Thane
The real estate market in Mira Road demonstrates steady growth, with property rates currently averaging ₹16,900 per sq ft. Recent quarterly trends show a positive movement, indicating sustained demand across both ready-to-move and under-construction segments. The rental market is equally active, providing a competitive yield of 3.48% for investors looking for consistent returns. Developers are focusing on delivering high-quality residential spaces, with several key projects setting new benchmarks for pricing and amenities in the region.
The average asking price in Mira Road stands at ₹16,900 per sq ft as of June 2026. This figure reflects an appreciation of 2.95% compared to previous periods, indicating a resilient demand for residential properties in this locality. This steady growth suggests sustained interest from both end-users and investors looking for established residential hubs within the Thane region.
Property prices in Mira Road have shown a fluctuating trajectory, with the average location rate moving from ₹15,650 per sq ft in September 2025 to ₹16,450 in December 2025, reaching ₹16,900 in March 2026, and settling at ₹16,600 per sq ft as of June 2026. This trend highlights a period of price correction following a strong growth phase, providing a potential entry point for buyers who were previously priced out during the peak of the recent rally.
Property prices vary significantly across the region, with Bhayandar East commanding the highest average asking price at ₹18,350 per sq ft, which has appreciated by 11.13% over the observed period. In contrast, Ghodbunder Road offers a more accessible entry point at ₹14,500 per sq ft, having seen a slight depreciation of 0.79%. Other areas like Kashigaon have experienced notable growth, with rates appreciating by 12.65% to reach ₹16,750 per sq ft as of June 2026.
As of June 2026, Ready To Move properties in Mira Road are priced at an average of ₹13,250 per sq ft, reflecting an appreciation of 2.57% over the period. Meanwhile, Under Construction projects are currently averaging ₹14,500 per sq ft, which represents a minor depreciation of 0.31%. The price gap between these categories suggests that buyers are currently placing a premium on immediate possession, while the market for under-construction inventory remains competitively priced.
The average rental rate in Mira Road is ₹49 per sq ft as of June 2026, which has seen a depreciation of 5.77% over the period. Investors can expect a rental yield of 3.48%, a key metric that helps quantify the annual income potential relative to the capital investment in the property. While rental rates have softened slightly, the yield remains a critical indicator for those evaluating the long-term income-generating capability of residential assets in the area.
Rental rates in Mira Road are tiered based on unit size, with Studio apartments averaging ₹19,300 per month and 1 BHK units at ₹22,000 per month as of June 2026. For larger requirements, 2 BHK apartments command an average of ₹35,850 per month, while 3 BHK units reach an average of ₹46,150 per month. This progression allows tenants to choose configurations that align with their budget and space needs, while providing landlords with a clear benchmark for expected rental income across different property types.
As of June 2026, Om Pushpak CHS leads the rental market with a rate of ₹70 per sq ft, followed by Raj Exotica at ₹66 per sq ft and Kalpataru Srishti 337 CHS Ltd at ₹65 per sq ft. Other premium options include JP North Celeste at ₹64 per sq ft and The Arihant CHS at ₹63 per sq ft. These projects generally maintain stable rental values, though some, such as RNA Courtyard, have seen significant appreciation of 21.57%, while others like Salasar Woods have experienced a depreciation of 3.17%.
Rental rates in Mira Road show a distinct hierarchy based on property utility as of June 2026. Shops and office spaces both command a premium average rental rate of ₹150 per sq ft, with office spaces showing a slight appreciation of 1.54% and shops seeing a depreciation of 3.36%. Residential apartments are significantly more affordable for tenants, averaging ₹50 per sq ft, which has appreciated by 4.08% over the period.
Rental rates are relatively uniform across many parts of Mira Road, with areas like Mira Road East, Vijay Park, Pleasant Park, and Ghodbunder Road all averaging ₹50 per sq ft as of June 2026. However, Bhayandar East stands out as a premium rental hub at ₹100 per sq ft, having experienced a significant appreciation of 105% over the period. Conversely, areas like Gaurav Galaxy have seen a depreciation of 15.87%, suggesting that investors should carefully evaluate local demand drivers before committing to specific pockets.
As of June 2026, Shree Ostwal Samata Sadan holds the highest listing rate in Mira Road at ₹58,150 per sq ft, reflecting an appreciation of 1.96%. Other high-value projects include Anandashram CHS at ₹26,450 per sq ft (up 7.37%) and Bhattad Aurus at ₹25,700 per sq ft (up 1.84%). These projects represent the premium segment of the local market, and their pricing trends provide insight into the value placed on specific amenities, location advantages, and project quality within the locality.
