RRTS will change the Delhi NCR Real Estate dynamics

RRTS or the Regional Rapid Transit System is a semi-high-speed rail system that is being developed in the National Capital Region (NCR) of India. The RRTS will connect Delhi, Ghaziabad, Meerut, and other cities in the NCR, and is expected to be operational by 2025.

The RRTS is expected to have a significant impact on the real estate market in the NCR. The RRTS will provide a faster and more convenient way to travel between Delhi and the other cities in the NCR, which will make these cities more attractive to businesses and residents. This is likely to lead to increased demand for property in these cities, which will push up property prices.

A study by the National Real Estate Development Council (NAREDCO) found that property prices in areas along the RRTS corridor have already increased by 35-40% over the last two years. The study also found that the RRTS is expected to boost the NCR real estate market by an additional ₹10,000 crore (US$125 million) by 2025.

#Delhi #Meerut RapidX #RRTS update from Sahibabad and Ghaziabad stations.
Both stations are nearing full completion.

PC: @DetoxTravellerr#NCRTC #UttarPradesh @RailMinIndia #IndianRailways @mlkhattar #Haryana pic.twitter.com/W4g3aUJaHM

— Infra News India (INI) (@TheINIofficial) June 4, 2023

The following are some of the ways in which the RRTS is expected to impact the NCR real estate market:

• Increased demand for property: The RRTS will make it easier and faster for people to travel between Delhi and the other cities in the NCR, which will make these cities more attractive to businesses and residents. This is likely to lead to increased demand for property in these cities, which will push up property prices.
• Increased investment: The RRTS is a large infrastructure project, and its construction is expected to generate significant investment in the NCR. This investment is likely to boost the local economy and create jobs, which will further boost the demand for property in the region.
• Improved connectivity: The RRTS will improve connectivity between Delhi and the other cities in the NCR. This will make it easier for people to travel to work, school, and other destinations, which will improve their quality of life. This is likely to make these cities more attractive to businesses and residents, which will further push up property prices.

Overall, the RRTS is expected to have a positive impact on the NCR real estate market. The RRTS will make the NCR more attractive to businesses and residents, which will lead to increased demand for property and higher property prices.