NCRTC plans to convert stations as a major retail hub

The National Capital Region Transport Corporation, which is executing the country’s first Regional Rapid Transit System (RRTS) project between Delhi and Meerut, has planned to build its stations as retail hubs. MD at NCRTC, Vinay Kumar informed that the corporation has separate development plans for different stations as it aims to generate non-fare revenue from the ₹30,000 crore project. The project has funding from the Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB). The high-speed rail will be mostly used by officegoers during weekdays. The corporation is making sure that traffic comes on the weekends too, for which it has planned retail spaces across the line.

The corporation has also planned healthcare facilities, banquets, entertainment parts and food plazas at different stations. NCRTC has already appointed a consultant for the preparation of an Influence Zone Plan (IZP) at Jangpura and invited partners to provide consultancy services for the preparation of an IZP for Anand Vihar Multimodal Transit Hub. This will help the corporation in exploring the real estate potential of the areas in and around the stations. A project of this size always impacts the real estate of the nearby region in a positive manner and both UP and Delhi governments are supporting us in exploring non-fare revenue so that it does not have to keep the fare high for daily commuters.