The Delhi-Alwar Regional Rapid Transit System (RRTS) is currently under construction and will link Delhi with the outlying satellite towns of Manesar, Rewari, and Alwwar. It will also link Delhi Metro’s four lines. Ten kilometers of the route are currently under construction, and the project’s completion date is still pending.
The Rs. 37,000 crore Delhi-Alar Regional Transit System (RRTS) is a project that will link India’s capital city with its surrounding towns in an efficient manner. It is anticipated that 8.5 lakh passengers will use this branch of the rapid transit system each day when it is completed. A 60 percent foreign loan from the World Bank, Asian Development Bank, and Japan International Cooperation Agency is being used to construct the project. Here are the main points of interest and upcoming changes regarding the Delhi-Alwar RRTS.
Delhi-Alwar RRTS: Principal features
The 164-kilometer Delhi-Alwar Regional Rapid Transit System (RRTS), currently under construction, will link Delhi, Gurgaon, Rewari, and Alwar. The project is a component of the RapidX corridors under the National Capital Region Transport Corporation’s (NCRTC) Phase 1 construction of the Rapid Rail Transport System. The trip between Alwar and Delhi will take about 104 minutes, assuming trains travel at an average speed of 105km/h.
Delhi-Alwar RRTS Station List
Multiple interchanges will occur with the Delhi Metro lines at the 22 stations along the Delhi-Alwar RRTS route. The stations on the main and spur lines are listed here:
Sarai Kale Khan (Interchange point is Delhi Metro Pink Line, Sarai Kale Khan ISBT, Hazrat Nizamuddin railway station)
INA (Yellow and Pink Lines of Delhi Metro)
Munrika (Delhi Metro magenta line)
Aerocity (Airport Express Delhi Metro)
Udyog Vihar (Delhi Metro Yellow Line)
Gurgaon Sector-17
Rajiv Chowk
Kherki Daula
Manesar
Panchgaon
Bilaspur chowk
Dharuhera
MIBIR
Rewari
Bawal
SNB
Khairthal
Alwar
Delhi-Alwar RRTS: Stations on Spur line
Shahjahanpur
Neemrana
Behror
Sotanala
Delhi-Alwar RRTS: Most recent information
The Delhi Government had stated that it could not contribute Rs 3,261 crore toward the building of the Delhi-Alwar RRTS corridor due to a lack of funding. Nonetheless, the government has consented to release the first installment of Rs 415 crore within two months following the recent Supreme Court mandate.
To improve passenger security along the RapidX routes, Delhi Police has also submitted a proposal for five new police stations to the National Capital Region Transport Corporation (NCRTC). The locations currently selected for this purpose are Kashmere Gate, Mukarba Chowk, Sarai Kale Khan, Anand Vihar, and Indira Gandhi International Airport.
Mayur Vihar is one of the posh areas in East Delhi, located on the Delhi-Noida border. The area has always been the homebuyers’ choice due to grand Returns on Investment (ROI), robust connectivity, and mixed residential choice. Propertywala brings the factors why you should invest in Mayur Vihar, Delhi.
Overview of Mayur Vihar, Delhi:
Mayur Vihar is a lavish residential hub, which splits into phases, namely, Phases 1, 2, and 3. The site is close to a sanctuary devoted to peacock conservation in East Delhi. Hence, the name Mayur (peacock) Vihar (dwelling). The development of the area dates back to the late 1970s when the government decided to sell the Delhi Development Authority (DDA) flats to Public Service Units (PSUs) and semi-PSUs such as Bharat Heavy Electricals Limited (BHEL). It was done as an experiment to combine the people of several income groups into one community. Nowadays, different phases in the Mayur Vihar house vary in statistics.
It is also well-connected via public transport and social and civic infrastructure. It has a metro station on the Blue Line of the Delhi Metro. Many government buses also ply. It will be a good decision for residents to invest in minimum price in Mayur Vihar with all the amenities and infrastructure.
The real estate market in Mayur Vihar:
The locality of Mayur Vihar is divided into three phases with different real estate statistics.
Phase 1 ranks at the top: Based on its popularity and is considered the poshest of the three. It is a premium real estate market influenced by 2 BHK residential apartments with average prices. The range of price is between Rs 90 lakh to 1.5 crores. The average price per sq. ft. in the area is over Rs 11,000. A few residential options in Mayur Vihar are builder floors, DDA flats, and cooperative housing societies in Mayur Vihar Phase 1.
Mayur Vihar Phase 2 : It is fairly preferred by investors. It may be helpful for many affordable projects because buyers can get a 2 BHK residential area for as low as Rs 40 lakh up to Rs 1.6 crore.
Mayur Vihar Phase 3: The locality offers enough standalone flats and houses. However, the residential market in phase 3 is slightly less preferred as compared to the other two phases. The locality is majorly famous for its commercial institutions. Get 2 BHKs in this locality between Rs 50 lakh and 1 crore. The per sq. ft. rate of the residential list in Mayur Vihar Phase-3 averages Rs 7,550. Ample flats under the Central and State (DDA) Government’s Housing Schemes are purchasable here.
Inventory share across budget:
Area Name
Rs 0-50 lakh
Rs 50 lakh to 1 crore
Rs 1 – 1.5 crore
Rs 1.5 to 2 crore
More than Rs 2 crore
Mayur Vihar-1
13%
18%
38%
18%
12%
Mayur Vihar-2
2%
42%
33%
13%
10%
Mayur Vihar-3
40%
48%
10%
1%
0%
Work Area of Mayur Vihar:
Connectivity to work areas is one of the remarkable factors driving the resident and buyer demand in Mayur Vihar. Since the locality borders Noida, the industrial area is around 10 km from Mayur Vihar. Further, the appearance of many technology organizations in Noida, like IBM, TCS, and Genpact, also remains a big point for the residents. People working in cities such as Gurgaon. They also have their house here as the area’s active metro services. It connects it to Gurgaon’s employment hubs via the Pink and Blue lines of the Delhi Metro.
Social amenities and Infrastructure:
In addition, Mayur Vihar is maintained by the New Delhi Municipal Corporation (NDMC), which has worked highly on improving its social and physical infrastructure. So, the given table highlights the infrastructure amenities in Mayur Vihar:
Mayur Vihar is maintained by the New Delhi Municipal Corporation (NDMC), which has worked highly on improving its social and physical infrastructure. The given table highlights the infrastructure amenities in Mayur Vihar:
Amenities
Phase 1
Phase 2
Phase 3
Hospitals
Kukreja Hospital, Manglam Hospital, Apex Citi Hospital
Lal Bahadur Shastri Hospital, and Apex Citi Hospital
Metro Multispeciality Hospital, and ESIC Model Hospital
Metro Connectivity
Mayur Vihar Phase 1 metro station connects the Blue and Pink Line
East Vinod Nagar metro station connects to the pink line
Trilokpuri-Sanjay Lake metro station connects to the pink line
Road connectivity
Noida Link Road, Delhi-Meerut Expressway and DND Flyway
NH-24 connects for easy access to Noida and Greater Noida
In close to NH-24
Schools
Ahlcon Public School, ASN International School, and Rishabh Public School
Bal Bhavan Public School, and Mayur Public School
Ryan International School, Somerville School, and Bharti Public School
Places of Interest
Akshardham Temple, Uttara Guruvayurappan Temple
Sanjay Lake, Neelam Mata Mandir
Akshardham Temple, Sanjay Lake
Retail Hubs
Galleria Mall, Star City Mall and the DDA Market
Pacific Mall, East Centre Mall And Cross River Mall
Gharoli Market, Pacific Mall and East Delhi Mall
It is around 20 km from the Indira Gandhi International (IGI) Airport and approximately 11 km from the New Delhi Railway Station. Its prime location is the main reason why Mayur Vihar is a popular realty area in the east of Delhi.
Investment Possibilities:
The property rates in the Mayur Vihar have been stable despite the pandemic. Further, the lifted rental demand keeps it popular among investors. The minimum rent for a 2 BHK semi-furnished residential apartment in several phases of Mayur Vihar is in the following ways:
Phase 1
Phase 2
Phase 3
Rs 24,000 per month
Rs 18,000 per month
Rs 13,000 per month
At last, the strategic development of the area, balanced returns on investment, and impressive realty choices allow various income groups to invest in Mayur Vihar. All of the above factors make it a promising investment option for buyers who are looking to settle between a calm and green environment and a developed infrastructure.
Metro connectivity and property rates in the capital goes hand in hand , its just like they run on parallel tracks as right from the announcement of new metro connections , property rates follows an upward swing.
With Delhi metro gearing up for the Phase III construction that will cover areas like Vasant Vihar, Dhaula Kuan, Munirka , Kalka Ji , lajpat Nagar , Botonical Garden (Noida) , real estate prices are expected to see a major rise in the prices. Metro certainly affectes real estate as it is a major factor to provide a safe and comfortable mode of transport. People prefers homes situated near the metro stations. How ever since the prices have already increased so much that it will be difficult to say how much impact the new lines will have now. Consultants further says that properties which are located near the Metro stations will have the maximum increase in the real estate price.
The entire scenario can be explained in terms of a U curve where in right from the announcement of the projects the price tends to go upwards and then it declines when the construction is underway and again goes up when the project is complete. On an average , a property may see 20-30% increase in price over three years. Proximity to the station may also effects an increase of 35-40%. Due to increase in the rates of properties which are near to Metro stations , the Municipal Valuation committee constituted by Delhi Government has also adviced that the residential colonies within half a KM radius of Metro line would be upgraded by one level since they have witnessed the maximum amount of Infrastructure development.
