Mira Road: A perfect destination for homebuyers

Posted March 24, 2023 by kajalsharma

Mira Road, a bustling suburb in Mumbai, is one of the most popular areas in the city. Well-connected with other areas in the city, it is witnessing a rapid urbanisation.
Mira Road’s unparallel connectivity

As Mira Road is well-connected with other areas of Mumbai, therefore it is an ideal location for making an investment. This area already has excellent train and road networks, and several intriguing new infrastructure projects are being developed. Further, Andheri-Dahisar-Mira-Bhayandar Metro Line will reduce the travel time.

Mumbai is already accessible from Mira-Bhayandar via Mumbai suburban local trains and the Dahisar toll plaza on the Western Express Highway (WEH). Moreover, the new elevated Dahisar-Mira Bhayandar Link Road will shorten the distance for WEH commuters. BMC has predicted that the elevated road could handle 75,000 vehicles every day and reduce traffic on the Dahisar toll by up to 30-35% and make Mira Road a desirable location to purchase dream house. Good connectivity can provide efficient transportation from Mumbai’s northern corridor to the city’s eastern and western suburbs.

Bustling social infrastructure in Mira Road

Mira Road is the most preferred location due to its excellent connectivity and potential for future development. Hospitals like Wockhardt and Bhaktivedanta Hospital & Research Center are situated here. It a perfect location for those having children as it has many top educational institutions, including NL Dalmia School, Don Bosco High School, Singapore International School, and Podar International School.

Additionally, the popular shopping destinations are readily accessible to locals due to its proximity to Thakur Mall, DMart, Star Bazaar, Maxus Mall, among others. Families can have access to many weekend getaways, including Vardhman Fantasy Park, GCC Hotel & Club, and nature’s treasure troves like shores in Gorai and Uttan, as well as Sanjay Gandhi National Park.

Mira Road: An emerging investment hotspot

Considering the constantly rising demand for houses, Mira Road has emerged as one of the most popular real estate markets both for investors, as well as consumers. Studies asserted a 20–25% rise in demand since 2014, and some estimated a 50–100% rise in demand in the last five years with the pricing appreciation trend has been steadily growing. Prices are expected to rise significantly more due to impending infrastructure developments.

In the light of these changes in homebuying trends and infrastructural developments, it is evident that Mira Road is on the path of development due to its unmatched potential to fulfil the market’s requirements. With all the necessary infrastructure boom, Mira Road strikes an ideal mix between outdoors and fast-paced city life. It is a perfect location for homebuyers and those looking for a good place to relocate, high-quality lifestyle with top-notch amenities for their families.
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Last Updated March 24, 2023