Real Insights – Mira Road : A CommonFloor Report 2015
Mira Road is a fast growing real estate hotspot in the Mumbai Metropolitan Region (MMR) in recent times. The suburb is situated just beyond Dahisar in the far northern part of Mumbai and is part of Mira Bhayandar. It is governed by the Mira Bhayandar Municipal Corporation (MBMC). The area emerged as a destination for affordable housing in Mumbai a few years ago. The area grew rapidly due to its great connectivity to prime suburbs of MMR and its affordable property prices, and emerged into a fully developed area. The area continues to witness growth even today, attracting several home buyers and tenants.
The following report tries to identify the various factors that drive the real estate growth in Mira Road. Further, the report identifies the present real estate market scenario in terms of housing sale and rent, the key real estate trends in Mira Road, top builders and projects available, the civic issues, the opportunities available for area’s future growth, amongst others.
“As part of ‘Real Insights’ into real estate, commonfloor.com has come up with a detailed report on Real Insights – Mira Road with in-depth analysis based on CommonFloor data.
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To summarize, Mira Road is currently on a realty growth track. The area appears as one of the top destinations for affordable housing in Mumbai, despite its continuously growing property prices. As such, it continues to be popular among the middle income group for both purchase and rent. Considering the planned infrastructure initiatives and the increasing demand for housing, one can expect a considerable growth in the area’s real estate market in the near future.
