Thane
The real estate market in Mira Road East has shown significant movement, with property rates currently averaging ₹17,800 per sq ft. This pricing reflects a shift in market demand, balancing a substantial supply of ready-to-move units against a growing pipeline of new launches and under-construction projects. The rental market is particularly active, with an average rental rate of ₹62 per sq ft and a healthy rental yield of 4.18%, driven by consistent demand for apartments. Recent government registration data highlights a high volume of activity, with 715 transactions recorded, underscoring the area's popularity among homebuyers. Investors and end-users alike are finding a wide spectrum of options, from budget-friendly apartments to premium developments that command higher valuations.
As of September 2026, the average asking price in Mira Road East stands at ₹17,800 per sq ft. This figure reflects a positive market trend, having appreciated by 2.89% compared to the previous period, signaling sustained buyer interest and demand for residential properties in this locality.
Property prices in Mira Road East have shown a dynamic trajectory from December 2025 to September 2026. The location rate moved from ₹15,750 per sq ft in December 2025 to ₹17,300 in March 2026, reaching ₹17,800 in June 2026, before settling at ₹17,450 per sq ft in September 2026. This trajectory indicates a period of significant growth followed by a minor stabilization, providing a balanced outlook for potential investors and homebuyers.
Property rates vary significantly across the vicinity of Mira Road East. As of September 2026, Beverly Park commands a premium with an average asking price of ₹20,450 per sq ft, having appreciated by 15.9% compared to the previous period. In contrast, Ghodbunder Road offers a more accessible entry point at ₹15,450 per sq ft, which has seen an appreciation of 6.3% over the same timeframe, while the broader Mira Road area averages ₹16,450 per sq ft, reflecting a depreciation of 2.72%.
As of September 2026, ready-to-move projects in Mira Road East are priced at an average of ₹13,650 per sq ft, which has appreciated by 16% compared to the previous period. Conversely, under-construction projects are currently priced at ₹17,250 per sq ft, showing a substantial appreciation of 39.66% over the same period. This price gap suggests that buyers are currently paying a premium for newer, under-construction inventory, likely due to modern amenities and updated building standards.
The average rental yield in Mira Road East is 4.18% as of September 2026, with an average rental rate of ₹62 per sq ft. This rental rate has appreciated by 29.17% compared to the previous period, reflecting a strong rental market. For investors, a yield of 4.18% indicates a healthy balance between capital appreciation and recurring rental income, making the locality an attractive option for those looking to diversify their real estate portfolio.
As of September 2026, rental rates in Mira Road East are segmented by unit size to cater to diverse tenant profiles. A 1 BHK apartment typically rents for ₹18,650 per month, a 2 BHK unit averages ₹29,250 per month, and a 3 BHK unit commands approximately ₹52,000 per month. These figures provide a clear benchmark for landlords setting rental expectations and tenants planning their housing budgets in the area.
As of September 2026, several projects in Mira Road East lead the rental market. Sanghvi Sanghvi Nagar is at the top with a rental rate of ₹66 per sq ft, maintaining stable rates with 0% change. Delta Woods follows at ₹64 per sq ft, having appreciated by 12.28% compared to the previous period, while Mira CHS Mira Road East is at ₹61 per sq ft, showing a significant appreciation of 1933.33% over the same timeframe. These projects are preferred by tenants for their location and amenities, justifying the premium rental rates.
Apartment properties in Mira Road East, which represent the primary residential stock, are currently priced at an average of ₹17,450 per sq ft as of September 2026. This rate has seen a minor depreciation of 1.97% compared to the previous period. Despite this slight correction, apartments remain the most sought-after property type in the locality, offering a wide range of choices for both end-users and investors.
Rental rates for apartments vary across the region as of September 2026. While the average rental rate for apartments in Mira Road East is ₹50 per sq ft, which has depreciated by 3.23% compared to the previous period, other areas show different trends. For instance, Bhayandar East commands a higher rental rate of ₹100 per sq ft, despite a depreciation of 2.83%, whereas areas like Ghodbunder Road and Owale maintain a stable rental rate of ₹50 per sq ft, with Ghodbunder Road showing 0% change and Owale experiencing a depreciation of 2.33%.
