UP Approves 750-Acre Township for Delhi-Meerut RRTS
ECONOMY & POLICY

UP Approves 750-Acre Township for Delhi-Meerut RRTS

"The plan to create a unique 750-acre township in Partapur, which will serve as the entry point for the Delhi-Meerut rapid rail transit system into Meerut city, has received approval from the Ministry of Urban Development, Uttar Pradesh.

This proposed township will play a crucial role in supporting the development of infrastructure along the rail corridor. It aims to ensure the commercial viability of the regional rapid transit system (RRTS) and promote transit-oriented development (TOD), which has become a global standard in many developing nations.

The estimated cost of land acquisition for this project is approximately Rs 2,000 crore, with the state government offering 50 percent as an interest-free long-term loan. The National Capital Region Transport Corporation (NCRTC) is spearheading this initiative, adhering to transit-oriented development and value capture finance principles.

To aid the construction of the Delhi-Meerut RRTS, the state government has allocated Rs 350 crore. The project is set to be completed by 2025, and these funds will be used to expedite pending tasks, particularly in the Ghaziabad and Meerut sections."

The plan to create a unique 750-acre township in Partapur, which will serve as the entry point for the Delhi-Meerut rapid rail transit system into Meerut city, has received approval from the Ministry of Urban Development, Uttar Pradesh. This proposed township will play a crucial role in supporting the development of infrastructure along the rail corridor. It aims to ensure the commercial viability of the regional rapid transit system (RRTS) and promote transit-oriented development (TOD), which has become a global standard in many developing nations. The estimated cost of land acquisition for this project is approximately Rs 2,000 crore, with the state government offering 50 percent as an interest-free long-term loan. The National Capital Region Transport Corporation (NCRTC) is spearheading this initiative, adhering to transit-oriented development and value capture finance principles. To aid the construction of the Delhi-Meerut RRTS, the state government has allocated Rs 350 crore. The project is set to be completed by 2025, and these funds will be used to expedite pending tasks, particularly in the Ghaziabad and Meerut sections.

Next Story
Real Estate

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Next Story
Real Estate

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

Next Story
Real Estate

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->