The Uttar Pradesh urban development ministry has granted approval to the Meerut Development Authority (MDA) to create a 750-acre township near the upcoming Delhi-Meerut rapid rail transit system (RRTS). The new township aims to support the infrastructure surrounding the RRTS corridor and promote transit-oriented development. The project will receive a 50% interest-free loan from the UP government, and the National Capital Regional Transport Corporation (NCRTC) will also benefit from the development.
The MDA plans to develop a new township between Partapur and Mohiuddinpur (Bhudbaral, Partapur, Chhajjupur-Ikla). The new township is likely to provide a big relief to those who commute to Delhi, Noida or Gurgaon.
The proposed township aims to bolster the infrastructure surrounding the RRTS corridor, not only ensuring its commercial viability but also promoting transit-oriented development (TOD). TOD, now a recognized global standard in various developed and developing nations, focuses on optimizing residential, commercial, and recreational spaces within walking distance of public transit hubs.
Abhishek Pandey, Vice Chairman of MDA, revealed, “The cost of land acquisition will be around Rs 2,000 crore, out of which the UP government will provide 50 per cent as an interest-free long-term loan.” The project has been divided into two phases, with the state government already sanctioning the initial installment of Rs 500 crore.
The National Capital Regional Transport Corporation (NCRTC), the agency responsible for RRTS infrastructure development, is also set to benefit from the project. Puneet Vats, Chief Public Relations Officer of NCRTC, explained, “NCRTC is actively collaborating with the development authorities of Meerut and Ghaziabad to develop the identified influence zones along the Delhi-Ghaziabad-Meerut RRTS corridor, following the newly approved TOD policy by the UP government.”
This initiative falls under the ambitious Mukhyamantri Shehri Vistar Yojana and adheres to TOD and value capture financing (VCF) policies. Under TOD, the focus lies on optimizing areas around rail transit hubs, while VCF allows governments and private entities to finance infrastructure projects by reclaiming a portion of the increased property value or economic benefits brought about by the project’s implementation.
Divisional Commissioner Meerut and Chairperson MDA, J Selva Kumari, emphasized, “Land value financing is an innovative way to generate revenue for the RRTS project. The launch of a new township enables us to incorporate value capture tools such as the sale of additional floor area ratio (FAR), which will significantly enhance the value of nearby properties.”
With this approval, the state of Uttar Pradesh is taking a proactive step in ensuring that the Delhi-Meerut RRTS is not only a transportation milestone but also a catalyst for sustainable urban development in the region.
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