NCRTC Invites Bids for Leasing Land Along Delhi-Meerut RRTS Corridor
27 Dec 2024
2 Min Read
CW Team
The National Capital Region Transport Corporation (NCRTC) has invited bids for leasing 45,469 square metres of commercial space across six stations on the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, a crucial part of the Rs 30,000-crore project.
The NCRTC intends to turn these stations into commercial hubs to generate non-fare revenue.
Funded by the Asian Development Bank, New Development Bank, and Asian Infrastructure Investment Bank, the RRTS project is set to transform regional transit.
The spaces will be used for various purposes, including recreation, experience zones, healthcare services, rental housing, service apartments, co-working spaces, fitness centres, and mobility services.
The identified stations are Guldhar (7,386 sq metres), Duhai (5,668 sq metres), Muradnagar (7,572 sq metres), Modinagar South (4,543 sq metres), Modinagar North (5,180 sq metres), and Meerut South (15,220 sq metres).
In line with transit-oriented development principles, NCRTC also plans to develop parking spaces at RRTS stations, aiming to provide a seamless commuter experience. The initiative is designed to improve long-term financial sustainability while offering economic and social benefits for the region.
Currently, the Namo Bharat train services operate over a 42-km stretch between Sahibabad and Meerut South, with full corridor operations expected to cover 82 km. Trial runs are underway at Anand Vihar and New Ashok Nagar stations.
By 2031, the three stations are expected to handle nearly 100,000 passengers daily.
NCRTC has also identified 17.27 hectares of land in Jangpura, south Delhi, for the development of serviced apartments.
Experts believe the Delhi-Ghaziabad-Meerut RRTS corridor will change the real estate landscape in satellite towns like Ghaziabad, Modinagar, Muradnagar, and Meerut.
The National Capital Region Transport Corporation (NCRTC) has invited bids for leasing 45,469 square metres of commercial space across six stations on the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, a crucial part of the Rs 30,000-crore project.
The NCRTC intends to turn these stations into commercial hubs to generate non-fare revenue.
Funded by the Asian Development Bank, New Development Bank, and Asian Infrastructure Investment Bank, the RRTS project is set to transform regional transit.
The spaces will be used for various purposes, including recreation, experience zones, healthcare services, rental housing, service apartments, co-working spaces, fitness centres, and mobility services.
The identified stations are Guldhar (7,386 sq metres), Duhai (5,668 sq metres), Muradnagar (7,572 sq metres), Modinagar South (4,543 sq metres), Modinagar North (5,180 sq metres), and Meerut South (15,220 sq metres).
In line with transit-oriented development principles, NCRTC also plans to develop parking spaces at RRTS stations, aiming to provide a seamless commuter experience. The initiative is designed to improve long-term financial sustainability while offering economic and social benefits for the region.
Currently, the Namo Bharat train services operate over a 42-km stretch between Sahibabad and Meerut South, with full corridor operations expected to cover 82 km. Trial runs are underway at Anand Vihar and New Ashok Nagar stations.
By 2031, the three stations are expected to handle nearly 100,000 passengers daily.
NCRTC has also identified 17.27 hectares of land in Jangpura, south Delhi, for the development of serviced apartments.
Experts believe the Delhi-Ghaziabad-Meerut RRTS corridor will change the real estate landscape in satellite towns like Ghaziabad, Modinagar, Muradnagar, and Meerut.
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