Benefits of Project

Connectivity and Infrastructure:

• Improved Connectivity to Delhi NCR: The Delhi-Meerut Expressway has significantly reduced travel time to Delhi, Noida, and Gurugram, making it an attractive option for those working in the NCR but seeking more affordable housing. The upcoming Rapid Rail Transit System (RRTS) will further enhance connectivity, reducing travel time to Delhi to under an hour.
• National Highway Connectivity: Meerut is well-connected by three National Highways (NH-58, NH-119, and NH-235), facilitating easy access to other parts of Uttar Pradesh and neighboring states.
• Meerut Metro: The under-construction Meerut Metro project will improve intra-city connectivity, making commuting within the city more convenient. Phase 1 will connect Partapur to Modipuram, with future expansions planned.
• Infrastructure Development: The Meerut Development Authority (MDA) is actively involved in developing infrastructure, including new roads, flyovers, and underpasses. They are also focusing on green initiatives like increasing green cover and developing parks.

Real Estate Market Dynamics:

• Affordability: Property prices in Meerut are significantly lower (40-50%) compared to Delhi NCR, offering excellent value for money. This affordability allows buyers to get more spacious properties at a lower cost. The average property price in Meerut is around ₹5,176 per sqft, with starting prices as low as ₹1,903 per sqft.
• Appreciation Potential: With the ongoing infrastructure development, especially the RRTS and the Delhi-Meerut Expressway, property values in Meerut are expected to appreciate significantly in the coming years. Areas near the RRTS stations have already seen a substantial increase in land prices (30-50%). Experts predict an annual price appreciation of 12-15% in areas near infrastructure projects in the short term (1-2 years) and a potential capital appreciation of 50-70% in strategic locations in the long term (3-5 years).
• Increasing Demand: Post-pandemic work-from-home trends have increased the demand for spacious homes in tier-2 cities like Meerut. Additionally, improved connectivity is attracting buyers who want to live in a less congested environment but still have easy access to Delhi NCR.
• Diverse Property Options: Meerut offers a variety of residential properties, including affordable apartments, independent houses, and luxurious villas, catering to different budget ranges and preferences. There are also opportunities for investing in residential plots for custom home construction or long-term investment.