6 Reasons That Make Mira Road East An Ideal Real Estate Hub

Mira Road, a post locality in the Thane district in Maharashtra, is an integral part of Mumbai's Metropolitan Region. A rapidly developing locality at a distance of 12 kilometres from Mumbai, Mira Road reflects the hustle and bustle of an upmarket township and is administered by Bhayandar Municipal Corporation (MBMC). The road splits into two regions — Shanti Nagar and Naya Nagar. Though the locality has witnessed a growth of several contemporary housing societies, property prices in the region have risen by 5.9 per cent. Average basic selling price of a residential property in the region is Rs 7,283 per sq ft. PropGuide analyses the factors influencing the growth of Mira Road as a promising real estate market.

Connectivity to Navi Mumbai and Thane

Navi Mumbai and Thane are connected to Mira Road to Ghodbunder Road via NH-4. The western line of the Suburban Railway further boosts the connectivity of the region. The popular Nariman Point are easily accessible from Mira Road via Bandra-Worli sea link.

A cluster of localities

Mira Road is actually a cluster of new localities which have developed over the years entailing Shanti Park, Sanghavi Nagar, Hatkesh, Silver Park, Pleasant Park, Geeta Nagar, Golden Nest, Jangid, Beverly Park, Enclave, Shrishti Complex, Shanti Gardens, Complex, Garden and Vihar Complex, including others.

Proximity to business hubs

Mira Road is enclosed by commercial hubs popularly Bandra Kurla Complex and Lower Parel via Western Highway. So, in addition to being a promising residential area, Mira Road also offers valuable commercial properties which are value for money.  

Range of residential options

Presently, there is availability of 497 read-to-move-in housing units and 52 under-construction units. Besides, there are a number of resale properties across Mira Road. Key projects in the affordable housing segment are Oyster Living Foresta, Aakash Group Nidhi, Agarwal Hamlet Tower and Build Tech Group Ellora Heights. While the projects in the luxury segment include Sonam Indraprasth, Darvesh Horizon and Jangid Group Indrayani.

Excellent transportation network

Highways, sea links and suburban railway provide smooth access to Mira Road. The Bhayander belt links the region through the western suburbs via the western highway.

Robust social infrastructure

Reputed schools and colleges are located in the region namely NL Dalmiya School and Management College, Sardar Vallabhbhai Patel Vidyalaya, Holy Cross Convent School, St Xaviers, Royal College, R B Kanakia, N H English Academy, St Joseph's School and Shanti Nagar High School. There are shopping malls as well as healthcare centres also located in the region.