Property Rates in Mira Road West Mumbai

Mumbai's real estate market is always on the rise and there are many projects that are worth considering for investment. Among these, the top selling projects by value in Mira Road West are definitely worth exploring.

Shri Tirupati Heights, with a sale value of ₹15 Cr., is a project that has seen a tremendous increase in value with a current rate of ₹13,576. This project offers a luxurious lifestyle with spacious apartments and modern amenities.

Vaibhav Horizon, with a sale value of ₹9 Cr., is another top project that has seen a significant increase in value with a current rate of ₹11,103. The project offers a range of amenities like a swimming pool, gymnasium, and clubhouse.

Pahal Anandam A, with a sale value of ₹5 Cr., offers luxurious apartments with state-of-the-art facilities. An increase in value is expected in the near future. Annapurna Aquarius, with a sale value of ₹4 Cr., is another top project that offers luxury and comfort to its residents.

Solitaire Heights, with a sale value of ₹3 Cr., offers premium apartments with world-class amenities. Walchand Darshan and Shree Balaji Venkatesh Heights are also worth considering for investment.

All these top projects offer a great investment opportunity for those who are looking for luxurious living in Mumbai. With the increase in value, these projects are sure to provide great returns in the future.

Location Sales Trend: Mira Road West

Mira Road West has been witnessing a decent sales trend in terms of both average rate per square foot and the number of transactions. As per the data, the average rate per square foot for the location for Q1'22 was INR 11,486 and it increased to INR 11,768 in Q2'22. However, in Q3'22, the price seemed to have reduced by INR 102 per square foot compared to the previous quarter, with the average rate being INR 11,666. In Q4'22, the price further decreased by INR 489 per square foot compared to Q3'22, with the average rate being INR 11,177. However, in Q1'23, the price increased to INR 11,624 per square foot, which is a positive sign for the location.

Coming to the number of transactions, the data shows that the location had 27 transactions in Q1'22, which increased to 33 in Q2'22. However, in Q3'22, the number of transactions reduced to 28, indicating a slight slowdown in the market. In Q4'22, the number of transactions further decreased to 15, which is a significant decline compared to the previous quarters. However, in Q1'23, the number of transactions increased to 21, which is a positive sign for the location.

In conclusion, Mira Road West has been witnessing a mixed sales trend in terms of the average rate per square foot and the number of transactions. However, the location seems to be recovering well in Q1'23, with an increase in both the price and the number of transactions. It is important to note that the sales trend for a location can be influenced by various factors such as infrastructure development, demand-supply dynamics, and economic conditions. Hence, it is advisable to conduct thorough research and analysis before making any investment decisions.

Location Summary:

The location of Mira Road West has seen a total of 132 sales transactions with a gross sales value of ₹ 62 Cr. The current rate per square foot in this area is ₹ 11,663 which has seen a price movement of +₹ 1,283.

This indicates a positive trend in the real estate market in Mira Road West, with an increase in property prices. It is a popular location for buyers due to its proximity to the city and good connectivity to major areas. The area has a good mix of residential and commercial properties, making it an attractive option for investors.

Overall, Mira Road West seems to be a promising location for real estate investments, with a good potential for growth in the future. However, investors should conduct a thorough analysis of the area and surrounding developments before making any investment decisions.