₹69.20 L - ₹1.38 Cr
Space Residence II offers competitively priced 1 & 2 BHK apartments in Mira Road East, leveraging strong railway connectivity and developing local infrastructure. While its pricing positions it at a premium to the immediate local average, the builder's limited public track record necessitates heightened due diligence from prospective buyers.
Space Residence II presents a mixed investment profile. While its location near Mira Road Railway Station offers undeniable connectivity and the 1-2 BHK units cater to a strong demand segment, the pricing at an estimated INR 17,900/sqft appears to carry a premium compared to the local market average of INR 15,500/sqft. The primary concern for any serious buyer should be the limited publicly available information regarding Space Group's past projects and delivery consistency, warranting extensive independent verification. For end-users prioritizing connectivity and affordability over immediate capital appreciation, and who are willing to accept potential construction delays, this property could be suitable after thorough builder background checks. Investors should weigh the solid rental demand against potential sluggish capital appreciation in a competitive market and the inherent risks of an less-established developer.
This property is a viable option for small, budget-conscious families or individuals seeking their first home in Mumbai with good connectivity.
Investors could find rental yield potential due to connectivity and unit sizes, but capital appreciation might be moderate in a competitive market.
NRI buyers seeking a primary residence in Mumbai or an investment in an accessible location might consider this, but the builder's track record poses a challenge.
Under-construction projects, especially from mid-tier developers with less publicly known track records, frequently experience possession delays of 6-12 months beyond the RERA date. The current description also indicates a discrepancy between the RERA date (2026-12-31) and 'starting in 2027'.
While Mira Road boasts good connectivity, its rapid development has led to significant traffic congestion, particularly on the Western Express Highway and Ghodbunder Road. Water supply and civic infrastructure can also be strained in high-density pockets.
The 'not readily available public sources' for developer details is a significant red flag. This lack of transparency makes it harder to assess the builder's past project quality, financial stability, and adherence to timelines, increasing buyer risk.
Mira Road East is a micro-market with substantial ongoing and upcoming residential supply. This high competition could temper short-to-medium term capital appreciation and put downward pressure on rental yields if demand doesn't keep pace.
As with many low-lying areas in Mumbai's suburbs, Mira Road East can experience waterlogging during heavy monsoon spells, potentially impacting local travel and daily life, though the specific plot's elevation needs to be assessed.
Space Group appears to be a regional developer with limited extensive online presence and publicly verifiable track record. Buyers should conduct thorough independent verification of past projects and delivery promises to mitigate risks associated with an emerging developer.
The floor plan gallery is still available below, but a master site layout has not been uploaded for this property.
Configuration data exists only partially for this property, so no floor plan images can be shown yet.
A quick scan of the in-project comforts and lifestyle features available for residents.
Limited public information on Space Group makes assessment challenging. The developer is constructing Space Residence II in Mira Road East. Potential buyers must research the devel...
