The Ghaziabad Development Authority (GDA) has agreed to fund-raising proposals for the rapid rail corridor and also for three of four value-capturing proposals from the NCR Transport Corporation. This is being implemented in areas managed by GDA's administration, said vice-chairperson Kanchan Verma. The proposal is being sent to Lucknow for the state government's approval. Prior to this, NCRTC had suggested heads under which funds could be raised for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor and the agency has now accepted NCRTC's proposal to hike stamp duty by 1% in areas under GDA's jurisdiction. The other proposal that GDA accepted was to increase purchasable floor area ratio (FAR) in the RRTS influence zone. The RRTS corridor's nearest station from Indirapuram will be Sahibabad, but unlike Indirapuram, which is a GDA area, Vaishali and Vasundhara are not. Of the total RRTS project cost of ₹30,274 crore, the UP government will bear ₹6,500 crore. The 82-km Delhi-Ghaziabad-Meerut RRTS corridor will originate at Sarai Kale Khan in Delhi and terminate at Modipuram in Meerut and will have eight stations — Sahibabad, New Bus Adda, Guldhar, Duhai, Muradnagar, Modinagar (South) and Modinagar (North). High-speed trains are expected to bring the Delhi-Meerut ride down to 55 minutes.
📅Published on:
05 July 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
