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Hindustan Times
31-07-2025
- Business
- Hindustan Times
Namo Bharat corridor has sent land price soaring in Meerut, says NCRTC
New Delhi, The launch of the Delhi-Ghaziabad-Meerut stretch of the Namo Bharat corridor has sent land prices soaring to up to 67 per cent in select pockets since October 2023, according to National Capital Region Transport Corporation . Namo Bharat corridor has sent land price soaring in Meerut, says NCRTC The corporation which is overseeing the rail project said land rates in areas within a two-kilometre radius of operational Namo Bharat stations have jumped from ₹8,000 - ₹12,000 per square yard to ₹12,000- ₹20,000. The 82-kilometre corridor connecting Delhi to Meerut via Ghaziabad has improved connectivity, positioning Meerut as a growing real estate destination. "When the Namo Bharat project was conceptualised, one of the aims was to enable polycentric development in the National Capital Region . We are also harnessing the potential of Transit-Oriented Development in the region to foster vibrant, liveable communities," NCRTC managing director Shalabh Goel said. The improved connectivity has led to increased demand for plotted developments, mid-rise apartments, and gated communities in Meerut. Increased chances of jobs and education hubs in NCR are also attracting younger professionals and homebuyers. The corporation said that the Meerut Development Authority's 2031 Master Plan has complemented the growth by earmarking 3,273 hectares of land for Transit-Oriented Development. Of this, 2,442 hectares have already been designated into TOD zones and special development areas to be serviced by both the Namo Bharat corridor and the upcoming Meerut Metro. "These areas are being developed as mixed-use hubs, featuring residential, commercial, educational and healthcare facilities within walkable distance from transit stations," NCRTC said in a statement. Pritam Mishra, a senior vice president at Paras Buildtech, said, "Property prices in areas along the Namo Bharat route have appreciated by 35 to 40 per cent, reflecting a structural shift driven by infrastructure-led demand." This article was generated from an automated news agency feed without modifications to text.
News18
31-07-2025
- Business
- News18
Namo Bharat corridor has sent land price soaring in Meerut, says NCRTC
New Delhi, Jul 31 (PTI) The launch of the Delhi-Ghaziabad-Meerut stretch of the Namo Bharat corridor has sent land prices soaring to up to 67 per cent in select pockets since October 2023, according to National Capital Region Transport Corporation (NCRTC). The corporation which is overseeing the rail project said land rates in areas within a two-kilometre radius of operational Namo Bharat stations have jumped from Rs 8,000 – Rs 12,000 per square yard to Rs 12,000- Rs 20,000. The 82-kilometre corridor connecting Delhi to Meerut via Ghaziabad has improved connectivity, positioning Meerut as a growing real estate destination. 'When the Namo Bharat project was conceptualised, one of the aims was to enable polycentric development in the National Capital Region (NCR). We are also harnessing the potential of Transit-Oriented Development (TOD) in the region to foster vibrant, liveable communities," NCRTC managing director Shalabh Goel said. The improved connectivity has led to increased demand for plotted developments, mid-rise apartments, and gated communities in Meerut. Increased chances of jobs and education hubs in NCR are also attracting younger professionals and homebuyers. The corporation said that the Meerut Development Authority's 2031 Master Plan has complemented the growth by earmarking 3,273 hectares of land for Transit-Oriented Development. 'These areas are being developed as mixed-use hubs, featuring residential, commercial, educational and healthcare facilities within walkable distance from transit stations," NCRTC said in a statement. Pritam Mishra, a senior vice president at Paras Buildtech, said, 'Property prices in areas along the Namo Bharat route have appreciated by 35 to 40 per cent, reflecting a structural shift driven by infrastructure-led demand." PTI SHB SHB VN VN view comments First Published: July 31, 2025, 18:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
22-06-2025
- Business
- Indian Express
RRTS boosts land prices in Meerut, Ghaziabad; 30% to 67% growth witnessed since October 2023
Land prices and housing demand have increased along the Delhi-Ghaziabad-Meerut stretch of the Namo Bharat corridor, with data from developers and consultants showing a 30% to 67% rise in property value since it began operations in October 2023. The Namo Bharat corridor, built at a cost of ₹30,274 crore, connects Delhi to Meerut through Ghaziabad. It is the first of several Regional Rapid Transit System (RRTS) lines planned across the National Capital Region (NCR). The 82-km line is currently operational over a 55-km section. 'When the Namo Bharat project was conceptualised, one of the aims was to enable polycentric development in the NCR… We are also harnessing the potential of Transit-Oriented Development (TOD) in the region to foster vibrant, liveable communities,' Shalabh Goel, managing director of the National Capital Region Transport Corporation (NCRTC), said. The city that seems to have benefited the most is Meerut, where land rates have reportedly increased from ₹8,000-12,000 per square yard to ₹12,000-20,000. Properties within two kilometres of Namo Bharat stations have seen a 30% to 50% increase in value in the last two years, according to market estimates. Industry representatives say the rise in demand is being driven by improved access to Delhi and changes in commuter behaviour. The Meerut Development Authority has earmarked 3,273 hectares for TOD in its 2031 master plan. Of this, 2,442 hectares have already been delineated into TOD zones and special development areas. These areas will be served by both the RRTS and the local Meerut Metro. Developers said there has been growing interest in plotted housing, gated societies, and mid-rise apartments in parts of Meerut and Ghaziabad. 'Property prices in areas along the RRTS route have appreciated by 35-40%, reflecting a structural shift driven by infrastructure-led demand… Meerut is fast positioning itself as a credible alternative to legacy NCR markets,' Pritam Mishra, senior vice president at Paras Buildtech, said. 'This is not a cyclical upswing but a deep, infrastructure-driven revaluation of the market,' he added. Real estate firms said that residential development is being accompanied by commercial activity, with integrated townships, healthcare facilities and educational centres being planned within walking distance of transit nodes. According to Santosh Agarwal, executive director of Alpha Corp, a consultancy, 'The combination of affordable land, world-class infrastructure, and increasing demand for premium, sustainable developments is positioning Ghaziabad and Meerut as prime locations for commercial enterprises, tech startups, and skilled professionals.' Samir Jasuja, Founder and CEO of PropEquity, which conducts research in the field, said, 'The Delhi-Meerut RRTS will be a game-changer in the way people live and commute in Delhi-NCR. Its impact on the property prices in Ghaziabad is evident with the launch price of homes more than doubling in the last five years. In fact, branded developers have either forayed into or are scouting for land along or in the vicinity of this corridor. Bengaluru-based Prestige Group recently launched its project in Ghaziabad. At a time when the housing market across top markets is coming down from its peak, new launches and sales in Ghaziabad have lifted the Delhi-NCR housing market in Q2 2025.' Devansh Mittal is a trainee correspondent with The Indian Express. He studied political science at Ashoka University. He can be reached at ... Read More
