Transit oriented development and value capture finance
Swami, Shivanand
Transit oriented development and value capture finance - New Delhi National capital region transport corporation Limited 2023 - 58p.
1. Introduction 12
Delhi-Ghaziabad-Meerut RRTS Project 14
NCR-A compelling environment for TOD 14
Urban expansion 15
Population growth and density 15
Migration 16
Rising pollution levels 17
2. Tod and VCF frameworks in India 18
process involved in the development of a greenfield site into a TOD-based development 20
Regulatory framework in implementation of VCF across select states in India 24
Key policy frameworks around TOD and VCF in India 25
National Urban Transport Policy 2014 (NUTP) 26
National TOD Policy 2017 26
National VCF Policy Framework 2017 27
National Metro Rail Policy 2017 29
3.NCRTC'S PROGRESS IN IMPLEMENTATION OF TOD AND VCF POLICIES ON
DELHI-GHAZIABAD-MEERUT RRTS 31
Provisions in the DPR of the project, 2016 32
GOUP Committee on innovative methods of revenue generation 32
for implementation of RRTS, 2017 32
Detailed report on VCF for Delhi-Ghaziabad-Meerut RRTS, 2019 32
Review by the state government 33
Revision in UP TOD Policy 2022 34
TOD policy along the RRTS corridor and NCRTC's role in TOD 41
4. AUGMENTING FINANCIAL VIABILITY OF TRANSIT SYSTEMS THROUGH PROPERTY
DEVELOPMENT STRATEGIES AND PROPERTY BUSINESS AVENUES
Transit systems are not viable basis the fare-based revenues alone 44
Growth in retail sector in India 46
Retail at stations of transit systems 46
Retail synergy with transit systems stations 46
Different transaction modes of property development 47
Key property development strategies along Delhi-Meerut RRTS corridor 50
Revenue from property business 52
Last mile connectivity/ access for ease and convenience 55
Other innovative sources 55
5. KEY LEARNINGS & WAY FORWARD
388 / SWA
Transit oriented development and value capture finance - New Delhi National capital region transport corporation Limited 2023 - 58p.
1. Introduction 12
Delhi-Ghaziabad-Meerut RRTS Project 14
NCR-A compelling environment for TOD 14
Urban expansion 15
Population growth and density 15
Migration 16
Rising pollution levels 17
2. Tod and VCF frameworks in India 18
process involved in the development of a greenfield site into a TOD-based development 20
Regulatory framework in implementation of VCF across select states in India 24
Key policy frameworks around TOD and VCF in India 25
National Urban Transport Policy 2014 (NUTP) 26
National TOD Policy 2017 26
National VCF Policy Framework 2017 27
National Metro Rail Policy 2017 29
3.NCRTC'S PROGRESS IN IMPLEMENTATION OF TOD AND VCF POLICIES ON
DELHI-GHAZIABAD-MEERUT RRTS 31
Provisions in the DPR of the project, 2016 32
GOUP Committee on innovative methods of revenue generation 32
for implementation of RRTS, 2017 32
Detailed report on VCF for Delhi-Ghaziabad-Meerut RRTS, 2019 32
Review by the state government 33
Revision in UP TOD Policy 2022 34
TOD policy along the RRTS corridor and NCRTC's role in TOD 41
4. AUGMENTING FINANCIAL VIABILITY OF TRANSIT SYSTEMS THROUGH PROPERTY
DEVELOPMENT STRATEGIES AND PROPERTY BUSINESS AVENUES
Transit systems are not viable basis the fare-based revenues alone 44
Growth in retail sector in India 46
Retail at stations of transit systems 46
Retail synergy with transit systems stations 46
Different transaction modes of property development 47
Key property development strategies along Delhi-Meerut RRTS corridor 50
Revenue from property business 52
Last mile connectivity/ access for ease and convenience 55
Other innovative sources 55
5. KEY LEARNINGS & WAY FORWARD
388 / SWA