With the Regional Rapid Transit System (RRTS) set to begin operations between Meerut and Anand Vihar by the end of this year, the real estate market is rife with speculation regarding its influence on property values. This innovative semi-high-speed rail network, the first-of-its-kind in India, is anticipated to enhance connectivity throughout the National Capital Region (NCR), which may result in considerable shifts in the real estate sector. Currently, RRTS is functioning between Meerut South and Sahibabad.

Property Prices on the Rise

The excitement associated with the RRTS is beginning to manifest in property values along the corridor. In recent years, land prices in proximity to the RRTS line have increased by 35-40%. Previously, these prices fluctuated between Rs 12,000 and Rs 15,000 per square yard; however, current data indicates that prices have now surpassed the Rs 18,000 to Rs 20,000 per square yard range.

“The upward trajectory is particularly evident in regions located farther from Delhi, including Meerut and Modipuram. The enhanced connectivity anticipated from the RRTS is projected to render these areas more appealing to purchasers and investors in search of affordable, well-linked properties. With the RRTS facilitating quicker travel to Delhi, the demand for both residential and commercial real estate in these locales is expected to rise, consequently driving prices upward,” says Manoj Gaur, President, CREDAI NCR and CMD, Gaurs Group.

Commenting on the same, Gaurav Gupta, General Secretary, CREDAI-NCR, says, “The RRTS will be a game-changer for residents in the Ghaziabad to Meerut region, significantly reducing travel time to Delhi and enhancing the area’s appeal. This development is not only promising for future rental property appreciation but also offers substantial benefits for those already living there. The improved connectivity is set to make the region more attractive, especially for renters, with Ghaziabad emerging as a preferred choice over other areas.”

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Contributing Factors and Expert Insights

The RRTS is not the only factor driving real estate appreciation in the region. “The overall improvement in infrastructure, including better roads, an expanding metro network, and the Hindon civil terminal, has enhanced the region’s stature as a prime residential and commercial destination. These developments have made the area more attractive to both homebuyers and investors, contributing to the rising property prices,” informs Ashutosh Chaudhary, Director – Marketing and Strategy, Trisol RED.

What RRTS is doing is increasing the value proposition of localities situated in its vicinity. “The closer a parcel of land is to the RRTS line, the higher the price appreciation. Moreover, since it makes it easier to commute from far-off places such as Meerut and Mordipuram, the impact on property prices is higher than in the regions closer to Delhi. The true extent of price appreciation depends on various factors, including the actual demand and supply of properties along the RRTS corridor and the concomitant infrastructure development,” says Yash Miglani, MD, Migsun Group.

A Game-Changer for Connectivity

The RRTS corridor spans 82 kilometres, linking Sarai Kale Khan in Delhi with Modipuram in Meerut. With 25 stations along the route, including major stops at Anand Vihar, Sahibabad, Ghaziabad, Duhai, Muradnagar, and Modi Nagar, the RRTS promises to drastically reduce travel time between Delhi and Meerut to just 55 minutes. This enhanced connectivity is expected to make the NCR more accessible, particularly for those living or working in areas currently underserved by public transportation.

Anand Vihar, a major transit hub in Delhi, will play a crucial role in the success of the RRTS. The station will seamlessly integrate the RRTS with the Delhi Metro, Indian Railways, and various bus networks, creating a transportation nexus that will benefit lakhs of commuters daily. This integration is likely to make properties in and around Anand Vihar more desirable, as convenience and connectivity are often key drivers of real estate value.