Chembur Realty Thriving On Improved Connectivity
Since the availability and the affordability are both hard to find in central localities of India’s financial capital, suburbs have become a hub for residential real estate in Mumbai in the past decade. If we are making a list of some prime
localities that have seen a lot of popularity among buyers and investors, it
becomes important to mention Chembur.
Located in the eastern part of the city, Chembur is flourishing with ample property options. Operational monorail, upcoming Metro Line 2A, proximity to the industrial suburbs of Kurla, Deonar, Mahul, Govandi, Chunabhatti and Ghatkopar have given a much-needed push to this locality.
What else makes it an ideal choice for buyers as well as investors?
Rail & road connectivity
Chembur, which is already connected to the Harbour Line of the Mumbai local rail network, now offers Monorail connectivity to the residents. The Monorail route that connects Chembur in the east to the Jacob Circle in the south of city passing through some of the key property markets of Mumbai opened for public in March this year. In 2020, the locality will also enjoy Metro connectivity as the Line 2A of the Mumbai Metro will pass through this locality. The Line 2A of the Mumbai Metro will run between Dahisar and Mandala.
As far as the road connectivity goes, the Eastern Express Highway and the Lal Bahadur Shastri Marg (LBS) Marg serve Chembur and link it with prime business centres in the city such as the Bandra-Kurla Complex (BKC).
Presence of many renowned industrial establishments around the locality makes it an apt residential choice for those employed here. Offices of some of the leading industries, including Petroleum Corporation Limited, Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Limited, The Tata Power Company Limited, Rashtriya Chemical & Fertilizers Limited and Tata Institute of Social Sciences, are located in and around Chembur.
Chembur is a high-end residential market with property prices soaring nearly 11 per cent in past six months. Available in 1BHK-8BHK configurations, apartments here are available for an average price of Rs 17,026 per square foot, ranging between Rs 1-20 crore.
There are over 285 ready-to-move-in and 150 under-construction project options in Chembur. Some prominent developers that have projects here include include Godrej Properties Limited, Ektra Group and Heritage Group.