Chembur is one of the most famous localities of Mumbai. The real estate market in the area is primarily dominated by residential property. Over the years, Chembur has emerged as a preferred destination for property investment in Mumbai. One of the key reasons that has resulted in the boom in the real estate market and significant growth in Chembur property prices is its excellent connectivity to other parts of Mumbai. This can be better understood by considering the following facts about Chembur's connectivity.
An Extensive Road Network
Chembur boasts of a good network of both local roads and highways. The Shivaji International Airport is located just 15 km from the locality. The locality is situated quite close to The Eastern Express and Sion-Panvel highways. Both these highways ensure a hassle-free and smooth travel experience to all major destinations. While the former ensures smooth connectivity to South Mumbai, Thane and Central suburbs, the latter provides easy connectivity to Navi Mumbai and the commercial centres on Thane-Belapur Road. The Eastern Freeway also ensures a hassle-free travel experience to South Mumbai. The Santacruz Chembur Link Road has improved the connectivity of the locality to BKC and other commercial hubs of Western Mumbai.
Good Rail Connectivity
The Chembur Railway station is located at a short distance of 6 km from the neighbourhood. The railway station serves the area on the Harbor Line. It further helps in enhancing smooth connectivity between the locality and CST station in South Mumbai as well as Panvel in Navi Mumbai. The railway line also helps in improving the movement of goods and services across the city.
Metro Rail Project
Chembur is connected to the Mumbai Metro network through the Ghatkopar Versova, Andheri. Even though Metro Line 4 does not pass through, the locality is located just a short distance away. Additionally, phase 1 of the Chembur-Wadala Monorail project has helped further boost the connectivity of the locality to other areas. These options have contributed significantly to reducing the commute time. Not to mention, it has also made things much more convenient for students and employees.
Impact Of Connectivity on Other Factors Related to Real Estate
The great connectivity options that Chembur offers have had a positive impact on various other factors related to real estate growth. The most important of these factors that have also helped in enhancing the Chembur property prices include the following.
Promise of a Fulfilling Life
Chembur is primarily a residential locality. This is a major factor why more and more homebuyers consider this locality. Moreover, the excellent connectivity options minimise the travel time for working-class people, enabling them to spend quality time with their family and friends.
Also, there is a strong sense of community in such areas. Here, people feel connected to each other and tend to enjoy various festivals and events together. The area also provides a wonderful environment for families and has scope for holistic growth and better development of children.
Great Social Infrastructure
The area is known for its great social infrastructure. This has enhanced its popularity among real estate investors as well as homebuyers. There are several good schools, healthcare facilities, recreational areas, and shopping centres in the area.
Moreover, the local road network is also quite good and well-maintained, which enhances the safety and convenience of the residents. All these factors have contributed greatly towards making Chembur a preferred option for people seeking good quality living in a safe and friendly neighbourhood.
More Demand for Luxury Living
The significant infrastructure growth that Chembur has experienced over the past several years has created a huge demand for the luxury housing segment. The efficient connectivity to major commercial hubs and the world-class social infrastructure have been attracting high-class people to the locality in large numbers. Moreover, some of the key real estate developers have also become aware of the growing potential of Chembur and have thus started making the most of this opportunity.
Final Thoughts
All these factors make Chembur a great investment destination. So, if you are someone who is on the lookout for an abode that not only offers easy access to excellent social and civic infrastructure and facilities but also elevates your way of living, Chembur is an option to consider.