66 percent of current users keen to buy property in India’s RRTS corridor: Report

As the Regional Rapid Transit System (RRTS) is emerging as a strong catalyst for corridor-based investment in the country, nearly 80 percent of current users surveyed associate improved RRTS connectivity with enhanced economic opportunities in their region, a report showed on Friday.

Perceptions of economic growth are significantly strengthened where infrastructure upgrades are visible, leading to a 2.25-fold increase in confidence. This translates into tangible real estate interest, with 66 percent of existing users willing to invest in property along the RRTS corridor, according to a Knight Frank India report.

The presence of commercial activity and active real estate development play a crucial role in shaping investment sentiment, increasing investment intent by 10.2 times and 7.7 times, respectively.

The findings also point to a clear decentralization opportunity, with 38 percent of respondents open to moving away from major urban centers; However, this desire is closely linked to the availability of supporting social infrastructure underlining the importance of integrated residential, commercial and civic development to unlock the full investment potential of the RRTS corridor.

“RRTS is a key infrastructure intervention for India’s urban and regional transport landscape. Travelers are ready to adopt modern transport solutions when they place a premium on time saving, safety and reliability, and when connectivity works seamlessly,” said Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India.

For policy makers and city planners, integration is key in both mobility and urban development. For investors and developers, the RRTS corridor represents tangible opportunities for development where infrastructure is dominant along with land-use planning and commercial momentum, he mentioned.

The RRTS – exemplified by the flagship Delhi-Ghaziabad-Meerut corridor being developed by the National Capital Region Transport Corporation (NCRTC) – has already begun its phased rollout.

Rs. The corridor, approved at a cost of over 30,000 crores, will eventually span 82 km and will dramatically reduce the travel time between Delhi and Meerut to less than an hour.

A priority section of the system has begun operations, and ongoing funding reflects the government’s ongoing commitment to completing the project.