Mira Road is the latest premium real estate zone in Mumbai, with simple to luxurious residential flats at competitive rates. It has rapidly become one of Mumbai’s most sought-after localities for investment.
Besides affordable properties, Mira Road boasts impressive connectivity to major parts of Mumbai. The Western Express Highway, Mira Bhayandar Road, and Railway ensure favourable connectivity, making commuting convenient.
This locality exhibits significant infrastructure development, high-end facilities, commercial growth, and great employment opportunities, contributing to a quality lifestyle and high demand for property in Mira Road.
So, let’s delve into its top properties, their rates, and the real estate trends in Mira Road.
New Property in Mira Road by AsmitA India Realty
AsmitA Grand Maison is a new premium property in Mira Road. The property, which is currently under-construction, will be home to well-furnished and elegant 1 BHK in Mira Road, 2 BHK in Mira Road and Jodi flats in Mumbai.
It comprises two towers, each featuring exceptional facilities and elite apartments. AsmitA Grand Maison is a futuristic home equipped with 35+ top-tier amenities and cutting-edge technology such as a smart air conditioner and digital lock.
Additionally, the building is close to Mumbai’s leading educational institutions, hospitals, shopping malls, recreational places, and commercial hubs. It is a sustainable property in Mira Road East, developed utilising environment-friendly materials. These apartment complex buildings have wet and dry waste trash chutes and EV parking spaces as well.
Property Value in Mira Road
Property rates in Mira Road East vary according to property type, amenities, and market conditions. Proximity to the railway station, major commercial hub, educational facilities, hospitals, and public transportation attract higher rates for properties in Mira Road East.
In addition, amenities like a swimming pool, garden, gym, or recreational area lead to higher property rates in Mira Road East. Below is a detailed insight into Mira Road real estate rates:
Residential Property Rate in Mira Road
The residential Mira Road apartments sale features both affordable and luxurious apartments. The Mira Road property rates per square foot for residential apartments range approximately from ₹5,360 – ₹23,333.
The average Mira Road property rates per square foot for residential properties is ₹9,855; however, average prices for apartments in Mira Road West can go up to ₹10,248 per sq. ft, while Mira Road East properties have a comparatively lower average price of ₹9,572 per sq. ft.
- 1 BHK Property Rates in Mira Road
A well-designed 1 BHK apartment in Mira Road can cost between ₹57.1 to ₹78.1 lakhs. Mira Road East Property rates for 1 BHK will depend on the apartment floor plan, builder, surroundings, and facilities.
Luxurious residential property in Mira Road east can cost even more than 90 Lakhs for a 1 BHK apartment.
- 2 BHK Property Rates in Mira Road
The price for a 2 BHK apartment in Mira Bhayander generally ranges between ₹85 Lakhs and ₹1.32 Cr. One can also rent a property in Mira Road at an affordable lease.
- 3 BHK Property Rates in Mira Road
Mira Road apartments sale for 3BHK revolves around 2 Cr. Mira Road property rates trend can vary according to the furnishing and facilities within complex premises.
Commercial Property Rate in Mira Road
Mira Road property rates for a mid-size commercial space range from INR 50 to 80 Lakhs. However, Mira Road property rates trend for retail spaces also depend on the demand and location of the space. Compared to Mira Road property rates for 1 BHK, and Mira Road Property rates for 2 BHK, the pricing for commercial space is higher.
Property Development Trends in Mira Road
At present, the property development trend in Mira Road is highly impressive due to increasing demand for both residential and commercial spaces. Following are some notable trends in property in Mira Road:
Affordable Housing
Mira Road is a hotspot for affordable housing projects. Most properties in Mumbai are quite expensive compared to the market value of property in Mira Road.
To meet the demand for affordable houses in Mumbai, several developers are emphasising budget-friendly property development in Mira Road.
Its affordable apartment and commercial spaces cater to the middle-class segment looking for elegant homes within the proximity to Mumbai.
Integrated Township
Besides affordable homes, the other concern people have is comfort and convenience. Integrated townships meet this need by offering residential apartments, commercial spaces, and recreational facilities within a single complex.
Several integrated townships are part of ongoing Mira Bhayandar real estate projects. An integrated township property in Mira Road, such as AsmitA Grand Maison, offers a holistic living experience with amenities like parks, a gym, shopping centres, parking areas, and recreational rooms within building premises.
Luxury and Premium Projects
Mira Road real estate growth is not limited to affordable housing only. Its property development trend also emphasises luxurious and premium projects in Mira Bhayander.
Top developers like AsmitA are introducing first-class premium apartments equipped with modern facilities for those looking for more upscale options in Mira Road.
Technological advancements are also contributing to lavish home development in Mira Bhayander. Mira Road features smart homes equipped with top-tech facilities like automated devices and digital lock security.
Moreover, the market value of property in Mira Road is reasonable and impressive, even for luxurious and smart homes.
Sustainable and Green Buildings
With growing environmental issues, several real estate developers are now focusing on building sustainable and green spaces in Mira Road. Developers are constructing eco-friendly and energy-efficient homes out of materials that are environment friendly.
One of the prime examples of this is AsmitA Grand Maison. The sustainable properties in Mira Road comprise amenities like rainwater harvesting, solar panels, and a waste management system.
Infrastructure-Driven Growth
Mira Road is also witnessing infrastructural growth, contributing to rising demand for apartment and commercial properties. Its infrastructure development includes metro rail connectivity projects, road widening projects, and a new flyover.
Its infrastructure growth mainly focuses on improving connectivity and making the best facilities accessible to Mumbai residents. The well-planned infrastructure may soon elevate Mira Road Property rates as well.
Real Estate Growth Forecast in Mira Road
Since demand for Mira Road real estate is rising, the growth forecast is quite favourable. Below is an overview of the factors influencing the real estate growth in Mira Road:
Continuous Infrastructure Development
The ongoing planned infrastructure projects in Mira Road, like Metro expansion and road widening, are expected to increase the attractiveness of the area.
The connectivity influences the real estate investment decision since it is essential for a comfortable lifestyle. This is reflected in Mira Road’s real estate growth.
Rising Demand for Affordability
Mira Road is known for being the site of several affordable housing developments in Mumbai. Mira Road apartment sale offers an unparalleled opportunity to own a luxurious home without breaking the bank.
Hence, affordable property rates in Mira Road East forecast impressive real estate growth in the next few years.
Appreciation in Property Value
Mira Road real estate boasts constantly improving infrastructure and growing demand. In addition to the limited availability of land in prime areas of Mumbai, these two factors may drive appreciation in property value in Mira Road.
This will not only increase the demand for properties but also elevate the Mira Road property rates.
Bottom Line
For real estate investors or those looking for affordable houses in Mumbai, Mira Road is currently the best locality. It offers unparalleled facilities, comfort, and security.
Moreover, if you invest in property in Mira Road, you can expect a high return on investment. The ongoing planned infrastructure projects, affordable housing, luxurious properties, and surplus growth opportunities make this place desirable for real estate investment.
Considering its growth forecast, the property rates will go higher over time. Hence, the present is the best time to own an elegant apartment or office in Mira Road. You can check out AsmitA Grand Maison to find the best amenities offered in Mira Road.
Frequently Asked Questions
Is Mira Bhayandar an expensive locality for property investment?
The best part about the property in Mira Road East is the availability of both affordable and lavish apartments.
It has several affordable properties for investment in residential and commercial real estate. Hence, Mira Bhayandar is a locality where you can find properties within your budget.
What are the current Mira Road Property rates?
Mira Road Property rates vary according to property type, amenities, and market condition. Residential property rates range from approximately ₹5,360 – ₹23,333 per square foot, while 2 BHK property rates range from ₹85 Lakhs to ₹1.32 Cr.
Mid-size commercial property in Mira Road has a price range between INR 50 to 80 Lakhs, depending on the demand and location of the space.
Is Mira Road real estate good for investment?
A property in Mira Road East typically includes affordable residential flats and proximity to the main areas of Mumbai.
Additionally, infrastructural development, high-end facilities, commercial growth, and excellent job possibilities, all contribute to a fulfilling lifestyle, making Mira Road a fantastic choice for real estate investing.
What is the future of investing in Mira Road real estate?
Mira Road is likely to have significant real estate growth in the coming years, because of improved infrastructure, rising demand, and restricted land availability.
The high-quality infrastructure and the government’s emphasis on affordable housing are helping to drive the development of new property in Mira Road. Such an impressive forecast promises a favourable return on investment.
How to find the best properties on Mira Road?
You can find the best properties in Mira Bhayandar by comparing builder reputation, building reviews, apartment rates, and amenities. Considering these essential factors, AsmitA Grand Maison is a superior property in Mira Road east.
It features well-furnished and elegant 1 BHK to 2 BHK spaces along with 35+ top-notch amenities. Moreover, it is a sustainable property built using eco-friendly materials.
