Mira Road on high demand for residential property

Lodha believes in fulfilling the dream of people of owing the home and live in a comfortable and luxurious atmosphere. This renowned developer has launched it’s the most ambitious residential project for the people who dream of a beautiful home by the name “Lodha Codename Golden Ticket” beautifully located in Mira Road (E), Mumbai. This magnificent project is exceptionally designed to give you the dream of your desires perfectly ventilated and spacious apartments. Lodha welcomes you to be a part of this huge family which is reserved by thousands of happy families and is maintained by its magnificent construction quality.

Codename Golden Ticket is a majestic and exceptional development housing project that comprises of 1 & 2 Bedroom spacious apartments well decorated with modern facilities. The project is designed by architect Kapadia Associates and the landscaping by the renowned Prabhakar Bhagwat Associates –India’s No.1 landscape design firm. This project is a golden opportunity at owning a Lodha home at Mira Road - one of the most inhabitable locations in the Western Suburbs.

Reasons to invest in Mira Road, Mumbai

Governed by the Mira-Bhayandar Municipal Corporation, Mira Road has emerged as the rapidly-growing property market in the Mumbai Metropolitan Region (MMR). From the outstanding connectivity, sound infrastructure to an array of residential opportunities, the stretch has it all, making it a possible investment hub.

With the rising property costs and restricted handiness of compact homes across Mumbai, Mira Road has become the new favorite of real estate stakeholders. Situated 12 kilometers north of Mumbai, the stretch has garnered increased inquiries from homebuyers owing to competitive property costs, an explosion of residential property, expanded immigration in the neighboring commercial hubs of Malad, Kandivali and Borivali, established social infrastructure and exceptional connectivity.

Here are the few essential factors that have transformed Mira Road over the years:

1) Optimum Property

Located on the western line of the Mumbai suburban railway, Mira Road offers the smooth connectivity to Thane, Navi Mumbai, Central and southern areas of Mumbai. It's about 0.5 a kilometer from the Western Express Highway, which connects it to the International Airport. The closest railway station is Mira Road railway station situated around 3 kilometers away.

Additionally, the state government has also planned multiple infrastructure projects across the Mumbai Metropolitan Region (MMR) that are anticipated to enhance the connectivity quotient of the stretch. for example, a metro corridor has been planned from Andheri to Dahisar via Western Express Highway (Metro 7) and DN Nagar to Dahisar (Metro 2A). The upcoming Coastal Road planned between Nariman Point and Kandivali, and also the Navi Mumbai International Airport is touted to boost the connectivity nexus and realty prospects around the micro-markets closeby like Mira Road.

2) Commercial Profile

Mira Road has vastly benefitted from the presence of many manufacturing industries like Chemo Fab Industries Ltd., Indofab Industries and Bombay Bottles manufacturing industries.

The commercial hub of Lower Parel and Bandra Kurla Complex (BKC) is accessible via the Western Express Highway. While both are situated at a distance of around 30 kilometers and 36 kilometre, the highway reduces the traveling time and make sure a smooth ride to daily commuters. Besides, Mira Road additionally offers many choices in commercial opportunities starting from commercial complexes to retail shops.

3) Affordability and residential opportunities

While mangroves and salt pan lands cover the western side of the railway line, most of the development has been on the eastern side comprising a cluster of localities like Golden Nest, Salasar Greens, Swaght Heights, etc. and projects like JP North, Chandak Nischay Wing F, Lodha Golden Tickets, etc. are some of the excellent properties. In addition to residences, condos, independent floors are also available on the stretch.

The average property costs on the belt hover between Rs 7,700 per sq.ft. and Rs 8,700 per sq.ft. whereas the property costs in the neighboring areas of Malad and Kandivali are 30-40 percent higher and vary between Rs 13,900 per sq.ft. and Rs 16,200 per sq.ft.