GHAZIABAD: The launch of the transit-oriented development (TOD) policy along the 45km rapid rail corridor is poised to substantially enhance revenue generation. This policy will increase the floor area ratio (FAR) in the TOD influence area by 33–50% from the current 1.5, with provisions for mixed land use. Authorities estimate that this initiative could boost revenue from the zone by more than 200%.
Officials confirmed that the Ghaziabad Development Authority (GDA) and the National Capital Region Transport Corporation (NCRTC) will share revenue generated from TOD equally. NCRTC has requested GDA to ensure that revenue from map approvals within the TOD zone is deposited into an escrow account, overseen by a joint committee, to maintain transparency and proper funds management.
“According to the UP Transit Oriented Development Policy 2022, any revenue generated between GDA and NCRTC will be shared equally, and this arrangement will commence once the TOD influence zone is finalized,” said GDA Secretary Rajesh Kumar Singh. He also mentioned that they are currently developing the process for routing funds through the escrow account.
An NCRTC official highlighted that a 1.5 km corridor on either side of the rapid rail line, covering approximately 45 km, will be included in the TOD influence zone. Significant areas identified span 650 hectares near Sahibabad RRTS station, 477 hectares by Ghaziabad station, 818 hectares around Guldhar, 720 hectares near Duhai, 376 hectares close to Muradnagar, 938 hectares adjacent to Modinagar South, and 688 hectares near Modinagar North.
The TOD policy is part of a comprehensive strategy aimed at recouping an estimated project cost exceeding Rs 30,000 crore by 2054, with revenue growth through FAR increases and mixed land use representing one of five primary sources.
