Latest news with #RRTS
News18
a day ago
- Automotive
- News18
Dharuhera: An Emerging Real Estate Hub Moving From Periphery To Prominence
Last Updated: Dharuhera in Haryana's Rewari district is evolving from a manufacturing hub to a prime real estate corridor, attracting investors with its strategic location, say realty players. Dharuhera, which is located in Haryana's Rewari district, is gaining substantial recognition among investors. Previously seen as a manufacturing zone, the area is quickly transforming into a high-potential real estate growth corridor. Strategically positioned along the Delhi-Jaipur corridor (NH-48), Dharuhera enjoys seamless road connectivity to Gurugram, Delhi, and beyond, making it a vital junction for both industrial logistics and residential migration. Enhancing its appeal is the upcoming Delhi-Alwar Regional Rapid Transit System (RRTS), expected to be operational by April. The RRTS will significantly reduce commute times between Delhi and Dharuhera, with a dedicated station planned in the city. This transformative connectivity is set to turn Dharuhera into a true commuter suburb and investment hotspot within the NCR ecosystem. The area's real estate momentum is deeply anchored in its booming industrial ecosystem. With over 1,800 industries operating in and around the region, Dharuhera serves as a major employment hub, supporting a workforce of more than 1.6 million people. Global and domestic giants like Hero MotoCorp, Honda, Carlsberg, Gillette, Amul, and Jaquar have significant operations here, driving sustained demand for both rental and owned housing. The steady influx of industrial workers, professionals, and service providers ensures a reliable, end-user-driven real estate market, offering long-term stability for developers and investors. The region has seen one of the most compelling appreciation stories in NCR's periphery. According to data from 99 acres, residential plot prices have surged from Rs 20,000 per sq yard in 2019 to Rs 65,000-Rs 70,000 per square yard in 2025, reflecting a near threefold increase in just five years. The 2024 average stood at Rs 42,912 per sq yard, with select localities even breaching the Rs 57,000 mark. Despite this sharp rise, Dharuhera remains considerably more affordable than Gurugram, positioning it as a high-upside investment destination for early movers seeking both capital appreciation and long-term growth potential. Vishesh Rawat, vice-president & head of marketing, sales and CRM, M2K Group, said, 'From an industry standpoint, it's clear that infrastructure is the ultimate catalyst, and Dharuhera is proving that in real time. With the Delhi-Alwar RRTS construction work commencing early 2026 and NH-48 offering seamless access to Gurugram and Delhi, this region is no longer peripheral; it's pivotal." There is a classic pattern that where connectivity goes up, investor interest surges, and real estate values follow. What makes Dharuhera exceptional is that it offers all the right ingredients from mobility and affordability to industrial depth, at a reasonable price just next to Gurugram. This is not a wait-and-watch market; Dharuhera is entering its breakout phase, he added. Dharuhera's growth is driven by a balanced mix of affordability, location, and employment proximity. Residential properties yield between 2.2% and 3% annually, with consistent demand from industrial workers, young professionals, and budget-conscious families. On the commercial front, rental yields range from 6% to 8%, especially for properties located near highways and industrial clusters where footfall and utility are high. The tenant base is diverse, ranging from blue- and grey-collar workers employed in manufacturing units to IT and service professionals commuting from Gurugram, all seeking cost-effective yet well-connected rental options. Ankit Kansal, managing director of 360 realtors, said, 'From our lens, Dharuhera checks all boxes: affordability, connectivity, and growth potential. In the last five years, plot prices have more than doubled, yet remain far more accessible than Gurugram or Manesar. The RRTS and DMIC projects are not just infrastructural add-ons. Besides, investor sentiment has never been stronger, and with institutional developers entering, the region is evolving from speculative interest to end-user preference. Thus, we foresee that the market dynamics here point to sustained growth." Vineet Chellani, founder and CEO of Asset Deals, said, 'We are seeing a paradigm shift in buyer profiles in Dharuhera. Earlier dominated by blue-collar rental demand, the region is now attracting upwardly mobile families and first-time homeowners. Enhanced road and rail connectivity, policy reforms, and improved social infrastructure have pushed Dharuhera into the investment spotlight. From budget apartments to plotted developments, demand is surging across segments." With yields averaging 6-8% in commercial spaces, even small-ticket investors are actively entering the market. 'Hence, Dharuhera's growth is not speculative, it's structural, and the next five years will define Dharuhera's leap into the NCR's big league," he added. tags : real estate Location : New Delhi, India, India First Published: June 02, 2025, 17:58 IST News business » real-estate Dharuhera: An Emerging Real Estate Hub Moving From Periphery To Prominence
Hindustan Times
2 days ago
- Business
- Hindustan Times
Haryana asks NCRTC to ensure RRTS alignment has provision for future metro rail
The Haryana government has asked the National Capital Region Transport Corporation (NCRTC) to plan the alignment and signalling system of the Sarai Kale Khan-Gurugram-Behrore Regional Rapid Transit System (RRTS) corridor in such a way that if a metro rail is ever built on this corridor, it can use the same track infrastructure. The state pointed out that the RRTS project in Meerut also incorporates the local metro rail. The government also said it would provide 40 acres of land to set up an RRTS depot at either Pachgaon or Dharuhera in joint ownership with NCRTC. The state gave these directions during a meeting chaired by Haryana chief minister Naib Singh Saini on May 5 to discuss the revised detailed project reports of the SNB (Sarai Kale Khan-Nimrana-Behrore) RRTS project and the Delhi-Karnal RRTS project. 'NCRTC has been directed to plan the alignment and signalling systems of the corridor in such a manner that, should a metro system be proposed in the future along alignment, the same track infrastructure may be used as has been done in Meerut. This may necessitate the provision of appropriate station designs to accommodate future metro operations,' said a letter issued by the Haryana Mass Rapid Transport Corporation (HMRTC). The letter said that the Haryana government also asked NCRTC on May 5 to build the RRTS depot on the SNB corridor (Delhi-Gurugram-Behrore) at the terminal station instead of midway at Dharuhera, and to plan it along the lines of the depots in the Delhi-Meerut and Delhi-Karnal RRTS projects. 'As the corridor ultimately connects to SNB in Rajasthan, it is proposed that the depot be located in Rajasthan if this alignment is ultimately finalised. The government of Rajasthan is requested to provide approximately 70 hectares of land for this purpose, especially in light of the planned extension to Alwar/Sotanala or to Jaipur, which would predominantly benefit the state of Rajasthan and its people,' the letter said. The state government said that it will retain ownership of the 40 hectares of land in Dharuhera or Panchgaon and that it shall be responsible for commercial development on it. 'It was also decided that land required by NCRTC temporarily for the construction phase shall be handed over only after the tender for construction has been floated and before the award of tender,' it added. According to the revised detailed project report (DPR), construction for the 102km corridor from Sarai Kale Khan to SNB via Gurugram is expected to begin in August 2026, with completion targeted for November 2031. The project cost is pegged at ₹35,000 crore, to be jointly borne by the government of India and the state governments of Haryana and Rajasthan. Puneet Vats, spokesperson, NCRTC, when asked about the proposal to run a metro train on the RRTS corridor, said that metro trains are already being run in the Meerut RRTS system in areas where population is densely located. 'This is for the first time that metro trains are being run in an RRTS corridor as there is no requirement for a separate track. Metro stations are at short distances and in densely populated corridors it is feasible to operationalise metro trains on same RRTS track. In SNB and Karnal projects, the same can be done depending on feasibility,' he said.
NDTV
2 days ago
- Business
- NDTV
Asian Development Bank Chief Pledges $10 Billion For India's Urban Infrastructure
New Delhi: Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence, where the latter promised to pledge $10 billion for Indian urban infrastructure development over a period of five years. The $10 billion investment will seek to transform urban infrastructure across the country, including municipal infrastructure development, Metro extensions, new regional rapid transit system (RRTS) corridors and modernisation of urban services, the ADB said in a statement. Had a wonderful meeting with Mr. Masato Kanda, in which we shared perspectives on a wide range of issues. India's rapid transformation over the last decade has empowered countless people and we are working to add further momentum in this journey! @ADBPresident — Narendra Modi (@narendramodi) June 1, 2025 The ADB president also extended support to the PM Modi government's Viksit Bharat pledge and wrote on X, "The Viksit Bharat 2047 vision is bold and the ADB is supporting that ambition." PM Modi, while sharing the pictures of the meeting, said that he and the ADB president shared a perspective on a wide range of issues, including India's rapid transformation over the past decade, which saw the empowerment and upliftment of countless people. Masato Kando, who arrived in India last week, marking his official state visit after becoming the ADB President, said, "By scaling up public and private sector finance, deepening knowledge collaboration, and mobilising capital, we stand ready to support India's drive to become a developed nation by 2047 and to deliver inclusive, resilient, and sustainable growth for its 1.4 billion people." ADB has reportedly collaborated with over 110 cities across 22 states on projects related to water supply, sanitation, housing, and solid waste management, with an active urban portfolio comprising 27 loans amounting to $5.15 billion. Earlier, the ADB president also met Finance Minister Nirmala Sitharaman, where the two discussed plans to bring rural prosperity, scaling rooftop solar capacities, and operationalising the UCF. He also met Urban Development Minister Manohar Lal Khattar to outline the next steps for channelling private capital into urban projects.
Hans India
2 days ago
- Business
- Hans India
PM Modi meets ADB president Masato Kanda, latter pledges $10 bn for Indian urban infrastructure
Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence, where the latter promised to pledge $10 billion for Indian urban infrastructure development over a period of five years. The $10 billion investment will seek to transform urban infrastructure across the country, including municipal infrastructure development, Metro extensions, new regional rapid transit system (RRTS) corridors and modernisation of urban services, the ADB said in a statement. The ADB president also extended support to the Modi government's Viksit Bharat pledge and wrote on X, 'The Viksit Bharat 2047 vision is bold and the ADB is supporting that ambition.' PM Modi, while sharing the pictures of the meeting, said that he and the ADB president shared a perspective on a wide range of issues, including India's rapid transformation over the past decade, which saw the empowerment and upliftment of countless people. Masato Kando, who arrived in India last week, marking his official state visit after becoming the ADB President, said, "By scaling up public and private sector finance, deepening knowledge collaboration, and mobilising capital, we stand ready to support India's drive to become a developed nation by 2047 and to deliver inclusive, resilient, and sustainable growth for its 1.4 billion people.' ADB has reportedly collaborated with over 110 cities across 22 states on projects related to water supply, sanitation, housing, and solid waste management, with an active urban portfolio comprising 27 loans amounting to $5.15 billion. Earlier, the ADB president also met Finance Minister Nirmala Sitharaman, where the two discussed plans to bring rural prosperity, scaling rooftop solar capacities, and operationalising the UCF. He also met Urban Development Minister Manohar Lal Khattar to outline the next steps for channelling private capital into urban projects.
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Business Standard
3 days ago
- Business
- Business Standard
ADB announces $10 billion plan to transform India's urban infra, services
Asian Development Bank (ADB) President Masato Kanda has announced a five-year plan to mobilise up to $10 billion, including third-party capital, to enhance the India's urban infrastructure and services. The plan was unveiled after Kanda's meeting with Prime Minister Narendra Modi. The plan will focus on metro expansions, new Regional Rapid Transit System (RRTS) corridors, and investments in sustainable urban development. "Cities are engines of growth," Kanda said after the meeting. 'ADB will mobilise capital, accelerate delivery, and scale solutions that keep India's urban economy moving and people thriving on the road to Viksit Bharat @ 2047.' Backed by Urban Challenge Fund At the heart of the initiative is support for India's flagship Urban Challenge Fund (UCF), which aims to attract private investment in city infrastructure. ADB will channel funds through sovereign loans, private sector financing, and technical assistance, including $3 million earmarked for developing bankable projects and building capacity in state and urban local bodies. Recent analytical work by ADB has already laid the foundation for the UCF in 100 cities, focusing on growth hubs, creative city redevelopment, and water and sanitation improvements. Urban transport, clean energy in focus India's urban population is projected to exceed 40 per cent by 2030. Responding to this rapid growth, ADB will extend its existing urban transport footprint, which includes $4 billion committed over the past decade to metro and RRTS projects in eight cities. These include the Delhi–Meerut RRTS, Mumbai Metro, Chennai Metro, and Bengaluru Metro, designed to reduce congestion and improve access for marginalised communities, including persons with disabilities. Kanda visited the Delhi–Meerut RRTS, India's first of its kind, and met women who benefited from project-linked skills training. He also toured Gurugram-based ReNew Power to discuss strengthening partnerships in renewable energy. Commitment to rural development Earlier this week, Kanda met Union Finance Minister Nirmala Sitharaman and reiterated ADB's readiness to lend between $4 billion and $4.5 billion annually in sovereign loans, along with $1 billion in private sector funding. ADB will also intensify support for rural development, including food system improvements, entrepreneurship, and employment generation. 'Our shared agenda centres on urban transformation, private sector development, and skills programmes that strengthen India's manufacturing base,' Kanda said. ADB's long-term partnership with India Kanda also met Union Housing and Urban Affairs Minister Manohar Lal Khattar to explore expanding metro networks, transit-oriented development (TOD), and scaling rooftop solar projects. ADB is engaging with CEOs from infrastructure, finance, agriculture and social sectors to attract greater private participation in infrastructure growth. Under ADB's country partnership strategy for India, 2023–2027, it stands ready to provide more than $5 billion in financing each year, including about $1 billion in nonsovereign operations to catalyse additional private investment. ADB, which began operations in India in 1986, has committed $59.5 billion in sovereign lending and $9.1 billion in nonsovereign investments as of April 2025. The active sovereign portfolio comprises 81 loans totalling $16.5 billion as of April 2025.
