Mumbai is one city where owning a home might just remain to be a distant dream. However, one locality has cropped up onto the realty radar that is making this dream come true. Offering homes at affordable prices, Mira Road has become one of the most sought after vicinity by many property seekers who are keen on owing a piece of Mumbai. Below we tell you why investing in a property at Mira Road would be a fruitful for you.
Strategic location
Situated in the northern region of Mumbai, Mira Road is a suburban area that is fast developing into becoming a residential catchment area. Its seamless connectivity has attracted many real estate developers who are now coming up with many residential projects. A property at Mira Road that was initially barren is now dotted by many multistorey building.
Seamless connectivity
Proximity to the Western Express Highway and the International Airport has captivated many young home buyers’ mind. The presence of many arterial roads like Ghodbunder Road has eased access to other neighbouring areas like Thane and Navi Mumbai. The physical infrastructure developments initiated by the MMRDA () like widening of existing roads linking Bhayandar and Gorai has lured many home buyers to invest here. The proposed project to create a bus corridor along the Mahim and Mira Road stretch has roped in a lot of investment. The demand for apartments for sale in Mira Road have shot up thanks to easy connectivity to established areas like Navi Mumbai, Mumbai and Thane.
Developing social infrastructure
The presence of many schools and colleges like MIIT Institute have engaged many families to shift their base here. The proposition by the MBMC to improve the basic civic facilities has pushed capital values of apartments here. The plan to have more fire stations and up-gradation of the existing storm water drain systems have lured many local and national real estate developers to invest here. Apart from all these facilities, builders are luring potential home buyers by offering world class amenities like round the clock water supply, gyms, 24x7 power backup and a lot more.
The presence of many reputed healthcare units have attracted many retired personnel. The developments along the commercial belt have created the perfect blend of traditional and modern day amenities.
Appreciating property prices
Apart from offering good social infrastructure and great connectivity the locality provides an array of housing options. According to a recent report there are over 20 new upcoming projects in the area that range from being affordable to mid-segmented to even ultra luxurious. With there being an inherit demand for 1 BHK apartments for sale in Mira Road, an array of builders are offering home that fall under the budget of Rs 50 lakhs. According to data, capital values of apartments have escalated over 35 percent in the past two years. The current ongoing prices for homes are expected to hover anywhere between Rs 7,100 and Rs 7,900 per square feet.
Sulabha is a real estate expert and consultant from NCR. She deals with analyzing trends in the market of residential apartments in noida and commercial properties in Greater Noida
Strategic location
Situated in the northern region of Mumbai, Mira Road is a suburban area that is fast developing into becoming a residential catchment area. Its seamless connectivity has attracted many real estate developers who are now coming up with many residential projects. A property at Mira Road that was initially barren is now dotted by many multistorey building.
Seamless connectivity
Proximity to the Western Express Highway and the International Airport has captivated many young home buyers’ mind. The presence of many arterial roads like Ghodbunder Road has eased access to other neighbouring areas like Thane and Navi Mumbai. The physical infrastructure developments initiated by the MMRDA () like widening of existing roads linking Bhayandar and Gorai has lured many home buyers to invest here. The proposed project to create a bus corridor along the Mahim and Mira Road stretch has roped in a lot of investment. The demand for apartments for sale in Mira Road have shot up thanks to easy connectivity to established areas like Navi Mumbai, Mumbai and Thane.
Developing social infrastructure
The presence of many schools and colleges like MIIT Institute have engaged many families to shift their base here. The proposition by the MBMC to improve the basic civic facilities has pushed capital values of apartments here. The plan to have more fire stations and up-gradation of the existing storm water drain systems have lured many local and national real estate developers to invest here. Apart from all these facilities, builders are luring potential home buyers by offering world class amenities like round the clock water supply, gyms, 24x7 power backup and a lot more.
The presence of many reputed healthcare units have attracted many retired personnel. The developments along the commercial belt have created the perfect blend of traditional and modern day amenities.
Appreciating property prices
Apart from offering good social infrastructure and great connectivity the locality provides an array of housing options. According to a recent report there are over 20 new upcoming projects in the area that range from being affordable to mid-segmented to even ultra luxurious. With there being an inherit demand for 1 BHK apartments for sale in Mira Road, an array of builders are offering home that fall under the budget of Rs 50 lakhs. According to data, capital values of apartments have escalated over 35 percent in the past two years. The current ongoing prices for homes are expected to hover anywhere between Rs 7,100 and Rs 7,900 per square feet.
Sulabha is a real estate expert and consultant from NCR. She deals with analyzing trends in the market of residential apartments in noida and commercial properties in Greater Noida
