A Look into One of the Most Sought-after Residential Market, Mira Road

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

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