If you are one of those buyers who keep an eye on the developed areas of Mumbai with new supply of housing options, there is good news for investors and end users. Mira Road, situated in the western peripheral area of Mumbai, offers new housing stock with over 30 upcoming housing projects, as per the data with Magicbricks. Most of these projects are offering possession by 2016 and remaining by 2018.
“The best thing about this residential stock is that it will cater to the housing needs of buyers from the mid to the high class segment. The 1BHK units available in the area range from Rs 40-50 lakh whereas a 2BHK apartment is available in a price bracket of Rs 60-70 lakh and a 3BHK from Rs 80 lakh to Rs 1 crore.
Other factors that make Mira Road a preferred destination among buyers apart from the new affordable housing stock are:
Connectivity
One of the major reasons why Mira Road is widely in demand among buyers is for its connectivity. It enjoys established connectivity to all parts of the city, be it Navi Mumbai, Mumbai or Thane. The Western Express Highway connects it with the Western Suburbs of Mumbai and also with Mumbai International Airport. On the other hand, the Ghodbunder Road ensures swift connectivity of the area with Navi Mumbai and Thane.
Infrastructure
The locality is well-equipped with social infrastructure. Several schools, hospitals and markets are present here, catering well to the basic needs of residents. Further, there are several shopping complexes and malls in the area such as Reliance Fresh, Thakur Mall, D-mart, Cinemax and Rassaz Mall, among others.
Prasenjeet, a resident of the locality says, “Mira Road is a great location and is well connected to the other parts of the city. Vegetable markets, shops, hotels, banks and super markets, all are available in this locality.”
Rental values As per the data available with Magicbricks, if a buyer is looking to rent a 1000 sq ft apartment, it will cost him a monthly rent of Rs 16,000. The rental value further depends upon the available amenities and the location. Mira Road is widely preferred by middle class people with need for smaller units with decent facilities.
So all those looking for a home in a reasonably priced bracket, Mira Road is worth considering.
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About Us
MCHI-THANE has always been very clear that fine housing complexes and
shopping malls cannot stand in isolation. A great City is the sum total
of great buildings, great infrastructure and great people. MCHI has been
committed to growth of the real estate sector and is credited with the
harmonious growth and rise in quality and standards of construction in
Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules
and regulations which are uniformly applied across the board as this
will to a great extent result in speedy construction, cost reduction,
fair pricing and a push for better quality standards at par with the
developed world, with a high level of transparency.
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