Meerut, from a small village is soon capturing its place among major outsourcing hubs of India. This transformation could happen due to the rapid needs of industrial and commercial sectors. Establishment of top IT companies, affordable housing projects, shopping malls, and cinemas have further added to the world-class infrastructure of meerut. Along with the infrastructure, the warmth and openness of its residents has also been helpful in the rapid progress of the city.Another highlighting reason that makes meerut an attractive option for real estate investment is the quantum leap in infrastructure in the past couple of years. Close proximity to Delhi via NH-58 have made the accessibility to the city very easy. This connectivity will save the time of commuters, on one hand and decongest the traffic, on the other hand. Demand for flats in meerut is likely to stay high in the year 2016. Corporate executives are primarily identified as the sector that would drive the demand for residential apartments and flats in meerut. These flats come with world-class amenities such as 24*7 power back up, 100% water supply, round the clock security system, CCTV cameras and huge parking space.
Talking about the property rates, it has been doubled and even trebled in some areas of meerut and have jumped from Rs.20-25 Lakhs per acre to Rs.40-45 Lakhs per acre. In just few months, commercial rates of property have hiked by whole 20-30% and residential property by over 30%. Nevertheless, high-end apartments usually earn higher rental rates, therefore are an asset to the investors. All the aforesaid mentioned reasons are more than enough to induce property developers and prospective buyers into investing money in real estate meerut.
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