Finding a plot under ₹20 lakh in Meerut is definitely possible, and there are several options available, especially considering the ongoing developments in the region. Here’s a breakdown of where you might find such plots and what to keep in mind:
Areas to Explore for Plots Under ₹20 Lakh:
Based on the search results, here are some localities where you might find plots within your budget:
- Partapur: Several listings indicate plots in Partapur are available under ₹20 lakh. This area is significant due to its proximity to the Delhi-Meerut RRTS corridor.
- Modipuram: You can find plot listings in Modipuram within the specified budget. This area is also a key location due to its connectivity and ongoing development.
- Pallavpuram: Some plots in Pallavpuram are listed under ₹20 lakh. This is a well-established residential area in Meerut.
- Mawana Road: This area might offer some options within your budget.
- Kankarkhera: Listings suggest plots are available in Kankarkhera in this price range.
- Daurala: You might find plots in Daurala that fit your budget.
- NH-58 Corridor: Keep an eye out for listings along the National Highway 58, as some options might be available.
- Developing Areas: Explore areas slightly further from the main city centers or those that are currently developing, as prices tend to be more affordable there. Areas like Lawar Np, Pabli Khas, and areas near Modinagar (though slightly outside Meerut) might also have options.
Factors to Consider When Buying a Plot:
- Location and Connectivity: Consider the plot’s proximity to essential amenities like schools, hospitals, markets, and transportation hubs. The ongoing and planned infrastructure projects like the RRTS and Meerut Metro can significantly impact the future value and connectivity of a location.
- Development Authority Approval: Ensure that the plot is approved by the Meerut Development Authority (MDA) or other relevant authorities to avoid legal complications in the future.
- Gated Community vs. Independent Plot: Decide whether you prefer a plot in a gated community with amenities and security or an independent plot. Gated communities might have higher initial costs or maintenance charges.
- Size and Dimensions: Plots under ₹20 lakh might vary in size. Ensure the size meets your requirements for future construction.
- Resale vs. New Booking: You might find both resale plots and plots in new or developing projects within this budget.
- Future Appreciation Potential: Research the development plans for the area. Proximity to infrastructure projects often leads to higher appreciation in the future.
- Basic Amenities: Check for the availability of essential utilities like water, electricity, and drainage in the area.
- Due Diligence: Always conduct thorough due diligence of the property documents and verify ownership before making any purchase. It’s advisable to consult with a local real estate lawyer.
Where to Look for Listings:
- Online Real Estate Portals: Websites like MagicBricks, Square Yards, Housing.com, and RealEstateIndia.com often have listings for plots in Meerut within your budget. You can filter your search by price, area, and locality.
- OLX: This platform also lists plots for sale by individuals and agents. You might find some good deals here.
- Local Real Estate Agents: Connecting with local real estate agents in Meerut can provide you with insights into available plots that might not be listed online. They often have information about local market trends and upcoming projects.
- Newspaper Advertisements: Keep an eye on the real estate sections of local newspapers for plot listings.
- Directly Visiting Areas: Sometimes, the best deals can be found by directly visiting the areas you are interested in and looking for “for sale” signs.
Current Market Trends to Note (as of May 7, 2025):
Affordability Advantage: Meerut still offers a significant affordability advantage compared to Delhi NCR, making it an attractive investment destination.
Price Appreciation: Properties near infrastructure projects, especially the RRTS corridor, have already seen significant price appreciation (35-40% increase in land prices in some areas). This trend is expected to continue.
Increased Demand: Improved connectivity and the desire for more spacious living are driving demand for property in Meerut.