Mumbai is an expensive city to invest in real estate property, especially for middle-income group individuals. Therefore, first-time home buyers and investors are always on the lookout for promising and upcoming locations within the city to take maximum advantage of the property market opportunities. The skyrocketing property prices in Mumbai have forced homebuyers to invest in suburbs to make the most out of their property investment. Mira Road is among the hot property location for homebuyers and investors alike with the steady rise in demand for property within the location.
Mira Road is tons of upcoming residential and commercial building projects that are available at competitive prices. It is an ideal location for property investors as the property market price is bound to appreciate in coming years with the demand for property skyrocketing in future. Given below are reasons you must invest in Property in Mira Road.
Price trends of properties in the location
This is a living testimony of investing in this location. The market price of properties in Mira Road has appreciated by over 2.2% within the last two years and the current market property price is about an average of 6000 to 7000 per square foot. As per the survey, this trend is going to continue in the future and property prices will rise owing to the increasing demand for property within the city. Investing in property on Mira Road will help you get a better return on your investment.
Presence of employment hubs
The location boasts employment hubs like Lower Panel, Bandra Kurla Complex, etc that will attract young professionals to the location. Investing in the Flat for sale in Mira Road as the rental property will allow you to have a steady flow of income over the years. It is also a perfect place for first-time homebuyers to invest in Flats, duplexes, etc as the property prices are still affordable.
Tons of social amenities
To have a high quality of life, the presence of amenities like hospitals, banks, entertainment centres, shopping malls, etc are vital. Mira Road boasts luxurious shopping centres, research institutes, colleges, schools, recreational centres, etc within the locality. Residents can enjoy these amenities without having to travel far or burning a hole in their pockets with their loved ones. The presence of good schools and colleges is a huge draw for the young family looking for affordable properties in Mumbai.
Infrastructure
The robust infrastructure of Mira Road is the highlight of investing in the location. Several plans have been passed for development of the tourist attraction, link roads, etc by the government. The government is also trying to widen the road length within the location to allow for seamless traffic movement for daily office commuters. The robust physical infrastructure also aids in property appreciation in future.
Connectivity
Apart from good infrastructure, Mira Road also offers good connectivity with other parts of the cities and nearby localities. The western express highway connects the location with other parts of Mumbai while it is linked with Navi Mumbai and Thane via Highway 4. Chhatrapati Shivaji Maharaj International Airport is also nearby of the location allowing for an easy commute for the residents.
Thus, to conclude, Mira Road offers various benefits for property buyers and is perfect for investing in property as an upcoming location within the city. The population within the location is on the steady rise owing to the presence of an employment hub. Reputable and experienced property developers are investing in residential projects and one can invest in Builder Floor in Mira Road Mumbai as a rental property to make most of the property investment. You can also visit the property website to know more about properties for sale in Mira Road to make an informed property investment choice.
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