It’s a saying that with each infrastructural development the property prices rise in the vicinity. In some cases, we find it right as well. Let’s explore the same in the peripheral of Delhi – Meerut Expressway, as this has become the talk of the town. Our analysts have done some extensive report and has come up with certain data which showcases various facts about various properties lying within the peripheral of the most sought super expressway.

1. Impact of Delhi –
Meerut Expressway
and Elevated Road
on Property Searches
and Market Price

2. It’s a saying that with each infrastructural development
the property prices rise in the vicinity. In some cases, we find
it right as well. Let’s explore the same in the peripheral of
Delhi – Meerut Expressway, as this has become the talk of
the town. After some extensive research, our analysts have
come up with certain inferences which indicate various facts
about the properties extending within the peripheral of the
most sought super expressway

3. Ghaziabad property search trend
As the expressway shares the maximum length with Ghaziabad region, it's apparent to
analyze the market. Here are some of the facts for our readers to have a fair idea to take
their decisions.
• There is not much of difference in the property searches compared to last year
• Yes, there was a gradual decrease in the property searches, which has now come to
the same level as per last year
• The property searches were down to 25% compared to last year which got picked to
almost the same level

4. • Surprisingly, the searches have grown
from the regions like Hyderabad and
Mumbai
• When we went for an on-ground
reporting, people suggested to us that
the property prices in the region have
grown in a tune of 8 to 12% after the
first phase work of Delhi-Meerut
Super Expressway
Ghaziabad property search trend

5. With elevated road in action, the most beneficiary location should be the Raj Nagar
Extension. Once, an extreme colony of Delhi has now got all the lime light and ready to
witness a massive infrastructure boost.
• The property searches in Raj Nagar extension has increased by more than 3 times in
the month of June and July.
• The sudden spike clearly shows that the market in Raj Nagar Extension has picked by
many a fold
Raj Nagar Extension property search trend

6. • It’s not Delhi/NCR, people are
searching from varied places for Raj
Nagar Extension
• The reputed builders in the area are
saying that after the elevated fly over,
they have seen almost 100% growth in
walk-ins and their conversion has
grown up to 35%
• When we asked the builders about the
rise in property prices, they said that
they have deliberately kept the price
same to finish the unsold inventory at
the moment. But, they are hopeful
that the price will at least escalate to
15 to 20% within 6-month time.
Raj Nagar Extension property search trend

7. With the announcement of Super Express way, Modi Nagar suddenly has picked the
momentum. As most of the locations around the expressway are already highly dense, so
Modi Nagar has got a high potential to become an affordable destination for buyers.
• As there are very few players available in the region, the property searches have
grown by 20% in the area
• The market is though yet not price sensitive, but people in the area are quite hopeful
to see a spike of around 5 to 10% for plot sale
Modi Nagar property search trend

8. • Delhi is the main search market for
Modi Nagar Projects followed by
Ghaziabad and Gurgaon.
• We approached builders to know the
condition of the market and they
suggested that they don’t see the rise
in property prices but they clearly see
the rise in the number of people
enquiring about the property in the
market
Modi Nagar property search trend

9. Meerut itself has got its own customer base for property demands. But we have seen a
good number of free inventories available in the outer peripheral areas.
• In terms of overall property searches, Meerut has witnessed a consistent increase
• Compared to last year we have seen almost 20% growth in the property searches
Meerut property search trend

10. • Again, a surprising fact, people from
Maharashtra are showing their
interest for the properties available in
Meerut followed by Karnataka. Within
Maharashtra, Mumbai and Pune are
top search place followed by Navi
Mumbai and Pimpri-Chinchwad
• When asked about the property prices
to builders they said that they are still
in the process of filling up their
inventories, so they are not increasing
the prices as it affects their sales, after
all, they have seen the upward trend
in property sales after 1.5 years
Meerut property search trend

11. For more in-depth
report please contact:
info@realtymyths.com