: The National Capital Region Transport Corporation (
) has proposed a hike in stamp duty across Ghaziabad, in order to raise funds for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor, officials said. But the Ghaziabad Development Authority (
) has raised objections to the proposal.
The NCRTC gave its proposal at a high-level meeting of stake holders for the RRTS project, which was convened by Meerut divisional commissioner Anita Meshram on Friday.
The meeting was also attended by vice chairpersons of Ghaziabad and Meerut development authorities and districts magistrates of Ghaziabad and Meerut.
“NCRTC proposed to hike stamp duty across Ghaziabad by 1% in the meeting. But stamp duty is already higher in Ghaziabad, so it would not be a prudent thing to do,” said VN Singh, chief engineer, GDA. The proposal to hike purchasable FAR above 1.5 has also not gone down well with the GDA.
“There was also a proposal to charge external development charges (EDC) on built-up area instead of plot area, which will result in four times increase in overall cost and infrastructural development charges (IDC) to the tune of 25% of EDC within 1.5km of RRTS stations, but again these are not viable,” added Singh.
The total project cost of this corridor has been pegged at Rs 3,162 crore, of which the UP government will have to share Rs 6,500 crore and the draft report says that it is expected to recover the cost in 30 years through means suggested in the draft.
The 82km Delhi-Ghaziabad-Meerut RRTS corridor from Sarai Kale Khan in Delhi till Modipuram in Meerut will have seven RRTS stations in Ghaziabad. The project is expected to be operational by 2024 with the daily ridership is expected to be more than 8 lakh passengers.
Once complete, high-speed trains with an average speed of 100km/hr will cover the distance between Meerut and New Delhi via Ghaziabad in less than 55 minutes.