Mira Road, which is famous for its salt pans, is now famous for its properties. 10 years ago, properties here sold for 10 lacs are now sold for 1CR, and the price keeps increasing, but buying a property at Mira Road comes with its own benefits and flaws. This blog is extremely helpful for you because in it we will talk about:
- Is Mira Road a good area to live?
- What is special about Mira Road?
- 6 things you should be aware of about Mira Road
- Rates of Mira Road Property
- 2BHK in Mira Road: Things You Should Consider
- 1BHK in Mira Road: Things You Should Know
- Why it is best to buy an under-construction flat at Mira Road
- Checklist for the under construction project
Is Mira Road Good Area To Live?
If you’re someone who wants to have peace, enjoy luxury, and at the same time enjoy Mumbai’s fast life, then consider Mira Road the best option.
Because in Mira Road, you’ll get luxurious flats at an affordable rate, and with that, you’ll get good transport connectivity from autos to trains, social connectivity from retail shops to malls, and much more. So, this is why you should live in Mira Road. Apart from that, here are six reasons why you should live in Mira Road.
- Affordability (Affordable housing and a low cost of living)
- Connectivity (Road connectivity, Rail Connectivity, and Upcoming infrastructure projects)
- Social infrastructure (Schools, Hospitals, and Shopping malls)
- Employment opportunities (in industrial and commercial establishments, major employers, and upcoming infrastructure projects)
- Investment potential (Rapid development, Upcoming projects)
- Other factors (green and peaceful, parks and gardens, and a multicultural and diverse population)
What is Special About Mira Road Property?
Do you know the case study of Powai, BKC, and Mira Road? These are some places that were sold for somewhere under 10 lakhs a decade ago, but today the price of this area is in crores. And this is one feature of Mira Road that makes it special.
Excellent potential for future growth. In addition, here are upcoming projects at Mira Road for infrastructure growth.
- Mira Road-Bhayandar Bypass Road (Expected to be completed in 2024)
- Mira Road-Dahisar Metro Line (Expected to be completed in 2026)
- Mira Road-Bhayandar Elevated Corridor (Expected to be completed in 2025)
- Mira Road-Bhayandar Multi-Model Corridor (Expected to be completed in 2028)
- Mira Road-Bhayandar Redevelopment Project (Expected to be completed in 2030)
Rates of Mira Road Property
The property rate in Mira Road ranges differently depending on the place, amenities, and builder. Additionally, the prices will change.
Ghar Ho To Aisa provides 0% space waste, which allows you to have more space in the same flat for the same price.
2 BHK In Mira Road: Things to Consider
Why should you buy a 2BHK flat in Mira Road?
If you’re someone who is ready to settle down and wants affordable yet spacious and well connected, and if you also wanted to have a good resale value and needed extra room for a guest room or a child room, then you should consider having a 2BHK in Mira Road.
Things you Consider While buying 2BHK Flats in Mira Road
- Affordability
Mira Road is known for its affordability in the Mumbai Metropolitan Region. In addition, buying a 2BHK flat here allows you to own a more spacious and comfortable living space without breaking the bank.
- Space
With two bedrooms, you have more room to stretch out and create personalized spaces. This is especially handy if you’re planning to start a family or if you need a dedicated home office.
- Flexibility
The second bedroom in a 2BHK flat offers flexibility. It can be a guest room, a child’s room, or even a home gym. The possibilities are endless, allowing you to adapt your space as your needs evolve.
- Investment Potential
Real estate in Mira Road is on the rise. Also, 2BHK flat can be a sound investment, and it’s likely to appreciate in value over time. Think of it as a nest egg for your future.
- Builder’s Plan
Review the builder’s plan for the project. How many towers are there? What amenities are being offered? Understanding the bigger picture can help you make an informed decision.
- Easy To Maintain
A 2BHK flat is generally easier to maintain than larger properties. You’ll have more space to enjoy without the headache of extensive upkeep. It’s the perfect balance between comfort and practicality.
- Ready To Move or Under Construction
Ghar Ho To Aisa offers both ready-to-move and under-construction 2BHK flats in Mira Road. If you’re in a hurry, a ready-to-move option is ideal. For those looking for better deals and more customization, under-construction flats might be the way to go.
- Good resale value
When the time comes to move on, a 2BHK flat in Mira Road is likely to have excellent resale value. Its combination of affordability, space, and location makes it a sought-after choice for potential buyers.
1 BHK In Mira Road: Things to Consider
Why should you Buy a 1BHK in Mira Road?
If you’re someone who has a small family, singles, or couple and needs a more affordable option, wants to connect with everything, or just wants to re-sale after some years with a good profit, then it’s a perfect option for you to go for 1 BHK.
Things you Consider While Buying 1BHK Flats in Mira Road
- Affordability
The first thing you should consider is your budget. Set a realistic budget for your 1BHK flat. Ghar Ho To Aisa offers options to fit various budgets, so don’t overextend yourself. Remember, your new home should bring you peace, not financial stress.
- Location
Location matters, and Mira Road has some fantastic areas to choose from. Think about your daily commute, accessibility to markets, schools, hospitals, and other amenities when selecting your location.
- Amenities
What amenities are you looking for? Gym, swimming pool, a kids’ play area, or something else? Make a list of must-have amenities, and look for 1BHK flats that offer what you need.
- Builder’s Plan
Review the builder’s plan for the project. Understand the timeline for completion, the number of towers, and the overall layout. This will give you a better idea of what to expect in the future.
- Legal Documents
Before signing anything, make sure you go through all the legal documents carefully. Also, check for approvals from relevant authorities, the title of the property, and the builder’s credentials. A legal expert’s advice might be valuable here.
- Size and Layout
A 1BHK Flat comes in different sizes and layouts. Also, consider your needs – do you need extra space for a home office or storage? Choose a size and layout that suit your lifestyle.
- Ready To Move or Under Construction
Ghar Ho To Aisa offers both ready-to-move and under-construction 1BHK Flats in Mira Road. Ready-to-move flats are great if you’re in a hurry, while under-construction ones might offer better deals. Weigh the pros and cons to make the right decision.
- Future Plans
Consider the future development plans for Mira Road. Upcoming infrastructure projects, schools, and healthcare facilities can significantly impact the value of your investment.
Why it is Best to Buy an Under-Construction Flat in Mira Road
- Affordability
Let’s get straight to the point. Mira Road is a fantastic location when it comes to under-construction flats. Why? Well, because they’re not fully built yet. You’re getting in on the action early, which often means a lower price tag compared to ready-to-move properties in more established areas.
- Growth potential
Mira Road’s real estate market has been steadily on the rise. Also, buying an under-construction flat here means you’re likely to see the value of your investment grow as the area continues to develop. So, it’s not just a home; it’s an investment in your future.
- Amenities
Builders in Mira Road understand that modern living requires modern comforts. Also, most under-construction projects come with amenities like gyms, swimming pools, landscaped gardens, and community spaces that make your life more enjoyable.
- Connectivity
Mira Road is not just any place; it’s an up-and-coming neighbourhood. With excellent connectivity, schools, hospitals, shopping centers, and entertainment options nearby, it’s a location that offers both convenience and quality of life.
- Flexible payment options
Worried about the financial commitment? The good news is that buying an under-construction flat often allows you to stagger your payments. In addition, this can make homeownership more manageable for many people.
- Investment in Infrastructure
The local government and private developers are continually investing in infrastructure in Mira Road. This means better roads, public transport, and civic facilities are on the horizon, making the area even more desirable.
- Higher rental yields
If you’re considering this property as an investment, under-construction flats often offer higher rental yields as the property appreciates in value over time.
- Check With RERA
Always ensure the project is registered with the Real Estate Regulatory Authority (RERA). Also, this provides legal protection for buyers and ensures the project adheres to regulations.
- Review the project
Firstly, take the time to thoroughly review the project’s plans, specifications, and the builder’s reputation. Secondly, this will help you make an informed decision.
- Visit the project site
Seeing is believing. Visit the project site to get a real feel for the location, surroundings, and progress of construction.
- Get all agreements and contracts in writing
It’s crucial to have all agreements and promises in writing. This protects your interests and prevents misunderstandings later on.
Conclusion
Mira Road has come a long way from its days as a place known for salt pans. It’s now a thriving hub for properties.
Mira Road is a combination of being affordable, well-connected, packed with amenities, and it’s a perfect place for your investment. It offers both a calm suburban life and easy access to Mumbai’s busy life
Also, the future here looks promising, with lots of exciting new infrastructure projects in the pipeline.
When it comes to choosing between 1BHK and 2BHK flats, it’s simple: 2BHKs give you more space, while 1BHKs are easier on the wallet and perfect for small families or individuals.
Under-construction flats in Mira Road are a hot pick because they are affordable, they can grow in value, they come with cool amenities, and you get to choose how you pay for them.
In addition, Buying a property in Mira Road is like securing your future in a vibrant neighbourhood. So, whether you’re looking for a wallet friendly 1BHK or a luxurious 2BHK, under construction or ready-to-move, Mira Road has something for everyone. Also, your journey to finding the perfect property in this lively area starts right here. Happy house hunting!