SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

NCRTC plans housing and commercial hubs along Delhi-Meerut rapid rail

#Law & Policy#Infrastructure#India
Last Updated : 1st Sep, 2025
Synopsis

NCRTC, in partnership with the Uttar Pradesh government, is preparing master plans to combine housing and commercial development with the 82-km Delhi-Meerut rapid rail corridor. The approach is based on Transit-Oriented Development, which encourages housing, offices, and amenities close to transit hubs. In Delhi, Jangpura and Sarai Kale Khan hubs are at advanced stages, while Meerut has allocated over 3,200 hectares for TOD growth, including a 350-hectare township. NCRTC has also invited bids to monetize land in Ghaziabad, Duhai Depot, Bhaisali, and Modipuram Depot, with a Project Management Unit set to oversee implementation.

The National Capital Region Transport Corporation (NCRTC), along with the Uttar Pradesh government, is working on detailed master plans to bring in housing and commercial developments along the 82-km Delhi-Meerut rapid rail corridor. Rajat Gosain, Group General Manager (Planning) at NCRTC, explained that the effort is to integrate residential and commercial growth with the transit system so that people living in these areas benefit from improved connectivity and overall quality of life.


Speaking during a session on urban mobility and quality of life at the 17th NAREDCO National Convention, Gosain mentioned that approvals from local authorities in Ghaziabad, Modinagar, and Meerut are still pending. He clarified that town-planning work can only start after the necessary permissions are granted. Although no fixed timeline was shared, he indicated that once approvals are in place, the process will begin without delay and is expected to significantly shape development in these regions.

The proposed growth is based on the Transit-Oriented Development (TOD) model, which focuses on creating compact, mixed-use spaces within walking distance of rapid transit stations. The plan aims to provide affordable housing, workplaces, and public amenities in one location, reducing dependence on long commutes. In Delhi, areas like Jangpura and Sarai Kale Khan are at advanced planning stages, while the proposal for Anand Vihar is still under review. The concept is also linked with the 55 km stretch of the Delhi-Meerut corridor that is already operational and seeing passenger movement.

In Uttar Pradesh, the Meerut Development Authority's 2031 master plan has allocated more than 3,200 hectares of land under TOD-based development. Out of this, around 2,442 hectares are divided into seven TOD zones and two special development areas across RRTS stations. A key part of this plan is the New Meerut Township, a 350-hectare greenfield development proposed near the Meerut South station, which is expected to add large-scale residential and commercial capacity to the region.

NCRTC has also moved forward with land monetization efforts. Tenders have already been invited for land parcels at Ghaziabad, Duhai Depot, Bhaisali (Meerut), and Modipuram Depot. These parcels, which range between 2.4 hectares and 31 hectares, are intended for a variety of uses such as retail outlets, malls, entertainment hubs, integrated office and parking complexes, rental housing, studio apartments, hospitals, and theme parks. A dedicated Project Management Unit is being set up to guide planning, conduct market studies, and monitor the execution of these projects.

Have something to say? Post your comment