RAPID CONNECT TO CAPITAL

Travelling to Delhi from neighbouring towns of Panipat, Meerut and Alwar is all set to get easier, with the ambitious regional rapid transit system inching towards reality. 
    The feasibility study of the project, proposed by the urban development ministry and National Capital Region Planning Board (NCRPB), is ready. The cabinet note on National Capital Region Transport Corporation (NCRTC), the special purpose vehicle that will execute the project, has been put up along with a note to the ministry's expenditure finance committee. 
    Delhi Integrated Multi-modal Transit System (DIMTS), which is preparing the detailed project report for two of the alignments — the Delhi-Panipat and Delhi-Meerut lines, says the basic framework for the project is ready along with the fare structure. “The feasibility study also chalks out the financial structure of the project, along with the structure of NCRTC,” said a DIMTS spokesperson. 
    According to officials, the states involved in the project, Delhi, Haryana, Uttar Pradesh and Rajasthan, have agreed on the equity amount to be contributed by each to the corpus for NCRTC, 50% of which will come from the Centre. “The Planning Commission has also approved the project in principle,” said a senior official from NCRPB. National Highways Authority of India has also given the goahead to the Delhi-Panipat section, added the official. 
    The three alignments will connect these NCR towns to the capital through high-speed trains. “The trains will operate at a speed of 60kmph, and will run on broad gauge. Unlike the Metro, which has stations at a distance of one-two km, these alignments will have stations at a distance of five-10km,” said the DIMTS spokesperson. 
    Bigger coaches as well as luggage space will be the hallmarks of the trains, which will initially consist of three coaches. The fare, according to DIMTS, will be around Re 1 per km, with the Meerut line costing Rs 90 while the ticket for the 111km Delhi-Panipat line costing Rs 100. The most expensive will be the 180km Delhi-Alwar line at Rs 193. The fare will be graded according to the distance of the station from the originating point. According to the feasibility study, the frequency of the trains will be five minutes. 
    “The idea is to reduce the congestion on the road by tapping the two- and four-wheelers and buses,” said the DIMTS official. According to a 2007 survey, over a crore vehicles travel through Delhi every day. “With the high-speed corridors in place, the cost-benefit will be huge, in terms of fuel, highway, pollution, capital and time. There will be a benefit of 31% to Delhi,” said the spokesperson. 
    The 111km Delhi-Panipat alignment, which starts from ISBT Kashmere Gate, will reach the IOCL plant in 74 minutes. The 90km Delhi-Meerut line from ISBT Sarai Kale Khan will go to Modipuram in 62 minutes while the Delhi-Alwar line will start from ISBT Kashmere Gate and cover 180km in 117 minutes. 
    The government is also planning to develop pockets of real estate along the high-speed rail corridors, said DIMTS officials. “The development will be based on the transit-oriented development concept, with emphasis on high-density residential and commercial projects in these areas. The access to the rapid rail corridor is the backbone of this development,” said the official.

(Source TOI) 
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Bhiwadi: The next boom town

   Bhiwadi, is strategically located between Delhi, Gurgaon and Jaipur now enjoys the status of a Regional Centre or Priority Town of the National Capital Region (NCR), and has been able to create a niche for itself among the fast growing cities of India.

For developers and small investors in real estate, it has already become a destination of choice.

Bhiwadi, in Rajasthan’s Alwar district, is a fast modernising town with all facilities available. Numerous industries have come up in the surrounding regions such as Bhiwadi-Neemrana, Dharuhera, Tapukhera, Khushkhera, Chopanki, Bawal, etc.

Modern agri practices to be introduced Khushkhera-Bhiwadi-Neemrana zone

   The ensure availability of water for industrial use in Khushkhera-Bhiwadi-Neemrana (KBN) zone on the Delhi-Mumbai industrial corridor (DMIC), state government will develop the zone as the modern agriculture hub. State government officials have been asked to submit a detailed plan to department of industrial policy and promotion (DIPP) by December 2012.

While 85% water in the zone is utilized for agricultural purposes, the state government has intensified efforts to implement modern and efficient practices to ensure optimum use of resource and check wastage. This, in turn, will ensure adequate water supply for the industrial and manufacturing zone.

Haryana, Rajasthan clear alignment of Delhi-Jaipur expressway

   The proposed six-lane expressway from Delhi to Jaipur has cleared a major hurdle. The new alignment of the expressway, which will have a limited number of entries and exits, has been approved by Haryana and Rajasthan. The two states want National Highways Authority of India (NHAI) and the highways ministry to consult them while proposing real estate development along the expressway. 

    Delhi government has already given an in-principle approval to the access-controlled expressway which is expected to slash travel time between the two cities to less than three hours. The length of the new alignment will be around 230-240 km. The portion of the expressway falling in Delhi will be elevated since availability of land is a problem in the national capital. 

Raheja to develop over 17,000 housing units in 5 yrs in NCR

   Realty firm Raheja Developers today said it would construct over 17,000 residential units in next five years aiming to generate revenues of nearly Rs 4,100 crore.The company also said it would develop about 2,800 affordable flats in the Capital during the same time period.

"We are planning to construct around 17,160 units in next five years. These will be spread across four projects. The project revenue will be nearly Rs 4,100 crore," Raheja Developers Chairman Navin M Raheja told PTI.