Mira road is one of the sought
after residential localities in the Mumbai real estate market. The market is
emerging as a favourite destination for many home buyers.
The locality is well connected
with roads and rail. One of the major national highways, NH 8 pass through this
locality gives the best connectivity. The area's connectivity to the major
areas such as Mumbai, Thane and Navi Mumbai is an important factor leading to
the growth of the area.
The area is blessed with good
social infrastructure facilities like reputed educational institutions and best
healthcare facilities. The presence of good infrastructure has led to the rapid
real estate growth of the micro market.
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The real estate market has seen
good capital appreciation along with the developments. This makes the micro
market an important investment destination due to the high rate of return. The
area has various housing projects such as multistory apartments, builder floor
apartments and individual houses. Mira road properties have witnessed a steady
capital appreciation over the last five years. The micro market has a number of
projects and the apartments in the locality are priced anywhere between INR
5800 per sq. ft. and INR 9000 per sq. ft.
The area enjoys a good
hospitality sector with the presence of famous restaurants and eateries. The
area has everything from shopping malls, retail outlets, banks, ATMs, schools,
colleges, hospitals, entertainment facilities and so on to provide a good
lifestyle for the residents.
If you are looking for properties
in Mira road, you have a number of projects from famous builders and these
projects are in various stages of construction. The area has a number of resale
apartments available for sale. The micro market enjoys good physical
infrastructure such as water supply, connectivity and power supply.
Many infrastructure developments
are in various stages of development. Infrastructure projects such as the
proposed extension of metro rail project from Dahisar to Mira Road will further
improve the connectivity of the area and will have an impact on the real estate
market. The proposed Gorai and Bhayandar road's four-laning will have a
positive impact on the real estate. There are other projects such as Multi
Model Integration of Bus Services with Sub - urban trains of Mira - Bhayandar
which will improve the connectivity and make the accessibility easier.
The real estate market in Mira
road is very active and the scenario is expected to remain the same in the
upcoming days. Most of the projects here are targeted to supply the needs of
the mid-income segment buyers. The market is considered to be one of the best
investment destinations as the area sees good capital appreciation. The rental
income of the micro market is high and this makes the area an ideal investment
destination.
For home buyers, Mira road is a
good option as the property prices are reasonable and the area has good
infrastructure facilities to meet all the needs of the residents. The proposed
infrastructure projects will add to the existing facility. Be it an investment
or a home buy, Mira road is considered to be one of the best destinations to
consider. For more go to Globalncr.com