Why Has Mira Bhayandar Become a Hotspot for Real Estate Investment?

Mira Bhayandar, also known as Mira Road, comes under the jurisdiction of the Mira Bhayandar Municipal Corporation. The region of Mira Bhayandar is right on the outskirts of Mumbai’s suburban district. It is officially part of the Thane district. 

Currently, Mira Bhayandar, or Mira Road, is a proper smart city and has been a consistent hotspot for residential property investments for the past few years. The improvements in connectivity, affordable housing, and infrastructure have made it a promising real estate investment location. 

In this blog, you will get an insight into all the factors that made Mira Bhayandar a prime hub for real estate investment. 

The Real Estate of Mira Bhayandar Continues to Climb the Ranks

Mira Bhayandar is one of the poshest regions of Mumbai and is widely popular for its picturesque mangroves and salt pans. In the past, this locality was infamous for its lack of water supply and electricity. But over time, this land of agriculture in Mumbai is now an epitome of comfort, connectivity, and convenience. 

The roads, covered with dome-shaped trees and backed by a humongous social infrastructure, make this place a peaceful and sought-after destination. Even with all of the world-class infrastructure facilities, the place offers affordable homes at a price point less than that of the neighbouring communities such as Borivali and Kandivali. 

Grade-A real estate developers have embarked on a mission to provide quality homes in Mira Bhayandar to meet the emerging lifestyle needs of people in this locality. Premium lifestyles through exclusive homes are filling all of the gaps, eventually keeping up the reputation of this place as a residential hotspot. 

Natural greenery, landscape views, and a serene glance at Vasai Creek are pulling more and more people towards investing in the real estate of Mira Bhayandar. The air quality is optimal, and the temperatures are ideal for a comfortable livelihood compared to other parts of the city. 

Hence, not just amenities and facilities but a peaceful and serene life makes someone relentlessly look for a property in Mira Bhayandar to invest in. 

The Thriving Infrastructure & Connectivity Plays a Key Role!

The locality of Mira Bhayandar is feasibly connected with the various industrial estates and business centers across Andheri, Goregaon, and Malad. Infinity IT Park, Lotus Corporate Park, Nirlon Knowledge Park, Santacruz Electronic Export Processing Zone, and others are a few such employment hubs close to Mira Bhayandar. 

The physical connectivity of this locality to significant parts of Navi Mumbai, Thane, and Mumbai is also optimal. It is because of the extensive roadways network. The railway station at Mira Road is the preferable transportation medium connecting people to different parts of the city. 

This locality's residents also have access to some of the best malls in all of Mumbai. You get Thakur Mall, Maxus Mall, and Rassaz Shopping Mall in close proximity. It just takes 15 minutes from Mira Bhayandar to reach these destinations. 

Apart from that, you also have international schools, such as N.L. Dalmia High School, St. Xavier’s High School, RBK School, Sardar Vallabhbhai Patel Vidyalaya, and many more. 

To look after the health of residents in Mira Bhayandar, Wockhardt Hospital, and Bhaktivedanta Hospital & Research Institute are two of the most renowned and international-standard hospitals at your service. 

Hence, such a broad social infrastructure will inspire real estate investments in Mira Bhayandar and take it to the next level. 

Multiply Your Investment Exponentially!

The properties in Mira Bhayandar or Mira Road are currently priced at an average of around Rs. 10,000 to Rs. 11,000 per sq. ft. This pricing is more than 20% higher than five years ago back. This price hike is expected to boom in the forthcoming years, opening the window for investors to get multiplied returns for their real estate investments. 
The price of properties in Mira Bhayandar is far from its saturation point. Hence, it means that the appreciation will continue on a larger scale within the next decade and even beyond it. Hence, why won't people invest in flats and independent houses on Mira Road? And such investment spikes are eventually ideal for making this place a real estate hotspot. 

If you are looking for a property in Mira Bhayandar, now is the right time to put your money into it. Try out Blox, a property searching platform to help you find your dream home in your desirable localities of Mumbai. Select Mira Road or Mira Bhayandar as the location, set your budget, and choose the property type to view available options from top property developers. 

When you find the ideal one, book your site visit, and you can then make a healthy home-buying or investment decision. 

Conclusion

So, this clearly explains why and how Mira Bhayandar is a consistent real estate hotspot in Mumbai. The prices are nominal and reasonable in comparison to the real estate markets of the neighbouring localities, alongside the brilliant social infrastructure. Hence, this justifies the demand for residential properties in the area. 
Try out Blox today, and get the best deal on your dream apartment or independent house before it gets sold.