If you are one of those who are keen on making a realty investment in those localities that promise high returns, Mumbai is the place for you. But the skyrocketing property prices might push you to head to suburban localities- however, one locality that is brimming with realty activity is Mira Road. Located in the western peripheral of Mumbai city, the locality is luring many home buyers thanks to its housing stock. Real estate developer with both national and local developers are coming with various realty projects and are offering an array of apartments for sale in Mira Road ranging from being economical to ultra luxurious.
Well equipped with basic civic amenities, the vicinity is fast becoming one of the most sought after residential catchment area. The existence of many schools, colleges, super markets and reputed healthcare units make this locality a self sufficient neighbourhood. Apart from these, the presence of many shopping malls and many movie theatre have roped in a pool of cosmopolitan crowd. A property at Mira Road that was once barren today hosts a high rise apartments that boasts of having all the modern day amenities that meet the needs and demands of the urban crowd. Its connectivity is another factor that is fuelling the realty demand further.
Enjoying a seamless network- Mira Road is easily accessible to other parts of the city from Navi Mumbai to Thane via the Western Express Highway. While this arterial connector links the western peripheries of Mumbai city, it also links the Mumbai International Airport, which has lured many investors to invest here. Another factor that has boomed the realty market here is the presence of another important connector- the Ghodbunder Road- it improves connectivity to neighbourhoods in Thane and Navi Mumbai. Property builders are now cashing on the consistent connectivity and are creating various capital ventures. They are now coming up with projects that specifically designed for MIGs (Middle Income Group Individuals). 1 BHK apartments for sale in Mira Road are cited to fall well within the range of Rs 40 lakhs, while 2 and 3 BHK homes are estimated to hover over a price bracket of Rs 6,500 and Rs 7,750 per square feet.
While the growing housing influx has not only resulted in property prices to soar, but they have also reaped fruitful benefits. The high ROI (Return on Investment) has lured many local second time home buyers and investors to purchase many inventories here. According to recent reports, capital values of a property at Mumbai has appreciated over 30 percent in the past two years. Another element that has roped in a lot of investment is the high rental returns. Depending on the furnishings and amenities offered by the owner, 1,000 square feet homes here are capable of generating rental yields anywhere between Rs 12,000 and 17,000 per month.
Being a neighbourhood that is hit amongst middle class individuals and working professionals, the locality is filled with smaller housing units that are ideal for bachelors and smaller nuclear families, so if you want to own a property in Mumbai, without digging too deep in your pocket- Mira Road is the place for you!
Well equipped with basic civic amenities, the vicinity is fast becoming one of the most sought after residential catchment area. The existence of many schools, colleges, super markets and reputed healthcare units make this locality a self sufficient neighbourhood. Apart from these, the presence of many shopping malls and many movie theatre have roped in a pool of cosmopolitan crowd. A property at Mira Road that was once barren today hosts a high rise apartments that boasts of having all the modern day amenities that meet the needs and demands of the urban crowd. Its connectivity is another factor that is fuelling the realty demand further.
Enjoying a seamless network- Mira Road is easily accessible to other parts of the city from Navi Mumbai to Thane via the Western Express Highway. While this arterial connector links the western peripheries of Mumbai city, it also links the Mumbai International Airport, which has lured many investors to invest here. Another factor that has boomed the realty market here is the presence of another important connector- the Ghodbunder Road- it improves connectivity to neighbourhoods in Thane and Navi Mumbai. Property builders are now cashing on the consistent connectivity and are creating various capital ventures. They are now coming up with projects that specifically designed for MIGs (Middle Income Group Individuals). 1 BHK apartments for sale in Mira Road are cited to fall well within the range of Rs 40 lakhs, while 2 and 3 BHK homes are estimated to hover over a price bracket of Rs 6,500 and Rs 7,750 per square feet.
While the growing housing influx has not only resulted in property prices to soar, but they have also reaped fruitful benefits. The high ROI (Return on Investment) has lured many local second time home buyers and investors to purchase many inventories here. According to recent reports, capital values of a property at Mumbai has appreciated over 30 percent in the past two years. Another element that has roped in a lot of investment is the high rental returns. Depending on the furnishings and amenities offered by the owner, 1,000 square feet homes here are capable of generating rental yields anywhere between Rs 12,000 and 17,000 per month.
Being a neighbourhood that is hit amongst middle class individuals and working professionals, the locality is filled with smaller housing units that are ideal for bachelors and smaller nuclear families, so if you want to own a property in Mumbai, without digging too deep in your pocket- Mira Road is the place for you!
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