Ghaziabad: Ghaziabad Development Authority (GDA) said on Tuesday that it has resolved. Objections The UP government's plan to implement the Transit Oriented Development Policy, (TOD), 2022 was raised by residents.
This was the last step for the development authority, which is expected to implement the policy from next month. “We received seven objections from people regarding this. TOD Policy.Now that they have been resolved and the GDA board has approved it, the policy is likely to be implemented in a month,” said Rakesh Kumar Singh, GDA secretary.
Earlier this month, the GDA board had adopted the TOD policy, requiring public input before its implementation.
Launched by the government in 2022, the TOD policy covers areas around mass transit projects. Since away There is more in these areas, it helps the concerned development authority to earn more. Income From the upcoming projects there. Land prices are also expected to be higher in the areas covered by the policy due to development around it.
In the case of mass transit projects like rapid rail, areas within a 1.5 km radius on either side of the corridor are considered TOD zones. For intra-city mass transit projects such as Metro, New Metro, Metro Light, and Bus Rapid Transit System (BRTS), the TOD zone radius is 500m along the route.
The TOD zone in the city will be 42 km from Sahibabad to Modi Nagar North along the Blue and Red Lines of the Delhi Metro and Rapid Rail. While 9.3 km of the Red Line enters the city, only 2.6 km of the Blue Line is in Ghaziabad.
Asked how the GDA planned to use the TOD policy to increase its revenue, Chief Architect and Town Planner Ajay Singh said, “The FAR with the TOD zone will be increased to 5 from the current 1.5. Areas along the existing Metro and RRTS corridors will thus see a complete transformation in terms of urban amenities and infrastructure in Harnandipuram based on the TOD policy.”
According to a rough estimate prepared by the GDA, the TOD zone is projected to earn around Rs 1,500 crore annually due to higher FAR and land prices.