Development In And Around Key Infrastructure Projects In NCR

Delhi NCR is going through rapid development lately with the announcement of Karnal and Jind districts of Haryana to be included in the National Capital Region. This region has become a nerve center of economic activity in the northern states with a total of 21 cities now, a part of NCR making it one of the largest urban agglomerate in the world. This is going to be a major boost for properties in Delhi NCR.

With heightened economic activity, there arises a necessity for infrastructural development in the region too. The Regional Rapid Transit System (RRTS) in NCR is said to the the single most transforming factor for regional economic growth.

Apart from improving connectivity this will also decongest national highways and other roads in the region reducing the burden on Delhi and its satellite towns of Gurgaon and Noida. And also reducing the burden on its social and economic infrastructure. This will also in turn increase the value of projects in Noida and further add value to the projects in Gurgaon.

The National Capital Region Transport Corporation (NCRTC) has been set up to implement RRTS. The first phase will include development of three corridors namely Delhi- Sonepat-Panipat (111 kms), Delhi-Gurgaon-Alwar (180 kms) and Delhi-Ghaziabad-Meerut (90 kms) by 2016. These corridors are expected to carry 4 lakh, 7 lakh and 5.7 lakh riders respectively.

Five more corridors will be added in the second phase of expansion. These corridors will be Delhi-Faridabad-Ballabgarh-Palwal, Ghaziabad-Khurja, Delhi-Bahadurgarh-Rohtak, Ghaziabad-Hapur and Delhi-Shahadra-Baraut.

Apart from this RRTS project the Prime Minister’s Office is also set to clear the Delhi-Jaipur Expressway in motion by September 2014. This 272 km long expressway is a top priority project with a total investment of INR 11,750 crore. Th Highway Ministry is working out the financials and adequate land availability for this project.

Just before the general elections the government has also approved the Amritsar-Kolkata Industrial Corridor (AKIC) aimed it mobilising the manufacturing sector of the country. The project will be developed on either side of Eastern Dedicated Freight Corridor spreading across 20 cities and 7 states namely Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal.

With an estimated financial commitment of INR 5,600 crore over 15 years this project requires states to set up up Integrated Manufacturing Cluster (IMCs) of 10 sq. km each in every state along the corridor with a dedicated 40% of land cluster earmarked for agro-processing and manufacturing unit.