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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.
Time of India
05-07-2025
- Entertainment
- Time of India
Namo Bharat station offers live sketching and art exhibition for commuters
New Delhi: Commuters at Anand Vihar Namo Bharat station are now enjoying free live portrait sketching alongside an ongoing art exhibition. Hundreds of Namo Bharat commuters took part in this activity. This initiative is organised in collaboration with the International Institute of Fine Arts (IIFA), Modinagar, where students from the institute are creating live sketches of passengers within the station premises. This live sketching zone is set up alongside a painting exhibition titled 'Young Brush Strokes' in the non-paid area at the upper concourse level of the station. The exhibition features artworks by students and faculty of IIFA. The exhibition and live sketching experience will be available for commuters until July 27. An official of National Capital Region Transport Corporation (NCRTC), which is executing Delhi-Meerut-Ghaziabad RRTS corridor, said, "NCRTC is striving to make the Namo Bharat journey more enjoyable by transforming its stations into vibrant cultural and social spaces, rather than mere transit points. Several efforts are being made in this direction, including the ongoing live sketching activity and art exhibition, to engage the commuters and enrich their travel experience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Поза во сне может многое рассказать о вашем характере! Удивительные Новости Undo " The official added that this initiative also provides a platform for young artists to showcase their talent and connect with a diverse audience, giving them an opportunity to present their work to thousands of people. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi The exhibition was inaugurated by Shalabh Goel, managing director, NCRTC, on June 27. Another such creative initiative that is transforming Anand Vihar station into a social hub is Namo Bharat Unplugged: Live Musical Fridays. Currently in its second edition, the event is organised every Friday at 6 pm at Anand Vihar station. Revived after the success of Season 1 and popular demand, Musical Fridays offers a platform to young and budding musical talents, bands, duets, and solo artists from schools, colleges, and independent circuits across NCR, to showcase their talent.
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
Time of India
13-06-2025
- Business
- Time of India
Namo Bharat corridor in Meerut to unlock real estate potential with transit-led Growth
Meerut leads India in implementing Transit Oriented Development (TOD) zones, integrating them into its 2031 Master Plan. This initiative combines urban development with transit projects, creating potential real estate prospects in the area. The Meerut Development Authority (MEDA) has allocated 3,273 hectares for TOD, with 2,442 hectares divided into seven TOD zones and two special development area (SDA) zones along the Namo Bharat and Meerut Metro routes. "While the majority of the land is privately held and we will earn revenue through FSI, we are also planning a 300-hectare township where we will auction land to private developers," Vijay Kumar Singh, town planner at MEDA told ET. "We are doing the zonal planning in consultation with NCRTC ." The National Capital Region Transport Corporation (NCRTC) is constructing India's inaugural Namo Bharat corridor connecting Delhi, Ghaziabad, and Meerut. This represents India's first Regional Rapid Transit System (RRTS) train service. "By harnessing the potential of transit-oriented development and value capture financing, NCRTC is enhancing the financial sustainability of the Namo Bharat project," said Shalabh Goel, managing director, NCRTC said according to the report. "This integrated approach is poised to redefine the future of transportation infrastructure, fostering vibrant, liveable communities and generating economic value that benefits both the region and its residents." The SDA zones comprise 458 hectares in Meerut South and 373 hectares in Modipuram, situated at opposite ends of the Meerut metro section. Uttar Pradesh established its TOD policy in 2022. International cities including Stockholm, Copenhagen, Hong Kong, Singapore, and Tokyo have effectively utilised TOD to support public transport and improve urban planning, resulting in enhanced economic productivity and living standards. The Delhi-Ghaziabad-Meerut Namo Bharat corridor spans 82 km, with 68 km in Ghaziabad and Meerut districts. The infrastructure will additionally support local metro services in Meerut. The 2017 National Metro Rail Policy emphasised viewing urban mass transit projects as transformation initiatives rather than mere transport projects. It required states to explore various revenue options for long-term financial viability. The housing and urban development ministry introduced value capture financing policy, enabling states and union territories to utilise their assets, including unused land, for infrastructure development. According to UP's TOD policy, areas within 500 metres of city mass transit systems and 1.5 kilometres alongside intercity transit systems like Namo Bharat constitute TOD zones. These zones permit taller, mixed-use developments including residential, commercial, and office spaces with public facilities. The base floor area ratio will increase from 2.5 to 4 in developed areas and 5 in undeveloped areas. Ghaziabad has identified its TOD zones and included them in its master plan, awaiting state government approval for implementation.
