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Medetiya Nagar, Queens Park, Mira Road East, Mumbai

Pincode: 401107

Situated in: Central Mumbai

6 Flats for Sale in Medetiya Nagar

1 Flats for Rent in Medetiya Nagar

State: Maharashtra

District: mumbai

Total Area: 0.29 km²

Population: 8046

Population Density: 27978

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About Medetiya Nagar, mumbai

Medetiya Nagar is located in Mumbai. It is a residential locality situated near Saki Vihar Road. The property lies within the Medetiya Nagar PIN code 401105. Medetiya Nagar is close to several key localities like Mira Road East, Dahisar East and Bhayandar East providing easy access to major roadways. It is a quiet neighbourhood ideal for families looking for affordable housing options within city limits and in close proximity to social infrastructure and amenities.

Medetiya Nagar is a mixed community with people from different social and economic backgrounds. It is largely a middle-income residential area with salaried professionals, nuclear families and senior citizens forming a major chunk of the population. Residents enjoy a peaceful lifestyle without much traffic or noise. The culture is traditional yet cosmopolitan due to people from varied backgrounds coexisting in harmony. Festivals celebrate diversity. Parks and temples are bustling community hubs. Overall, it has a congenial environment making it a preferred destination for homebuyers seeking a balanced lifestyle.

Physical Infrastructure of Medetiya Nagar

Medetiya Nagar infrastructure is well connected via transportation and civic infrastructure. The area is well connected to the rest of Mumbai via Western Express Highway which is around 2 km from the locality. This provides quick access to several important business and commercial areas in Mumbai. Nearest metro station to the area is Sai baba nagar metro station Mira Road i.e. 2.2 Km, providing faster access to central Mumbai and the airport. There is a network of internal roads within the locality. 

Social and Retail Infrastructure of Medetiya Nagar

Medetiya Nagar is well served by social infrastructure and thriving retail sectors. Some of the popular schools in the area include Momai Global School, Rahul International School and Cosmopolitan High School catering to different education needs. For higher education, Shree L R Tiwari College of Arts Commerce and Science and Reena Mehta College are located nearby according to Medetiya Nagar map. Hospitals like Bhaktivedanta Hospital & Research Institute and Thunga Hospital are in close vicinity. For entertainment and retail needs, Singapore Plaza is a popular options. There are multiple banks like SBI, HDFC Bank, Axis Bank located within 1-2 km helping with the financial needs of residents. The area is also well covered with police stations like Chembur Police Station and Tilak Nagar Police Station ensuring safety of citizens. There is also a large number of local shops, showrooms, restaurants, bars and convenience stores in the locality meeting daily needs of residents.

Real Estate Market Trends in Medetiya Nagar

The real estate market in Medetiya Nagar has been growing at a steady pace over the last few years. Due to its well-developed social and infrastructure amenities, both end user and investors are showing high Medetiya Nagar property prices. This has led to property rates increasing consistently at 1.4% per annum. Currently average prices in the area are around 14050 per sq. ft. Popular configurations like 2 BHK and 3 BHK flats are in high demand ranging from ₹75-95 lakh and ₹1-1.2 crore respectively with prices appreciating year-on-year. Rental Medetiya Nagar property rates are also optimum for landlords with 2 BHK fetching ₹20,000-25,000 per month. The upcoming metro connectivity, schools and brand new mall projects have further spurred demand and growth propelling property rates northwards. Residential properties continue to attract buyers looking for quality living alongside infrastructure and amenities.

Top Employment Hubs Nearby Medetiya Nagar

Being situated in central Mumbai suburbs, Medetiya Nagar sees large number of residents commute to major commercial and industrial hubs of Mumbai daily. Some of the top employment hubs in Medetiya Nagar are:

  • Hari Om IT Park- 3.8 Km
  • Hezal Business Park- 4.4 Km 
  • Mahesh Industrial Estate- 1.8 Km
  • Sanjar Business Park- 3.8 Km 

Famous Sub-Localities in Medetiya Nagar

Being a large locality, Medetiya Nagar has several well-known sub-areas within. These sub-localities cater to different needs with their own unique characteristics and amenities. Following are the popular landmarks near Medetiya Nagar- 

  • Mira Road East 
  • Dahisar East 
  • Bhayandar East 
  • Dahisar West 
  • Mira Road West

Top Things to Do in Medetiya Nagar

Living in Medetiya Nagar offers easy access to a variety of amazing places to visit. From lush green parks perfect for family outings, to world class entertainment zones, there is never a dull moment here. Some of the top things to do in Medetiya Nagar include- 

  • Wadia Park and Jijamata Udyan are urban oases you must experience. Spread over 50 acres, immerse yourself in nature trails and enjoy scenic views.
  • Thrill seekers cannot miss Essel World & Water Kingdom. Asia's largest amusement resort 20 mins away promises endless fun at its aqua and adventure rides.
  • Watch top notch sports or catch international acts at the magnificent DY Patil Stadium, a mere 15 mins drive. Check events calendar for something exciting.
  • Horse racing enthusiasts must visit the iconic Mahalaxmi Racecourse on weekends. Place your bets and soak in the vivacious atmosphere.
  • Global Vipassana Pagoda is an architectural wonder. Spend an hour of inner peace in its tranquil meditation halls.
  • Boating, scenic views and jogging trails make Powai Lake the perfect respite from the city. Don't forget your camera!
  • Phoenix Palladium makes for a breezy shopping and dining experience under one roof. Catch a movie at its multiplex too!
  • Take in breathtaking views of the city skyline while exercising along SCLR Promenade, a waterfront trail not to be missed.

Conclusion

Medetiya Nagar is one of the most sought-after localities in central Mumbai with an ideal blend of connectivity, infrastructure and amenities. It offers an excellent lifestyle within budget for both end-users and investors. With established social infrastructure and access to prominent commercial locations, the neighborhood continues to attract residents and flourish as a preferred destination.

The locality and its Surrounding Areas have a lot to Offer to the Residents:

  • Access to key commercial centers like BKC and SEEPZ resulting in shorter commute.
  • Presence of reputed educational institutions and healthcare facilities.
  • Entertaining options like Essel World, malls and sports complexes nearby.
  • Well maintained gardens and parks providing relaxation from urban chaos.
  • Developing social infrastructure with new projects coming up.

What's Not great About Medetiya Nagar?

While infrastruGture is improving, some aspects need further attention:

  • Traffic congestion on main roads during peak hours.
  • Public transport connectivity needs to be bolstered.
  • Limited options for high-end retail and finer dining.
  • Lack of amusement parks and recreational spaces for children.
  • Insufficient affordable housing despite growing population.
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FAQs

What is the average price of 2 BHK flats in Medetiya Nagar?

The average price of a well-maintained 2 BHK flat in Medetiya Nagar ranges between Rs. 75 lakhs to Rs. 95 lakhs. Properties closer to main roads and social amenities tend to be on the higher side within this range.

Which are the popular residential projects in Medetiya Nagar?

Some of the popular gated communities with flats/apartments for sale in Medetiya Nagar are Heaven Park, Orchid East, Galaxy Apartments, Orchid Retreat, and Palm Springs. These projects offer modern amenities and security features.

How is the rental yield on investment properties in this area?

On an average, an 800-1000 sq. Ft 2 BHK apartment in Medetiya Nagar can fetch a gross monthly rental income of Rs. 20,000-25,000. The net annual yield works out to around 3-3.5% of the current market value. This makes it an attractive investment option for buyers.

What is the process to buy a property in Medetiya Nagar?

The typical process involves searching listings online or with local brokers, shortlisting options basis requirements, checking documents and getting loans approved if needed. Once found suitable, book the property by paying a token amount and signing the sale agreement. Final payment needs to be made on registration.