The National Capital Region Transport Corporation (NCRTC), responsible for the Rs 30,000-crore Delhi-Meerut Regional Rapid Transit System (RRTS) project, has invited bids to lease 45,469 square metres of commercial space across six stations along the corridor.
The NCRTC aims to transform these stations into commercial hubs to boost non-fare revenue.
The RRTS project is backed by funding from the Asian Development Bank, the New Development Bank and the Asian Infrastructure Investment Bank.
The commercial spaces will be used for a variety of uses, including recreational centres, experience zones, healthcare facilities, rental housing, service apartments, co-working spaces, fitness centres and mobility services.
The identified stations include 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).
The NCRTC plans to develop parking spaces at RRTS stations, in alignment with the principles of transit-oriented development.
“By integrating parking facilities with commercial development, this initiative aims to create a seamless commuter experience. This approach will also enhance the long-term financial sustainability of the RRTS projects while garnering significant economic and social benefits for the region,” the corporation has said.
As part of the plan, parking spaces can be used for commercial facilities, including outlets, food courts, offices, service apartments and studio apartments.
Currently, Namo Bharat train services are operational across a 42-km stretch of the RRTS corridor, connecting nine stations from Sahibabad to Meerut South. The full corridor spans 82 km, running from Delhi’s Sarai Kale Khan to Meerut’s Modipuram. Trial runs are also underway at the Anand Vihar and New Ashok Nagar stations in the Delhi section, extending beyond Sahibabad, as part of the phased implementation.
By 2031, the three stations are expected to handle nearly 100,000 passengers daily.
The NCRTC has also identified 17.27 hectares of land in south Delhi’s Jangpura area to develop and lease serviced apartments.
Despite being in close proximity to Delhi, Ghaziabad and satellite areas such as Modinagar, Muradnagar and Meerut could not attract buyer interest the way Gurgaon and Manesar did.
With the Delhi-Ghaziabad-Meerut RRTS corridor becoming operational, the real estate landscape of these satellite towns will change, said experts.
