Delhi govt allocates Rs 1.5 bn for RRTS Corridors

02 Jan 2024 CW Team

The initial instalment of Rs 1.5 bn from the Delhi government has been disbursed for the construction of two proposed rapid rail transit system corridors. Out of this, Rs 1 billion is allocated for the Delhi-Shahjahanpur-Neemrana-Behror line, while the remaining funds will be utilised for the Delhi-Panipat corridor.

In response to criticism from the Supreme Court, the transport department had requested a provision of Rs 4.95 billion in the revised budget estimates for the RRTS project. Despite no demand from the department this year, the finance department did not allocate any funds in the 2023-24 budget estimates for the construction of the Delhi-Meerut corridor, as well as the proposed Delhi-Panipat and Delhi-SNB lines.

Earlier disbursements of Rs 5 billion in May and Rs 4.95 billion this month, funded by the environment compensation charge collected from goods vehicles entering the capital, were made for the Delhi-Meerut section. The National Capital Region Transport Corporation has specified that the Delhi government's total share for the two proposed corridors amounts to Rs 57.04 billion, to be paid in annual instalments until 2028-29.

For the financial year 2024-25, Delhi is obligated to pay Rs 8 billion for the Delhi-SNB corridor and Rs 1 billion for the Delhi-Panipat line. Additionally, Rs 10.50 billion, Rs 13 billion, Rs 13.04 billion, and Rs 10 billion are expected to be paid in the subsequent financial years from 2025-26 to 2028-29, respectively.

The comprehensive cost of the three rapid rail corridors is estimated to exceed Rs 910 billion, with contributions from the Centre and the states of Uttar Pradesh, Haryana, and Rajasthan. The Delhi government acknowledges the annual financial commitment for the RRTS lines and plans to allocate the necessary funds from the 2024-25 budget onwards.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..