The rise of Mumbai's real estate prices has been instrumental in the development of the Mira-Bhayandar region. From 1947 onwards, primarily developed by Bharat Shah the rise in real estate prices prompted several largely lower and middle-income families to migrate to the suburbs of Mumbai like Virar, Vasai and Nalasopara. At that time, the Mira-Bhayandar area was part of a Gram Panchayat and was consisted primarily of agricultural land, majorly rice. This delayed and deterred builders from starting development projects. By 1980, builders began to buy agricultural land and start developing townships. The Mira Bhayandar Municipal Council was set up on June 12, 1985, by integrating five Gram Panchayats which included the Mira Gram Panchayat, which is from where Mira Road got its name.