Overview of Surya Palace Colony, Meerut

Location and Accessibility

• Surya Palace Colony is found in Meerut, within the state of Uttar Pradesh, India.
• The place is strategically located, offering good connectivity to numerous nearby landmarks like schools, markets, hospitals, and major roads such as the Delhi-Meerut Highway and NH 58.

Property Types and Availability

• Residential Plots: Many properties in Surya Palace Colony are residential plots. Sizes and rates for these plots vary, ranging roughly from ₹19.36 lakhs to ₹1.5 crores. The plot sizes can range from 88 sq-ft to 125 sq-yards.
• Apartments: You can find multistorey apartments here. The common layout is 2 BHK, sometimes you will find 3 BHK. Prices for these apartments hover around ₹32 lakhs to ₹1.6 crores.

Price Trends

• Property Rates: Starting prices for properties in Surya Palace Colony begin at ₹3,000 per sqft, averaging around ₹123,333 per sqft. This mix includes both affordable and luxurious options.
• For Sale: Half of the properties are sold in the ₹1.4 crores to ₹1.6 crores range. Another quarter is priced up to ₹20 lakhs, with the remaining quarter in the ₹20 lakhs to ₹40 lakhs range.
• For Rent: Monthly rents generally fall between ₹15,000 and ₹20,000. The majority of rental properties are 3 BHK multistorey apartments.

Amenities and Infrastructure

• Infrastructure: The area features planned infrastructure, such as schools, markets, hospitals, and public transport. Many plots and apartments have clear views of main roads, gardens, or parks, increasing their worth.
• Landmarks: Key spots like Subharti Hospital, the Delhi-Meerut Highway, and the upcoming RRTS stations are nearby, boosting the area's appeal.

Investment and Rental Prospects

• Investment: Due to its strategic location and potential development, the area is great for investment. Price trends today suggest both buying and selling can be profitable here.
• Rental: With a stable rental market and rents from ₹15,000 to ₹20,000, the locality also attracts those seeking rental opportunities.

PropertyWala's Conclusion

Surya Palace Colony in Meerut blends affordability and luxury in the real estate market. Its strategic spot, connectivity, and variety of properties make it appealing for investors and end-users alike. Whether you're buying a plot for your dream home or an apartment to move into immediately, this colony offers various choices to suit different budgets and needs. Moreover, the rental market is steady, making it a good option for renting out properties. In short, Surya Palace Colony stands out as a promising locale for property investment and living in Meerut.