electricity for the metro line.
The Delhi-based developer plans to tie up with global
railway equipment vendors to source automatic metro rail
systems, which it says will be more sophisticated than that
used by the Delhi Metro Rail Corporation.
DLF also plans to build metros in Mumbai, Hyderabad and
Bangalore where it is developing townships.
The company has posted a consolidated net profit of Rs
2,018.55 crore and a total revenue of Rs 3,349.24 crore for
the quarter ended September 30.
For the half year ended September 30, the company reported a
net profit of Rs 3,534 crore and a total revenue of Rs
6,470.22 crore.
The company has also declared a 100 per cent interim
dividend. |
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