Mumbai has no dearth of modern suburbs where you will be able to find your perfect home. One name that often props up in home buyer searches in Mumbai is - Chembur. Located near Trombay in East Mumbai, Chembur has enjoyed a massive rise in popularity for those seeking a cosmopolitan lifestyle.

If you have a business or your job in either Lower Parel or BKC, then Chembur is ideal for buying a new home. What colony you want to settle in depends upon you. Chembur has many good locality options from BPCL, Rahul Nagar, and Yashwant Nagar to Siddharth Colony and Tata Colony. The question is, what are some of the new residential properties in Chembur to purchase an affordable flat?&nbsp;

The leading developers in the country have all invested in building world-class residential societies in Chembur that cater to the 21st-century urban lifestyle. Stacked with amenities, these societies and residential complexes fall in the bracket of INR 17,000 to INR 23,000 per square foot for budget-friendly homes. You will find both under-construction and ready possession flats in Chembur tailored to your requirements from a Mumbai suburban home.&nbsp;

Let us take a look at the four best residential societies in Chembur for a budget-friendly investment:

1. <a href="https://blox.xyz/projects/5th-avenue-prasanna-aura">5th Avenue Prasanna Aura</a> &ndash; Sambhaji Nagar, Chembur 
Starts from: INR 56.86 L&nbsp; 
RERA Carpet Area: 327-1245 sq. ft. 
Average Price: INR 18,000 per sq. ft. 
Possession Date: March 2024

The impressive 5th Avenue Prasanna Aura in Sambhaji Nagar has something for everyone. If you are single and are looking for a tiny space to own, you can purchase one of their well-designed RKs. Other grander options go up to 3 BHK. What makes each of these flats unique is their promise of privacy and convenience. The residential property also has a shopping centre to take care of all your grocery needs and is well connected to the Hemu Kalani Marg. &nbsp;

2. <a href="https://blox.xyz/projects/north-star">North Star</a> &ndash; Chembur East 
Starts from: INR 58 L 
RERA Carpet Area: 309-319 sq. ft. 
Average Price: INR 22,500 per sq. ft. 
Possession Date: Oct 2025

Enjoy the wonders of Mumbai&rsquo;s skyline from one of the flats in the posh 21-floor North Star complex in Upper Chembur, Chedda Nagar, Limboni Baug. Providing a premium high-rise living experience, North Star brings you some of the finest smart 1 BHK flats in Chembur. Featuring the best of amenities, including yoga centres, gyms, playing areas, electric vehicle charging units, a gorgeous terrace garden, a banquet hall, and more, it has everything you could ask for in a property. Slated to be ready by October 2025, North Star also offers &lsquo;Jodi apartments&rsquo; &ndash; a set of 1 BHKs you can purchase, perhaps one as your own home and one as an investment.&nbsp;

3.<a href="https://blox.xyz/projects/nirvaana-pearl"> Nirvaana Pearl</a> &ndash; Sambhaji Nagar 
Starts from: INR 85 L 
RERA Carpet Area: 367-929 sq. ft. 
Average Price: INR 23,160 per sq. ft. 
Possession Date: June 2025

A true gem from Nirvaana Lifespace, the luxurious Nirvaana Pearl is shaping up to be one of the best residential societies in Chembur. You can easily find the flat of your dreams if your budget is in the sub-1-crore category. Choose from 61 exceptional one-bedroom, two-bedroom and three-bedroom units in a premium residential location. A key feature of this outstanding residential society is its access to the Chembur Metro Station as well as proximity to the famous K Star Mall and the major Mumbai-Pune Expressway.

4. <a href="https://blox.xyz/projects/oswal-heights">Oswal Heights</a> &ndash; Tilak Nagar, Chembur 
Starts from: INR 96.6 L 
RERA Carpet Area: 420-640 sq. ft. 
Average Price: INR 23,000 per sq. ft. 
Possession Date: Nov 2023

It is rare to find pristine properties such as the Oswal Heights at an affordable price. This complex of spacious, well-designed 1, 2, 3, and 3.5 BHKs caters to fine aspirational living standards of modern home buyers. If you are looking for ready-possession flats in Chembur, then you won&rsquo;t have to wait too long with Oswal Heights. This residential society is also conscious of its sustainable living standards, with exceptional water conservation, energy management, and rainwater harvesting infrastructure. For those who enjoy shopping, Shopper&rsquo;s Stop is just across the road. Those who fly out regularly will also appreciate the domestic and international airports being just a 15-minute drive away.

With that, we wrap up our list of the best upcoming new residential properties in Chembur. If you are veering towards rental accommodation, then do know that the rent in Chembur can be quite exorbitant. Thus, we would recommend investing in one of the new residential properties in Chembur for the best returns and ultimate peace of mind. Your dream home in Chembur awaits you!&nbsp;