New Delhi, National Capital Region Transport Corporation has said that the last date for submitting bids for licensing prime commercial spaces in Sahibabad, Guldhar and Duhai is June 25.
In a statement, the NCRTC said that major banks, developers and retail giants have shown interest in these land parcels at these Regional Rapid Transit System (RRTS) stations.
The pre-bid meetings were attended by prominent names from the Indian business landscape including HDFC Bank, Unity Group, Singla Sweets, Reveria Buildcon and Manju Gaur and Associates.
This strong industry interest signifies the immense potential of these commercial spaces within the Regional Rapid Transit System (RRTS) network, according to the release.
Namo Bharat trains, which serve the RRTS route, have seen a steady rise in passenger numbers since their inauguration in October 2023 by Prime Minister Narendra Modi, the agency said.
These state-of-the-art stations, which are expected to serve an ever-growing passenger base, present ideal opportunities for outlets such as restaurants, QSR chains, clothing brands and banking facilities to serve the expected high traffic, he said.
At Sahibabad RRTS station, a built-up area spanning approximately 165 square meters in the entry/exit block adjacent to Vasundhara and Sahibabad industrial area is open for bidding.
This strategically located space, on Madan Mohan Malviya Road, offers an excellent opportunity for commercial establishments such as banks, offices and restaurants/F&B outlets, the statement said.
At Guldhar station, a built-up area of around 145 sq m located in the entry/exit block offers a lucrative opportunity for commercial establishments such as banks, offices and restaurants/F&B outlets. Its proximity to Meerut Road, near Ghaziabad's Raj Nagar extension, and educational and residential areas makes it an attractive investment proposition, he said.
At Duhai RRTS station, it has two commercial spaces at the entrance/exit of pockets A and D, of around 140 and 135 square meters respectively, situated on both sides of Meerut Road.
These spaces, very suitable for restaurants and various commercial ventures, enjoy close proximity to educational institutions. Combined with the projected increase in foot traffic, these commercial spaces present promising investment prospects, according to the release.
NCRTC's strategic emphasis on harnessing commercial potential through innovative approaches is in line with its objective of strengthening the financial sustainability of the RRTS project.
Through initiatives such as maximizing non-fare revenue and implementing strategies such as Transit Oriented Development (TOD), Land Value Capture (LVC) and Value Capture Financing (VCF), NCRTC is committed to ensure the lasting viability of RRTS corridors and stations, he said.
Currently, a 34 km stretch between Sahibabad and Modi Nagar north of the Delhi-Ghaziabad-Meerut RRTS corridor, which includes eight stations (Sahibabad, Ghaziabad, Guldhar, Duhai, Duhai Depot, Murad Nagar, Modi Nagar South and Modi Nagar North) , is operational for passengers.
The section is expected to be extended up to Meerut South RRTS station soon, taking the total operational section to 42 km between Sahibabad and Meerut South. Construction is progressing rapidly on the remaining sections and the entire 82-kilometer corridor is expected to be operational by 2025, he added.
In a statement, the NCRTC said that major banks, developers and retail giants have shown interest in these land parcels at these Regional Rapid Transit System (RRTS) stations.
The pre-bid meetings were attended by prominent names from the Indian business landscape including HDFC Bank, Unity Group, Singla Sweets, Reveria Buildcon and Manju Gaur and Associates.
This strong industry interest signifies the immense potential of these commercial spaces within the Regional Rapid Transit System (RRTS) network, according to the release.
Namo Bharat trains, which serve the RRTS route, have seen a steady rise in passenger numbers since their inauguration in October 2023 by Prime Minister Narendra Modi, the agency said.
These state-of-the-art stations, which are expected to serve an ever-growing passenger base, present ideal opportunities for outlets such as restaurants, QSR chains, clothing brands and banking facilities to serve the expected high traffic, he said.
At Sahibabad RRTS station, a built-up area spanning approximately 165 square meters in the entry/exit block adjacent to Vasundhara and Sahibabad industrial area is open for bidding.
This strategically located space, on Madan Mohan Malviya Road, offers an excellent opportunity for commercial establishments such as banks, offices and restaurants/F&B outlets, the statement said.
At Guldhar station, a built-up area of around 145 sq m located in the entry/exit block offers a lucrative opportunity for commercial establishments such as banks, offices and restaurants/F&B outlets. Its proximity to Meerut Road, near Ghaziabad's Raj Nagar extension, and educational and residential areas makes it an attractive investment proposition, he said.
At Duhai RRTS station, it has two commercial spaces at the entrance/exit of pockets A and D, of around 140 and 135 square meters respectively, situated on both sides of Meerut Road.
These spaces, very suitable for restaurants and various commercial ventures, enjoy close proximity to educational institutions. Combined with the projected increase in foot traffic, these commercial spaces present promising investment prospects, according to the release.
NCRTC's strategic emphasis on harnessing commercial potential through innovative approaches is in line with its objective of strengthening the financial sustainability of the RRTS project.
Through initiatives such as maximizing non-fare revenue and implementing strategies such as Transit Oriented Development (TOD), Land Value Capture (LVC) and Value Capture Financing (VCF), NCRTC is committed to ensure the lasting viability of RRTS corridors and stations, he said.
Currently, a 34 km stretch between Sahibabad and Modi Nagar north of the Delhi-Ghaziabad-Meerut RRTS corridor, which includes eight stations (Sahibabad, Ghaziabad, Guldhar, Duhai, Duhai Depot, Murad Nagar, Modi Nagar South and Modi Nagar North) , is operational for passengers.
The section is expected to be extended up to Meerut South RRTS station soon, taking the total operational section to 42 km between Sahibabad and Meerut South. Construction is progressing rapidly on the remaining sections and the entire 82-kilometer corridor is expected to be operational by 2025, he added.
