Why invest in a residential project in Mira Road

Posted by Ankit sharma on September 19th, 2018

A home in Mumbai is no less than a lifetime's investment for a common man. If you are one of those looking for fruitful options to make this investment in real estate, then Mira Road has emerged as a popular destination to put an end to your search.

In recent years, due to various reasons, Mira Road has emerged as one of the most viable destinations for living and investment. It is evolving in several ways i.e. good infrastructure, better connectivity budget friendly homes, thus raising its bar in the real estate sector.

Connectivity:

The main reason leveraging the demand for residential project in mira road is its excellent connectivity to different parts of Mumbai, especially since it is a locality that extends from Mira-Bhayander all the way, up to Ghodbunder Road in Thane.

Getting to any other part of Mumbai is now possible, due to a highly developed network with many roads, highways, flyovers and transport services from here. Besides, the road connectivity, Mira Road is also linked with western railway line of Mumbai. Plan for the four-lane Road that will connect Mira Road to Bhayander and Gorai is also already under way. A proposal for the metro rail from Dahisar to Mira Road has added to the increasing demand of Mira Road’s residential sector.

Entertainment Hub:

Mira Road is also a hub for quite a few entertainment malls, schools and colleges, nursing homes and health care centers, thus attracting the investors to live a more affluent lifestyle by residing in Mira Road real estate This includes, Niranjanlal Dalmia High School, Sardar Vallabhbahi Patel Vidyalaya, Bhakti Vedanta Hospital, Sidhivinayak Hospital and more. Vardhaman Fantasy on Mira-Bhayander road is one of the famous recreational hubs for residents of Mira-road.

Value Appreciation:

Since 2014, the property rates in Mira Road have escalated between 20- 25%, and are still expected to rise further due to the availability of reasonable properties and its growing market values. Now is the perfect time to buy 1 bhk in mira road.

Developments in terms of real estate in Mira Road and Bhayandar are in full swing. Prices in the adjacent Borivili and Kandivili areas are 35-50% higher than at Mira Road. With an improvement in infrastructure in and around Mira Road, prices here will definitely see a strong appreciation in the long run.

If you are looking to buy 1 bhk in Mira Road, you can explore the area as you have various options open.

Ankit Sharma here, As I am passionate about writing and travelling, Have started writing on real estate jonor too. To buy 2 bed in Mira road is now convenient as it has come up with new projects which will take your heart away.