Is It A Good Idea To Invest In Mira Road?
Invest in Mira Road- A thorough guide explaining the benefits of investing in this field for new investors. Mira Road has become the new hotspot for real estate investors due to skyrocketing property prices and a lack of small homes in Mumbai. Due to affordable housing costs, an increase in residential construction projects, an increase in immigration to the nearby commercial areas of Malad, Borivali, and Kandivali, established social infrastructure, and enhanced connectivity, Mira Road has experienced an increase in homebuyer interest. Mira Road is a viable solution for prospective home buyers because of the overall rising need for affordable homes and the ongoing increase in real estate prices.
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Real estate on Mira Road is a wise investment for prospective buyers
Mira Road offers convenience
Location is key in real estate. With Maxus Mall, Thakur Mall, Zudio, and Shanti Shopping Centre all located within 15 minutes of the neighbourhood, Mira Road has a strong infrastructure. The Universal Asmita High School, N.H. English Academy, Sardar Vallabhbhai Patel Vidyalaya, RBK School, N.L. Dalmia High School, and Asmita Junior College of Arts & Commerce are notable schools in the area. For young families looking for affordable accommodation in Mumbai, these hold a lot of attraction.
Price changes for houses on Mira Road
on the previous two years, the cost of real estate on Mira Road has climbed by more than 2.2%. With current market values ranging from Rs 1,2350 to 16,900 per square foot. According to market trends, this pattern will persist, and as the city’s housing market becomes more in demand, property values will rise.
Connectivity and possibility for future growth
The surrounding communities and neighbouring neighbourhoods are easily accessible from Mira Road. It boasts a superb network of roads and trains, and many new infrastructure projects are being built. The 30-kilometer trip between Mira Road and the suburbs of Mumbai would be shortened by the Andheri–Dahisar-Mira-Bhayander Metro Line. Greater connection in Mumbai’s northern sector would result from the construction of the Coastal Road between Kandivali and Nariman Point. The Gorai-Bhayander Road’s four lanes will facilitate commuter traffic, and the Borivali-Thane Tunnel Road would cut travel time between the two suburbs to 15 minutes. As a result, Mira Road real estate values are anticipate to increase.
Mira Road offers a lot of employment centres
The suburb has direct access to a number of business and industrial parks located in Malad, Goregaon, and Andheri. Within an hour’s drive of the area are a number of renowned employments centres. Including Infinity IT Park, Nirlon Knowledge Park, Lotus Corporate Park, NESCO IT Park, and Santacruz Electronic Export Processing Zone. An ongoing income stream can be obtain by purchasing a rental property on Mira Road. Due to low housing costs, it is a great area for first-time homebuyers.
There are a number of prospective residential and business construction projects on Mira Road that are available for a reasonable price. In the next two to three years, it is anticipated that its up-to-date infrastructure will be finished. With better connectivity to the rest of the city. Mira Road has established itself as a desirable investment site for long-term investors given the neighborhood’s recent consistent trends in real estate prices & the apparent increase in demand.
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