Mira Road vs Kharghar: Which locality should you choose?

Mira Road and Kharghar are two bustling localities that are brimming with realty opportunities. While Mira Road gives you the coveted “Mumbai” pin-code, Kharghar is situated in Navi Mumbai. Both these localities offer two different worlds. So if you want to know what suits you best, read on to find out more.
Kharghar Vs Mira Road
Situated on the Sion-Panvel Highway, Kharghar is a locality that is bustling with construction activity. An array of under development projects are dotting the landscape here. And with the neighbourhood boasting of being an educational hub, the vicinity is fast attracting a pool of student population. The growing social infrastructure, abundant greenery and several recreational spots make Kharghar an ideal residential catchment area.
Mira Road has attracted a fair share of the cosmopolitan crowd. Situated towards the northern region of Mumbai, the locality is cited to be one of the fastest developing suburbs. Its seamless connectivity to Navi Mumbai and Thane has further fuelled its realty sector.
End user market vs an investor market
While a number of new projects have mushroomed in Kharghar – Mira Road is becoming a potential investors’ hub due to its high rental yields. Working professionals from Borivali, Malad and Kandivali are considering moving to Mira Road due to its affordable rents while upcoming film-stars and television actors are finding accommodations in Mira Road due to its established infrastructure. 1 BHK apartments in Mira Road are expected to churn rental yields anywhere between INR 9,000 and INR 16,000 per month, thus making the vicinity a haven for many second time home buyers and local investors.
When it comes to Kharghar, the locality offers serene new residential projects with all modern day amenities. Apartments overlooking golf courses and a parks are some of the amenities builders offer to its owners. And with the locality being developed by CIDCO, Kharghar is fast becoming a rapidly developing vicinity. Being an ideal end user’s market- the demand here is usually driven by working professionals from neighbouring industries. 1 BHK apartment for sale in Kharghar is estimated to hover anywhere between INR 24 lakhs and INR 40 lakhs. The prices are likely to vary depending on the specifications provided by realty developers.
Nidhi C Thacker for IndiaProperty.com
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By: indiaproperty.com