By the end of 2018, Crossrail is expected to launch Elizabeth Line, a new railway route for London and the South East. This will be an integral launch in London which will bring major changes to the city’s economy. The city’s global status will get a major boost in terms of business, property and the way of living.
Elizabeth railroute line: New rain route by Crossrail
Increasing the rail capacity by 10% in Central London, this railroute line will comprise of 41 stations. The initial phases of Crossrail has already been launched between Paddington and Heathrow terminals 2/3 and 4, and also between Paddington and Hayes & Harlington. According to sources, services will start full-fledged from the year 2019.
Major impact on London economy
The railroute line will have a major influence in the property market, in terms of commercial and residential spaces. By the year 2021, over 4.4 million square feet of commercial and retail spaces is expected to open along the railroute line. This will also involve the development of 90,000 new homes along the railroute line by the year 2021. With the development of new commercial and residential spaces here in London and adjoining areas, there is a huge scope of prospective jobs that is sure to attract 40,000 people and pave the way for their better living. The scope for new jobs, new commercial and residential spaces will greatly influence UK economy by £42 billion. Approximately more than 1.5 million people will be able to commute seamlessly within 45 minutes to major employment centres. So, the railroute line will completely change the way London economy thrives, by offering better career opportunities, new accommodation and commercial spaces. The best part about this railroute line (#TheBusinessLine) is that people can travel conveniently from once place to another without any hassle. The 21-minute journey from Canary Wharf to Liverpool Street will just take 6 minutes to reach. During peak time consumers can expect a train every 2.5 minutes. Pall Mall Estates is one such renowned name that offers great value commercial property to businesses at an affordable rate. Keeping in mind about the needs of the consumers, the company owns and manages commercial property for three decades. The railroute line will keep people connected easily and help them to live a better life.