Summary For Mira Road East
Location Summary: Mira Road East
Mira Road East is a popular residential suburb located in the northern part of Mumbai. The area is known for its affordable real estate prices and good connectivity to other parts of Mumbai.
Rental Rate: The average rental rate in Mira Road East is ₹ 27 per square foot. This makes it an attractive location for tenants looking for affordable housing options in Mumbai.
Sales Transactions: According to recent data, there have been 10,685 sales transactions in Mira Road East. This indicates a high level of demand for properties in the area.
Gross Sales Value: The gross sales value of properties in Mira Road East is estimated to be ₹ 4,859 crore. This highlights the significant investment potential of the area.
Current Rate/Sq.ft: The current rate per square foot in Mira Road East is ₹ 11,452. This reflects the increasing property values in the area and the growing demand for real estate in Mumbai.
Overall, Mira Road East is a promising location for real estate investment, offering good connectivity, affordable prices, and high demand for properties.
Top Selling Projects for Mira Road East
Mumbai is one of the most populous cities in India and is known for its fast-paced lifestyle and real estate market. If you are looking to invest in a property in Mumbai, it is important to do your research and find the top projects that offer value for money. Here are the top selling projects in Mumbai by value:
1. JP North: With a sale value of ₹ 384 Cr., JP North is one of the most sought-after projects in Mumbai. The current rate of the project is ₹ 16,290, with a change value of +₹ 802. This project is located in Mira Road East and offers luxurious amenities and spacious apartments.
2. Eversmile Srushti Complex: Eversmile Srushti Complex has a sale value of ₹ 186 Cr. and a current rate of ₹ 16,703. The change value of the project is +₹ 127. This project is located in Mira Road East and offers a perfect blend of luxury and affordability.
3. JP Codename Dream Home: JP Codename Dream Home is a luxurious project with a sale value of ₹ 161 Cr. and a current rate of ₹ 15,581. The change value of the project is +₹ 1,821. This project is located in Mira Road East and offers world-class amenities and spacious apartments.
4. Lodha Tower: Lodha Tower is a premium project with a sale value of ₹ 147 Cr. and a current rate of ₹ 15,515. The project offers luxurious amenities and spacious apartments.
5. MICL Aaradhya Highpark: With a sale value of ₹ 107 Cr., MICL Aaradhya Highpark is a luxurious project with a current rate of ₹ 16,390. The change value of the project is +₹ 592. This project is located in Mira Road East and offers world-class amenities and spacious apartments.
6. Eversmile Srishti CHS: Eversmile Srishti CHS has a sale value of ₹ 78 Cr. and a current rate of ₹ 16,000. The change value of the project is -₹ 29. This project is located in Mira Road East and offers affordable apartments with all the necessary amenities.
7. Sanghvi S3 Ecocity: Sanghvi S3 Ecocity is a luxurious project with a sale value of ₹ 69 Cr. and a current rate of ₹ 13,353. The change value of the project is +₹ 866. This project is located in Mira Road East and offers world-class amenities and spacious apartments.
8. Sanghvi S3 Skyrise: Sanghvi S3 Skyrise has a sale value of ₹ 53 Cr. and a current rate of ₹ 12,727. The change value of the project is +₹ 146. This project is located in Mira Road East and offers affordable apartments with all the necessary amenities.
9. Casa Supremo: Casa Supremo is a premium project with a sale value of ₹ 42 Cr. and a current rate of ₹ 14,265. This project offers luxurious amenities and spacious apartments.
10. Esquire: Esquire is a luxurious project with a sale value of ₹ 37 Cr. and a current rate of ₹ 14,878. The change value of the project is +₹ 114
Price Trend For Mira Road East
Location Sales Trend: Mira Road East
The real estate market in Mira Road East has been experiencing a steady rise in the average rate per square foot in the past few quarters. According to the data provided, the average rate per square foot in Q1'22 was 14433, which slightly declined to 14211 in Q2'22. However, in Q3'22 and Q4'22, the average rate per square foot increased again to 14263 and 14278, respectively. In Q1'23, the rate decreased to 14013, but it still remained higher than the rate in Q1'22.
On the other hand, the number of transactions in Mira Road East has been fluctuating. In Q1'22, there were 1432 transactions, which reduced to 1361 in Q2'22. The number of transactions further declined to 1186 in Q3'22, and then to 1010 in Q4'22. However, there was a slight increase in the number of transactions in Q1'23, which was 1134.
Despite the decline in the number of transactions, the rise in the average rate per square foot indicates that Mira Road East is still an attractive location for real estate investment. The location offers good connectivity, a range of amenities, and a growing demand for residential properties. As a result, the prices in Mira Road East are expected to remain stable or continue to rise in the coming quarters.
