Want a commercial space in Delhi-Meerut RRTS stations? NCRTC is asking for bids
NCRTC), which is executing the Rs 30,000-crore Delhi-Meerut regional rapid transit system (RRTS) project, has invited bids for leasing of commercial space at three stations along the corridor.
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The NCRTC plans to develop the stations as retail hubs, which will help increase its non-fare revenue.
The RRTS project has received funding from the Asian Development Bank, New Development Bank and Asian Infrastructure Investment Bank.
Experts say the upcoming network of rapid rail will revive the real estate markets of Ghaziabad, Meerut and other areas along the corridor, including Modinagar and Muradanagar.
“Sahibabad, Guldhar, and Duhai RRTS stations are identified for leasing of commercial space. This is part of NCRTC's broader strategy of diversifying revenue sources and reducing reliance solely on fare collection.
By tapping into the commercial potential of RRTS stations, NCRTC can create additional streams of income, which are essential for covering operational costs, maintenance expenses, and future expansions,” said an official.
By 2031, the three stations are expected to handle nearly 100,000 passengers daily.
NCRTC has also identified 17.27 hectares of land in south Delhi’s Jungpura area to develop and lease serviced apartments.
“Combined with the projected increase in foot traffic, these commercial spaces present promising investment prospects. Through initiatives like maximising non-fare box revenues and implementing strategies such as
