+
Delhi govt allocates Rs 1.5 bn for RRTS Corridors
RAILWAYS & METRO RAIL

Delhi govt allocates Rs 1.5 bn for RRTS Corridors

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.

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.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?