Ghaziabad, Meerut the new prime addresses for real estate companies

Firms upbeat as Delhi-Meerut RRTS now fully operational

Real estate companies are upbeat about the growth potential of residential and commercial markets in Ghaziabad and Meerut following the Delhi–Meerut Regional Rapid Transit System (RRTS) becoming fully operational, sharply cutting travel time to Delhi.

 

Rising end-user demand and renewed investor confidence have pushed up property prices by 54 per cent in Meerut and 131 per cent in Ghaziabad over the past four years, according to data from real estate data analytics firm PropEquity.

 

“By reducing travel time to Delhi to under an hour, the RRTS positions both cities as high-potential residential and commercial destinations,” a Ghaziabad-based developer told Business Standard.

 

There is strong demand for premium, spacious homes, particularly from families looking to upgrade while staying close to East Delhi and Noida.

 

“Ghaziabad real estate is witnessing premiumisation, while new development corridors are emerging in Meerut, curbing migration to Delhi to a large extent,” said Samir Jasuja, founder and chief executive officer (CEO) of PropEquity.

 

Prashant Thakur, executive director and head of research and advisory at Anarock Group, said the corridor has already driven a 30–60 per cent rise in property prices near stations such as Modipuram and Shatabdi Nagar by cutting travel time to Delhi to under 60 minutes.

 

“With projected growth of 30-40 per cent, Modipuram and Pallavpuram are leading among the benefiting growth centres. Other key investment destinations include Shatabdi Nagar, Partapur, and Shastri Nagar,” he added.

 

Manoj Gaur, chairman and managing director of Gaurs Group, said Ghaziabad is shedding its affordable-housing tag and moving into a more aspirational residential phase, with much of the development concentrated along the Delhi-Meerut Expressway (DME).

 

Developers such as AU Real Estate and Gaurs Group have recently launched residential projects priced above ₹3 crore in Ghaziabad. Infrastructure upgrades, including the DME, the Faridabad-Noida-Gurugram Expressway and National Highway 9, are expected to reshape buyer perception and aspirations.

 

Gaurs Group launched Gaur NYC Residences in Wave City last year, where demand is increasingly skewed towards large-format homes.

 

Gaur said 4BHK apartments exceeding 3,000 square feet are seeing strong traction, with prices crossing ₹3 crore depending on tower location, view, and construction stage.

 

“Much of the demand is coming from local end-users upgrading, along with buyers who earlier focused on Noida, signalling a structural shift,” he said.

 

Developers said the improved connectivity could also encourage a greater focus on transit-oriented development (ToD), promoting high-density, mixed-use, walkable neighbourhoods around RRTS and Metro stations.

 

Thakur said national developers are keen on integrated ToD zones that are transforming peripheral areas into sought-after urban centres. He added that steady capital appreciation and a shift towards upscale gated townships are likely as Meerut evolves into a viable residential base for Delhi professionals.

 

“This approach not only improves land utilisation but also supports sustainable urban growth through integrated residential, retail, office and social infrastructure,” Jasuja said.

 

Amit Modi, director at County Group, said Meerut stands to gain from improved connectivity as it unlocks land values and encourages organised development. “Areas once considered distant are now practical options for daily commuters, which is already lifting housing demand and investor interest,” said Ravi Kant, CEO of property consultancy Elegance Enterprises.