Kharghar vs Mira Road : which are the preferred localities?

Q: Which is the best option for real estate buying?

Rajiv,

29th June 2015

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Replies (3)

Hello Anuskha,
According to me, investment in Kharghar is a good idea for those who are either working here or want to stay invested in property market for next few years.

The current property rates in the locality is Rs. 6500-9500/sq-ft. but the values may vary depending on the location, infrastructure, amenities, facilities and other related issues.

Sandeep Mhatre, Mumbai

29th June 2015

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Thanks Sandeep,
What about Mira Road? What is the current property rate is going on?How is the connectivity of the Mira Road with different parts of the city?

Anuskha Chandan, Mumbai

29th June 2015

Well Anuskha,
Mira Road remains an old town which has affordable options to invest in and attract majority of mid-segment buyers. enjoys both, the road and rail connectivity, with different parts of the city. The Western Expressway, Ghodbunder Road and the western line of Mumbai Suburban Railway connect Mira Road to Mumbai, Thane and Navi Mumbai. No doubt that the area has attracted investors who are looking to earn second income from their property.

The current property rates in the locality is Rs. 6500/sq-ft.

Sandeep Mhatre, Mumbai

29th June 2015

Hi Lokesh,
I am planning to buy a flat at the end of this year. Which area would you like to prefer? What is the current property price in that area?

Anuskha Chandan, Mumbai

29th June 2015

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Good afternoon Anuskha,
The quality of life offered in Kharghar is unmatchable as some of the selected properties overlook the golf course which is developed by CIDCO while most of them are park facing which gives premium look to the area. Kharghar has a well established road and rail network. Direct access to Pune and Mumbai via the Mumbai-Pune Expressway and the Vashi Bridge respectively, enhances preference for localities in Navi Mumbai. Further, the upcoming metro route from Balapur to Taloja would pass through the locality, increasing its popularity.

Ravindra Singh,

29th June 2015

Hi Rajiv,
Kharghar and Mira Road are top 2 localities for buying properties. Both of these localities are in different sub region as Kharghar lies in Navi Mumbai while Mira Road is a part of Greater Mumbai. Kharghar in Navi Mumbai ranked 12th as locality rating while Mira Road ranked 367th.

On one hand, Kharghar offers many new properties on sale, opportunities for earning rental returns more in Mira Road where demand for leased accommodation is high. Mira Road remains a favorite hotspot for struggling TV actors and filmstars, workforce employed in Malad and local traders working in Borivali and Kandivali because of affordable rents and an established infrastructure.

Lokesh Patwa,

29th June 2015

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