Lucknow: State Cabinet has decided to go forward with much-delayed Lucknow Metro Rail project. The cabinet has given a green signal to the Metro project in the last week and estimated cost of the project will be around Rs 15,000 crore.Lucknow realty market will see a major boost as the project is now on the track. The first phase of the project will be up and running by 2016-2017 with an estimated cost of Rs 8000 crore.The launch of Delhi metro has boosted up Delhi real estate by approximately 200 per cent in the past four years and experts stated that the same thing will happen with Lucknow real estate. The peripheral areas situated alongside the proposed metro project will witness maximum price appreciation and local realty would become hot property in Lucknow.Anurag Yadav, Lucknow district magistrate said that the Metro project will provide better price appreciation for land and property. Lucknow has witnessed a steady and incremental growth in the real estate sector.Sudhir Halwasiya said that Lucknow property market will definitely witness increase in the property prices with the rapid infrastructure development. The metro rail project will be funded by both central and UP government each having share of 50 percent.Both governments will infuse 20 percent each as equity in the project and the rest of the funds will be raised through debts. A sub-committee has been constituted which will identify the alternative sources of funding.займ на карту без отказов круглосуточновзять кредит онлайн