Meerut: Fast becoming a preferred realty hotspot
Nov 23, 2013
Source : The Times of India


DELHI: Of late, all major developers have begun to re-align their positions and enter unexplored territories. Meerut is one of those cities which have now become a preferred destination for numerous reputed developers in the country. This seems to be a wise move as the skyrocketing property prices and space crunch in the metros have made project execution a costly affair. Also the recent developments in terms of connectivity and infrastructure have added advantage in making a choice of place like Meerut which is not too far from Delhi.

Meerut City, located in the state of UP and only 71 km from Delhi has been ranked 14th fastest developing city in India. Similarly, a report by U.S. financial services firm Morgan Stanley, “AlphaWise City Vibrancy Index: A Guide to India’s Urbanisation,” gave Meerut the 5th spot on the “vibrancy” index, ahead of Delhi and Mumbai.

The infrastructure development of Meerut is currently going through a boom phase and the people of Meerut have many reasons to joy and even for the Delhi NCR residents and commuters – as large number of Delhi-NCR residents commute to Meerut in connection to their daily work and vice versa. The congestion on NH-58 which passes through Ghaziabad, Muradnagar and Modinagar made the commuting long and uncomfortable, but now it will be a story of the past.

The much-awaited Delhi-Meerut expressway will soon become a reality. The project will soon kick off; the 64-km long expressway is likely to be completed by 2015.
The drive from Delhi to Meerut is expected to be covered in just 45 minutes once the expressway is ready. There will be a major relief to 1.31 lakh passenger cars plying between Delhi and Ghaziabad border.

The other major development taking place is the high speed rail link. The commuters from Meerut will benefit from a direct link which will further bring the city closer to capital. A Rapid Rail Transit System (RRTS) in the works which is all set to speed up the journey from Delhi (Anand Vihar) to Meerut (Begumpul). Expected to be completed by 2016, the length of this proposed track is 67km, with an estimated cost of Rs 1,040 crore.

The NCR Planning Board has planned three townships along the RRTS route, from Delhi to Meerut – one between Muradnagar to Modinagar; second, from Modinagar to Mohiuddinpur, and the third in Meerut Development Authority (MDA) zone. Also renowned builders have plenty to offer for those who have started looking Meerut as a dream city of opportunities and it is fast becoming an ideal place to live and enjoy quality life.

With a host of positive factors like cutting edge infrastructure, fast-paced industrialization, economic development, and lucrative offers by the builders, the city of Meerut is surely poised to attain new scales of development. To own a home in Delhi and its surrounding place is becoming costlier due to increased property rates, the people are left with little option and looking for alternative destination which is not very far and also have the better connectivity and the most important aspect is the affordability. Meerut has all this advantage, and it is in the top of mind of the people who wants to own their dream house.

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