Mira Road property market: An overview

Mira Road is a residential destination located to north of Mumbai in Maharashtra. It is governed by the Mira Bhayandar Municipal Corporation (MBMC)

Mira Road is divided into Shanti Nagar and Naya Nagar, with the recent addition of Sheetal Nagar. It is located in close proximity to areas like Shanti Park, Sanghavi Nagar, Hatkesh, Silver Park, Golden Nest, Jangid, Pleasant Park, Geeta Nagar, Beverly Park, Evershine Enclave, Shrishti Complex, Shanti Gardens, Complex, Garden and Vihar Complex. It enjoys unimpeded connectivity to Mumbai, Thane and Navi Mumbai.

 

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways. The locality is witnessing an increase in population in recent years, owing to its proximity to various employment hubs.

 

Connectivity with nearby Mira Road localities

  • The Western Express Highway connects Mira Road to various places of Mumbai.
  • Mira Road is linked to Thane and Navi Mumbai by Ghodbunder Road, via National Highway 4.
  • Mira Bhayandar Municipal Transport (MBMT) makes its bus service operational in the locality.
  • The nearest airport is the Chhatrapati Shivaji Maharaj International Airport.

 

Employment hubs near Mira Road

  • Bandra Kurla Complex.
  • Lower Parel.

Mira Road connects to both via the Western Express Highway.

 

Schools in Mira Road and other social amenities

Mira Road provides its residents with all kinds of social amenities to live a happy and peaceful life. Various schools in Mira Road include NL Dalmia Institute of Management Studies and Research, Sardar Vallabhbhai Patel Vidyalaya, Holy Cross Convent School, St Xavier’s, Royal College and many others.

The major hospitals in Mira Road include Seven Eleven Hospital, Thunga Hospital and Bhaktivedanta Hospital & Research Institute.

Apart from these it also provides recreational amenities and proximity to various banks and ATMs. The locality also provides its residents with many luxurious shopping centres such as Rassaz Mall, Eternity Mall and Korum Mall.

The popular food hubs situated in the locality include Café Coffee Day and McDonalds.

 

Physical infrastructure in Mira Road

Plans for the development of link roads, pedestrian trails and tourist attractions, have been made by the government.

The road running via Mira Road and Bhayander has been proposed to be widened by 30 metres.

 

Price trends in Mira Road

  • Price appreciation– Around 6.6 % in last 2 years.
  • Current property rates – Rs 6,608–Rs 7,304 per sq ft.

 

Reasons to invest in Mira Road

Considering the increasing price trends in Mira Road and the obvious rise in demand, the locality is sure to prove to be a good investment in the future. The presence of commercial centres in and around the locality, is making Mira Road a coveted working, as well as residential destination of Mumbai.

Big-ticket projects like Rashmi Smaart Homes, Vrindavan by Delta Realty, Salasar Unique Central Park Phase 1 and Prithvi Group Prithvi Pride make Mira Road a preferred residential neighbourhood and will act to trigger a surge in property pricing in the future.

Check properties in Mira Road

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