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Mira Road Property

The fast developing western suburb of Mira Road is all set to become one of the most sought-after residential destinations considering good connectivity and affordability. One of the major reasons responsible for the development of Mira Road is the active Mira-Bhayandar Municipal Corporation."Today , the cost of homes in buildings with G+5 storey and without too many amenities is between Rs 4,000 and 4,500 psf. The cost of homes in tall buildings of about G+14 floors is between Rs 4,800 and 6,000 psf, says Samantak Das, National Head - Research of Knight Frank India. Once deprived of basic facilities, including water supply and electricity , it now enjoys all the facilities including 24-hour electric power from Tata and Reliance, telecom facilities from MTNL, besides the private mobile network operators.The development in Mira Road increased multifold when lots of municipal hospitals and schools started coming up here. According to John, Mira Bhayandar Municipal Corporation (MBMC) has many development plans like setting up sewage treatment plant under JNNURM, two more fire stations , upgrading storm-water drain systems and increasing water supply . Mira Road is a rapidly developing suburb. Shailesh Sanghvi, Director , Sanghvi Group of Companies and Secretary, MCHI Mira-Virar City says, "It enjoys all the facilities like telephone services, electricity supply and transport services . Also, BEST, State Transport (ST) and Thane Municipal Transport (TMT) buses stop at Mira Road. Mira Road offers easy connectivity to all directions of the city - Mumbai, Thane and Navi Mumbai. The Mira-Bhayander belt enjoys easy accessibility from the western suburbs through the Western Express highway, and Thane through the Ghodbunder Road. Due to its proximity to Mumbai and better connectivity to Thane and Bhayandar , there has been a significant growth of population in this area. The strong infrastructure development has provided the necessary impetus to the housing market growth. MMRDA has proposed four lane roads connecting Gorai and Bhayandar and widening of existing roads. Mahim-Mira Road forms an important Fast Track Bus Corridor in the much-awaited Bus Rapid Transit System (BRTS). This system, once operational, would ease off pressure from the transportation considerably. MMRDA has also developed a skywalk near Mira Road railway station to offer more convenience to residents. Fortunately, the construction of roads in Mira Road are good. "Even if there is any problem with the road especially during monsoon then it is immediately rectified by the MBMC. The construction of a flyover at Mira Road has just got over, which would help ease traffic, he adds. Additionally, it also has many educational institutes like NL Dalmiya School and Management College Sardar Vallabhbhai Patel Vidyalaya, Holy Cross Convent School, and many more. With hospitals like Umroa, the health sector in Mira Road is also well established. Besides, the entry of Thakur Mall, Cine Max theater, Rassaz theater , Reliance Fresh, Big Bazaar, Spinach and Reebok Store have increased the profile of the area. Some of the renowned developers in Mira Road include RNA, Sanghvi Group of Companies, among others. Their prestigious projects include RNA Viva, RNA Courtyard, RNA Liberty, RNA Broadway, Sanghvi Ecocity, Sanghvi Clock Tower and so on. While speaking about what prompted RNA to start so many projects in Mira Road, Manoj John, Vice- President - Corporate Planning and Strategy, RNA Corp, says, "Affordable housing facilities, good connectivity, better infrastructure and quality lifestyle is what makes the Mira Road belt a favoured destination in the western suburbs. The real estate scenario has also witnessed strong transformation with a seamless expansion of development along the Western Express corridor . The profile of development now also includes premium properties, integrated townships, malls with supporting social infrastructure like schools, hospitals, and transport hubs. The demographic of Mira Road is cosmopolitan. One finds people of almost all communities, including Muslims, Hindus, Christians, Sindhis, among others. Today, Mira road has emerged as a hot destination for real estate due to its ever-increasing demand for homes and improved civic facilities. Itâs the affordability factor that makes Mira Road a much sought-after destination among homebuyers of every segment.

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