Introduction

Mira Road Property Rates 2025

Looking for affordable real estate near Mumbai? Mira Road might just be your perfect match. Over the past few years, this locality has transformed from a sleepy suburb to a real estate hotspot. With its strategic location, improving infrastructure, and rising demand, Mira Road is drawing attention from homebuyers and investors alike.

Why Mira Road?

Strategic Location and Connectivity

Mira Road lies at the northern tip of Mumbai and is well-connected to both Mumbai and Thane via the Western Express Highway and the Western Railway Line. The upcoming Metro Line 9 will further reduce travel time to key locations like Andheri and Dahisar.

Upcoming Infrastructure Projects

Projects like the Mumbai Metro Line 9, Coastal Road extension, and widening of Mira Bhayandar Road are bound to elevate property demand — and prices — in the region.

Social Amenities and Lifestyle

From reputed schools to hospitals, malls, restaurants, and multiplexes — Mira Road offers an urban lifestyle without the sky-high prices of South Mumbai or the western suburbs.

Types of Properties in Mira Road

Residential Flats (1 BHK, 2 BHK, 3 BHK)

Whether you’re a bachelor looking for a compact home or a family searching for spacious living, Mira Road has it all. 1 BHK flats dominate the market, making up nearly 40% of total listings.

Villas and Row Houses

Though limited in number, villas and row houses in gated societies are becoming popular for those seeking more space and privacy.

Commercial Properties

Mira Road is also seeing a steady rise in commercial real estate — with office spaces, showrooms, and co-working hubs emerging around main roads.

Average Property Rates in Mira Road (2025 Update)

Price Trends over the Last 5 Years

From an average of ₹7,000/sq.ft. in 2020, prices in Mira Road have jumped to ₹11,500–₹13,000/sq.ft. in 2025 depending on the locality. That’s nearly an 85% increase in 5 years!

Current Per Sq. Ft. Rate in Prime Areas

Comparison with Nearby Localities

Mira Road clearly hits the sweet spot — affordable yet well-connected.

Top Localities in Mira Road

Shanti Park

Known for its family-friendly vibe, Shanti Park offers mid-range housing with excellent connectivity.

Naya Nagar

A bustling residential hub, it offers budget-friendly flats and access to Mira Road Station.

Beverly Park

One of the poshest areas in Mira Road, Beverly Park is home to premium societies and high-rise towers.

Kanakia

This area has seen a real estate boom thanks to proximity to malls, metro, and multiplexes.

Mira Bhayandar Road

Ideal for those who want to live close to the highway and main transport routes.

Factors Affecting Property Rates in Mira Road

Demand-Supply Ratio

With increasing migration from Mumbai’s expensive zones, demand in Mira Road is high. However, supply is catching up due to new project launches.

Government Regulations and Taxes

Recent RERA reforms, stamp duty rebates, and the Pradhan Mantri Awas Yojana have made buying property here even more attractive.

Infrastructure Development

Metro Line 9, road widening projects, and better public transport are pushing up rates and boosting buyer confidence.

New Projects and Builders in Mira Road

Reputed Developers Operating in the Area

• JP Infra
• RNA Builders
• Kanakia Spaces
• Unique Shanti Developers

Upcoming Projects in 2025

• JP North Phase 3
• Kanakia Levels 2
• RNA Mira Vista

These projects are introducing luxury features at mid-income prices.

Mira Road vs. Other Suburbs of Mumbai

Mira Road vs. Borivali

Borivali is pricier but saturated. Mira Road offers modern homes at half the cost.

Mira Road vs. Vasai-Virar

Mira Road is more urbanized and closer to Mumbai, making it a better option for working professionals.

Mira Road vs. Dahisar

Dahisar is closer but offers fewer new projects compared to Mira Road.

Rent Trends in Mira Road

Average Rent for 1 BHK, 2 BHK, and 3 BHK

Demand from Working Professionals and Families

Thanks to easy access to Western Railway and Metro, many professionals choose Mira Road over Andheri or Goregaon for rentals.

Investment Opportunities in Mira Road

ROI Potential

With a 10–12% YoY price appreciation, Mira Road is among Mumbai’s top 5 investment zones in 2025.

Rental Yield

Average rental yield stands at 3–4%, which is healthy for Mumbai suburbs.

Long-Term Appreciation

Upcoming developments and urban infrastructure promise a robust long-term gain.

Pros and Cons of Buying Property in Mira Road

Pros:

• Affordable rates
• Great connectivity
• Modern lifestyle

Cons:

• Traffic congestion during peak hours
• Limited nightlife options

Buyer Tips for Property Investment in Mira Road

• Prefer RERA-registered properties
• Compare nearby localities before finalizing
• Verify builder reputation
• Check for Metro and road connectivity

Future Outlook for Mira Road’s Real Estate Market

Mira Road is all set to become the next suburban powerhouse of Mumbai. With sustained infrastructure upgrades, it is no longer just a budget alternative — it’s a smart investment hub.

Conclusion

Mira Road is no longer in the shadows of Mumbai’s premium zones. With balanced development, affordability, and rapid infrastructure growth, it’s the perfect place for both homeowners and investors. 2025 might just be the year to make your move.