Thane
The real estate market in Mira Road presents a dynamic landscape where property values have steadily appreciated to an average of ₹16,900 per sq ft. Recent trends indicate consistent growth across various micromarkets, with residential demand remaining robust for both immediate occupancy and long-term investment. Rental activity is equally active, providing a stable yield that appeals to income-focused investors. Developers continue to align their offerings with current buyer preferences, balancing new launches with a vast inventory of established residential units.
As of June 2026, the average asking price in Mira Road stands at ₹16,900 per sq ft. This figure reflects a positive market trend, having appreciated by 2.95% compared to the previous period, signaling sustained buyer interest and confidence in this residential micromarket.
Property prices in Mira Road have shown a dynamic trajectory, with the location rate moving from ₹15,650 per sq ft in September 2025 to ₹16,900 per sq ft by March 2026, before settling at ₹16,600 per sq ft as of June 2026. This fluctuation suggests a period of price discovery, where the market is balancing between recent growth and current demand levels.
Among the surrounding areas, Bhayandar East currently commands the highest average asking price at ₹18,350 per sq ft, having appreciated by 11.13% over the observed period. Conversely, Ghodbunder Road represents a more accessible entry point with an average asking price of ₹14,500 per sq ft, which has seen a slight depreciation of 0.79%.
As of June 2026, Ready To Move properties in Mira Road are priced at an average of ₹13,250 per sq ft, showing an appreciation of 2.57% over the measured timeframe. In comparison, Under Construction projects are currently priced at ₹14,500 per sq ft, which reflects a minor depreciation of 0.31% compared to previous periods.
The average rental yield in Mira Road is currently 3.48%, which provides a baseline for investors evaluating the income potential of their assets relative to capital outlay. While the overall average rental rate is ₹49 per sq ft as of June 2026, it has seen a depreciation of 5.77% compared to the prior period, suggesting that investors should carefully balance potential rental income against current property acquisition costs.
Rental rates in Mira Road vary by unit size, with Studios averaging ₹19,300 per month, 1 BHK units at ₹22,000 per month, 2 BHK units at ₹35,850 per month, and 3 BHK units at ₹46,150 per month as of June 2026. This tiered pricing structure allows tenants to choose options based on their space requirements, while providing landlords with clear benchmarks for setting competitive rents based on unit configuration.
As of June 2026, Om Pushpak CHS leads the rental market in Mira Road 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 notable premium rental projects include JP North Celeste at ₹64 per sq ft and The Arihant CHS at ₹63 per sq ft, reflecting the premium value placed on specific well-maintained or strategically located residential complexes.
Commercial and residential properties show distinct rental patterns in Mira Road as of June 2026. Shops and office spaces both command an average rental rate of ₹150 per sq ft, with shops seeing a depreciation of 3.36% and office spaces experiencing an appreciation of 1.54%. Meanwhile, apartments are significantly more affordable at an average of ₹50 per sq ft, which has appreciated by 4.08%.
Shree Ostwal Samata Sadan currently holds the highest listing rate in Mira Road at ₹58,150 per sq ft, having appreciated by 1.96% over the measured period. 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%), highlighting a segment of the market that commands a significant premium over the locality's average.
A prospective buyer should view the price trends in Mira Road as a reflection of a maturing market where premium projects like Shree Ostwal Samata Sadan and Kalpataru Srishti Namaah drive the upper end of the price spectrum. With the average asking price at ₹16,900 per sq ft as of June 2026, buyers should compare this against the specific status of the project—whether Ready To Move or Under Construction—to ensure their investment aligns with their timeline and budget requirements.
