Price Trends & Growth Report for HCS Horizon 2025

HISTORY

Mira Road East, the locality where HCS Horizon is situated, has witnessed a remarkable transformation and property appreciation over the last 15 years (2010-2024). In the early 2010s, Mira Road East was primarily viewed as an affordable, distant suburb of Mumbai, attracting homebuyers seeking value compared to exorbitant prices in the city's core. Property values during this period were relatively stable, appreciating at a modest pace driven by the initial influx of residents. The average property price per square foot was significantly lower, often in the range of ¹4,000-¹6,000.

The mid-2010s (2014-2017) marked a period of accelerated growth. Improvements in road connectivity, particularly the Western Express Highway, and the planned infrastructure projects started to enhance its appeal. This led to a steady increase in property demand from the middle-income segment, including young professionals and families. Prices saw a healthy appreciation, pushing averages towards ¹7,000-¹9,000 per sq. ft. Despite the general slowdown experienced across the Indian real estate market post-demonetization and RERA implementation in 2016-2017, Mira Road East's affordability quotient provided a cushion, maintaining buyer interest.

The late 2010s and early 2020s (2018-2021) showed continued, albeit sometimes cyclical, appreciation. The announcement and initial work on Metro Line 9 (Dahisar East to Mira Bhayandar) acted as a significant catalyst. Post-COVID-19, the demand for larger, more affordable homes outside the immediate city limits further boosted Mira Road East's attractiveness. Property values experienced a strong resurgence, with average prices reaching ¹9,000-¹11,000 per sq. ft. by 2021, and in some prime pockets, even higher. Projects like HCS Horizon, offering compact and efficient 1 BHK units, catered precisely to this demand for affordable, yet well-connected, modern living spaces.

Currently, as of 2024, the average property prices in Mira Road East typically range from ¹10,500 to ¹13,000 per sq. ft., depending on the specific micro-market, project age, and amenities. This represents an average appreciation of approximately 150-200% over the 15-year period, transforming it from a peripheral location into a robust and self-sufficient residential hub with considerable capital value growth.