Commercial, residential hubs planned along Delhi-Meerut Namo Bharat corridor

In a move to develop commercial, residential and service hubs along the Delhi-Meerut Namo Bharat corridor, the National Capital Region Transport Corporation plans to set up a project management unit for strategic planning. The NCRTC, which is executing the project, has invited bids, aiming to monetise land parcels, generate non-fare revenue and develop commercial, residential, and service hubs along Namo Bharat stations, according to officials.

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The selected consultants will be responsible for market research, transaction advisory, project management support, strategic planning and knowledge transfer. The Ghaziabad plot spans about 2.4 hectares, while the plots in Duhai Depot, Bhaisali, and Modipuram cover about 31, 9.7, and 31 hectares, respectively, iNCRTC said in a statement.

In addition to these major sites, smaller land parcels covering about 16 hectares are available at Sarai Kale Khan, New Ashok Nagar, Anand Vihar, Guldhar, Duhai, Muradnagar, Modinagar South and North, Meerut South, Shatabdi Nagar, and Modipuram, it said. Integrating this semi-high-speed corridor with Transit-Oriented Development (TOD) zones enhances connectivity, stimulates economic growth, and prevents unplanned urban sprawl.

The Project Management Unit, which will be set up soon, will play a crucial role in ensuring the successful implementation of the property development plan, the statement said, adding that the selected consultant will be responsible for strategic planning, market research, transaction advisory, project management support and knowledge transfer.

“Key responsibilities will include conducting real estate market studies, demand assessments, and financial modeling to optimise land utilisation. The PMU will also prepare business plans and bid documents, facilitate the selection of developers, and oversee stakeholder coordination, contract execution, and project progress,” it stated.

“At the conclusion of the project, the consultant will provide documentation and handover reports to ensure seamless knowledge continuity. The last date of submission for this is March 20,” it added.

The development strategy will align with Transit-Oriented Development (TOD) principles and existing regulatory frameworks, the statement read.