Development
Meerut is the 63rd-fastest-growing urban area in the world. It is the 14th fastest developing city in India. A new report by U.S. financial services firm Morgan Stanley, "AlphaWise City Vibrancy Index: A Guide to India’s Urbanization" gave Meerut the 5th spot on the "vibrancy" index, ahead of Delhi and Mumbai. Meerut ranked second on both the financial penetration index, which measures things like the presence of ATMs and bank branches, and on the consumption index, indicating the city’s transformation into an urban town. While the city ranked in the bottom 10 in job creations, the report suggests that overall there are plenty of signs of "potential for urbanisation," including future employment opportunities. The infrastructure segment of Meerut is currently going through a boom phase with many new projects coming up in and around the city. There are many new buildings, shopping complexes, malls, roads, flyovers and apartments coming up.
Delhi-Meerut expressway is expected to be completed by 2013, although there have been several delays to this plan over the past decade. The Upper Ganga Canal Expressway is also under development. GAIL is also establishing its plant in Meerut and Muradnagar to supply cooking gas within the city. A five star hotel, in Greenwood City, at Baghpat road bypass crossing and a three star hotel at Delhi road near Rithani are under construction.
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