Residential projects-A driver for realty in Mira-Bhayandar
One of the flourishing suburbs of Thane, Mira-Bhayandar is situated to the north of Mumbai and has been on the radar of the developers due to its infrastructure growth and extensive connectivity.
The rapidly growing suburb of Mumbai is all geared up to become one of the premier residential destinations near Mira road, considering its affordability and excellent connectivity. The atmosphere of the locality is extremely peaceful, organized, spacious and environment friendly. The well-planned vicinity caters to the needs of the upper, middle and lower income group segments and offers scope for every buyer to buy their dream home within budget.
Connectivity:
Mira road offers trouble-free access to all the major locations of the city such as Thane, Navi Mumbai and Chhatrapati Shivaji Nagar marg. Close proximity to Mira Road and Bhayandar flyover adds to the overall connectivity of the locality. Being adjacent to Mira-Bhayander belt offers easy connectivity from the western suburbs of the city to Western Express Highway along with Thane via the Ghodbunder Road. Due to its proximity to Bhayandar and Thane, the locality has witnessed significant growth in population in the last few years.
The Mira Bhayander belt is connected to the Western suburbs via the Western Express Highway. This has led to the rise in occupancy in the locality. The nearest railway station to the locality is Mira road and Bhayandar. The Chhatrapati Shivaji Airport is 28 kms from the vicinity and can be accessed via the NH 8.
Public Transport:
Public transportation plays a key role in the growth of any locality. BEST bus services offer excellent transportation services in and out of the locality and help commuters reach western and central suburbs of Mumbai and prime locations of Mumbai such as Borivali, Marol, Santacruz, Dindoshi, Mahim, Sion etc.
Apart from BEST, NMMT, TMT and MBMT bus services also operate in this locality. In addition to government transportation, there are a number of private four-wheelers available for trouble-free transportation from Mira-Bhayandar to Thane and Borivali.
Social Infrastructure:
Excellent infrastructure development has fueled the growth of the housing market in the locality. As a step towards better infrastructure, MMRDA has also constructed a skywalk, which is close to the Mira road Railway station, to facilitate the residents.One of the important developments which has given adequate impetus to the residential real estate market in the region is the proposal of 4-lane road that connects Bhayandar and Gorai.
Some of the prime hospitals in the area include Umrao, Bhaktivedanta Hospital and Thunga Hospital. Shankar Narayan College of Arts,Commerce and Science , Royal College of Science, Arts and Commerce and Abhinav Junior College Of Arts, Science and Commerce are some of the major educational institutes in the locality.
Real estate and price trends
Residential growth have witnessed a rapid development in the vicinity in the last few quarters. The price range in April-June 2012 was Rs 5000- Rs 5500 per sq ft, while the price range between April-June 2013 was Rs 6000- Rs 6400 per sq ft for a multistorey apartment. In one year, there was an increase of around 19% in property rates due to excellent connectivity and easy accessibility.
The rental values increased to around 15% in the last 6 months, according to market experts. Some of the ongoing projects in the area include Chheda Aakansha, Roha Serene Heights, Leena Height etc. The home buyers in this area are generally offered with 1BHK, 2BHK and 3BHK flats, inclusive of amenities such as swimming pool, club house, children play areas, gym, indoor games, jogging tracks etc.
The Mira-Bhayandar stretch is developing at a fast pace. Investing in the properties along this stretch is a profitable investment, since the infrastructure growth and demand for residential properties in the region are likely to be met by a wide array of buyers in the coming days.
