2 BHK Properties for Sale in Mira Road East Mumbai

Mumbai is an expensive city wherein purchasing a property is a difficult task. Thus, the rental market in Mumbai enjoys great scope. Moreover, the infrastructural projects such as the Mumbai Coastal Road, Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport will further increase the demand for rental housing in Mumbai. PropGuide lists the top five localities in Mumbai that have witnessed an increase in the rental rates over the period ranging from January 2016 to November 2016.

The Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.

The Mumbai Metro Line 7 is a partially elevated corridor spanning a length of 16.5 kilometres with 14 stations from Andheri (East) to Dahisar East. There are plans to extend the corridor, by 9 km, to Chhatrapati Shivaji International Airport (terminal T2) from Andheri (East), and to Mira Road-Bhayendar from Dahisar. The project is being developed at an estimated cost of Rs 6,208 crore and is expected to be operational by 2019.

The Centre is planning to build a 19-km highway starting from Loni near the Delhi-Ghaziabad border to the Akshardham flyover. The new highway will allow commuters to avoid the congested areas of east Delhi and reach the Saharanpur-bound national highway NH709B near Loni from the NH-24 directly. The project has received an in-principle approval while it may take upto three months to file a detailed project report.

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.