Mira road is a familiar name when we talk about Mumbai city. This area has witnessed a huge makeover and is attracting prospects from the neighbouring localities. Mira road area is a fast-growing real estate market of the Mumbai Metropolitan region and is managed by Mira-Bhayandar Municipal Corporation. So, have a look at the top reasons that make Mira road a preferred residential area in Mumbai.
Situated 12kms north of Mumbai, this area is a part of Thane district and is currently a hotspot for the property investors. The developing connectivity between Mumbai, Thane and Navi Mumbai has attracted the prospects here. The availability of various reputed educational institutions like Don Bosco school, Holy Cross convent school, St. Xavier high school and Saint Thomas school make Mira road a smart residential address. Apart from this, the locality is home to influential personalities like Bollywood actors and politicians.
2. Social Infrastructure
Mira road, Mumbai is a smart residential address and the developed social infrastructure is the main reason behind it. The smooth connectivity, healthcare centres, shopping arcades, gardens and other public places make the homebuyers find livelihood easy here.
3. Residential Options
The western ghat area of Mira road offers a picturesque view of nature and the maximum area is allotted to the railways. Due to this, the eastern ghat of this locality is developed into colonies like Geeta Nagar, Golden Nest, Swaght Heights, Neminath Heights and Salasar Greens. These areas have ample affordable, independent houses, apartments and condos options to choose from.
The average unit value ranges between Rs. 7,700 per sqft and Rs. 8,700 per sqft. The pocket-friendly unit cost has made the prospects shift their focus from the property markets of Malad, Borivali and Kandivali.
4. Commercial Prospect
The establishment of several companies in Mira road has also increased the demand for housing here. Also, the western expressway has cut short the travel distance upto the BKC complex and lower Parel as both of them are located at a distance of approximately more or equal to 30kms.
Apart from this, the development infrastructure is also playing an important role.
The proposed development of metro corridor between DN Nagar and Dahisar (Metro 2A) and Andheri to Dahisar via Western Express Highway (Metro 7) has also incased the demand for property here. A Coastal Road is planned to come up between Nariman Point and Kandivali, and the Navi Mumbai International Airport. All this will bring down the vehicular congestion that wastes a lot of time in commutation from one place to another.
5. Property Trend
The property market of Mira road, Mumbai has witnessed an upward trend in the past some years. The average unit value has increased from Rs. 5,700 per sqft to Rs. 8,700 per sqft. This is a good news for those looking to buy property in or around Mumbai.