Are 66% of Existing Users Ready to Invest in Properties Along India's RRTS Corridors?
Synopsis
Key Takeaways
- 66% of users are interested in investing in RRTS corridors.
- 80% associate connectivity with economic growth.
- Investment sentiment is influenced by commercial activity.
- Decentralization potential exists with 38% open to relocating.
- Integrated development is key to unlocking investment potential.
New Delhi, Dec 26 (NationPress) The Regional Rapid Transit System (RRTS) is proving to be a significant driver of corridor-based investments in the nation. A recent report reveals that nearly 80% of current users link enhanced RRTS connectivity to increased economic prospects in their locality.
When infrastructure improvements are evident, perceptions of economic growth strengthen markedly, boosting confidence by more than 2.25 times. This heightened confidence manifests in real estate interest, with 66% of existing users indicating a willingness to invest in properties near the RRTS corridor, as reported by Knight Frank India.
The presence of commercial activities and ongoing real estate projects significantly influences investment sentiment, amplifying the intent to invest by 10.2 times and 7.7 times, respectively.
Furthermore, the findings suggest a notable opportunity for decentralization, with 38% of respondents expressing a readiness to move away from major urban centers. However, this willingness strongly depends on the availability of adequate social infrastructure, highlighting the necessity for integrated residential, commercial, and civic development to fully unlock the investment potential of RRTS corridors.
“The RRTS is a crucial infrastructure initiative for India's urban and regional transport landscape. Commuters prioritize time savings, safety, and reliability, and are inclined to embrace modern transport solutions when connectivity functions seamlessly,” stated Shishir Baijal, International Partner, Chairman, and Managing Director of Knight Frank India.
For policymakers and urban planners, effective integration of mobility and urban development is essential. For investors and developers, RRTS corridors present real opportunities for growth where infrastructure aligns with land-use planning and commercial momentum.
The RRTS is exemplified by the flagship Delhi–Ghaziabad–Meerut corridor, currently under development by the National Capital Region Transport Corporation (NCRTC). This corridor has received approval for a budget exceeding Rs 30,000 crore and will ultimately cover 82 km, significantly reducing travel time between Delhi and Meerut to under an hour.
The priority portion of the system is already operational, and ongoing funding illustrates the government's steadfast commitment to completing this vital project.