Meerut: An emerging residential hub
Delhi/NCR- Meerut, located just 65 km away from Delhi, has become one of the potential realty segments as it has offers for both middle and upper-class home buyers. One of the key reasons which makes this place a best investment option is the improving infrastructure and fast connectivity.
The top realty players like Ansal Housing, Supertech and Era group have already launched their attractive projects in different localities of Meerut.
Meerut, a historical place, has its roots tracing back to the times of Ramayana followed by being the eastern most part of the Indus Valley Civilization. Apart from this, the city also has the largest of military cantonments in India, it is a home to rich cultural legacy which makes the place a major economic center for the surrounding areas like Bijnor, Muzaffarnagar and others.
The city is also the largest supplier of sports goods and the largest manufacturer of musical instruments in India. It ranks second on financial penetration index in terms of the city’s transformation in urban town and financial penetration index. The city also has great potential for industrial and institutional set ups followed by large and small scale industries and institutions. Owing to all these factors, Meerut has a higher potential for real estate development.
Further, the development of the retail market offers the business class and the officer class a sizable section in the city. The retailers in the city are offered with an array of opportunities contributing in the development of exclusive shopping malls and multiplexes. Various renowned developers have come up with their retailing and hotel units in the city.
The realty market of Meerut is heading towards an increased demand encouraged by large availability of land at lower rates. There has also been an increase in prices backed by the presence of leading realty developers who are craving to buy land and raise their projects.
According to a realty expert, property market in Meerut has increased potential growth rate and caters to the section who cannot afford to buy property in Delhi. The city has cost effective options with appropriate prices. Henceforth, there has been a great demand for accommodations both inside and outside Meerut.
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