Understanding the RRTS and How RRTS Impacts on Property Values
Understanding the RRTS and How it Impacts on Property Values
The National Capital Region Transport Corporation (NCRTC) is working on a special train line called the RRTS. Understanding the RRTS and How RRTS Impacts on Property Values. This train will travel fast between Delhi, Ghaziabad, and Meerut, covering a distance of 82 kilometers. There will be stations where people can get on and off, and some places where they can change to different trains.
This new train line starts from Sarai Kale Khan in Delhi and goes through areas like Anand Vihar, Sahibabad, Ghaziabad, Duhai, Muradnagar, and Meerut before reaching its final stop, Modipuram.
A part of this train line between Sahibabad and Duhai, about 17 kilometers long, is expected to start by March this year. The whole train line should be ready by 2025.
People will be able to travel from Delhi to Meerut in just 55 minutes using this train, which is quite fast.
Even the local metro stations in Meerut will connect to this new train line. Some of these metro stations are Shatabdi Nagar, Brahmpuri, Modipuram, and Meerut North. In total, there are 13 metro stations within about 21 kilometers, so people will have good options to travel around the city.
The special thing about these trains is that they’ll use the same tracks, but the RRTS trains will only stop at certain stations, while metro trains will stop at all 13 stations.
This also affects the property market.
Vinay Kumar Singh, who is in charge of the NCRTC, says that building this train line will have a big impact on the properties nearby. As more people use this train, the area around it will become more popular. This can bring more business and opportunities for people living there. Having more houses near the train stations and roads will create new neighborhoods and places to live. This makes the properties in that area more valuable, and more people will want to invest in them.
How This Affects Property in the Area
Experts in real estate (properties) say that the RRTS train line and a new government policy in Uttar Pradesh that helps develop areas around the train line are big game changers.
The prices of properties near the RRTS train line have gone up by 35-40% in the last 2 years. Before, they were between Rs 12,000 and Rs 15,000 per square yard, but now they are between Rs 12,000 and Rs 20,000 per square yard.
In Ghaziabad, most of the area already has buildings, both for business and homes. Starting new projects might be hard, so the properties that are already built will become more valuable. For example, KW Group’s KW Delhi 6 Shopping Mall in Ghaziabad falls into this category. People who invest in it now might get more value compared to those who invest later.
How the TOD Policy Helps
The Uttar Pradesh government has a new policy to help develop areas around the RRTS train line. This policy is called the Transport Oriented Development policy. It means that areas like Duhai, Guldhar, Muradnagar, and Modi Nagar along the train line will change from mostly farms to places where people can live and have shops.
This policy will bring more opportunities for people to live in these areas and help them grow.
