A residential colony in the mid-segment suburb of Mumbai, Tilak Nagar, has caused quite a stir in the real estate sector lately, especially in the housing market. Majorly consisting of a Hindu population, the locality has over 50,899 residents, with an area of 1.48 sq. km. The central suburb is also known for its Ganesh Chaturthi celebrations. Over the last couple of years, Tilak Nagar has experienced a substantial increase in demand for its residential properties. Named after freedom fighter Bal Gangadhar Tilak, the Chembur suburb also serves as a prominent railway station for the harbour lines and is known to have several playgrounds and gardens.
Boasting an efficient railway network, the Lokmanya Tilak Terminus helps connect Tilak Nagar to other parts of Mumbai. Other stations include Chembur railway station, Tilaknagar railway station, Kurla East, and Vidya Vihar West. The central suburb also enjoys metro connectivity (Ghatkopar metro station) and the Monorail system. Regarding commuting by road, the Eastern Express Highway and Eastern Freeway are accessible along the Wadala-Chembur-Jacob Ciricle Monorail Corridor.
Tilak Nagar lies within a 9km radius of commercial and office hubs such as Bandra Kurla Complex, the National Stock Exchange of India, Andheri East and the emerging centre Vikroli and 10km from the industrial hub Andheri MIDC. These areas act as major sources of employment for commercial capital. Having another feather under its cap, Vidya Vihar in Tilak Nagar is a growing epicentre of scientific innovation. Listed below are some corporate parks within a 10km radius.
Located in Chembur, Tilak Nagar is a mid-segment locality offering both resale and ready-to-move flats. Currently witnessing a skyrocketing demand, the area's average price per sq foot stands at approximately ₹19,659, with the rent being ₹46,048. The central suburb has appreciated 12.02% in property prices and 5% in rental amounts. For example, a luxury 2 BHK flat in MM Spectra would cost you an estimated ₹1.41 Cr.
Tilak Nagar offers its residents world-class facilities, whether schools, colleges, medical centres, or various recreation outlets. Here is a look at some of the eminent social infrastructure in the central suburb.
Restaurants and Markets
Given the above points, it won’t be wrong to say that Tilak Nagar has emerged as a new residential hub, offering excellent transportation and infrastructure. Nonetheless, let's look at some of the most recent developments in the Chembur suburb.
Though a small residential colony in the bustling city of Mumbai, Tilak Nagar has emerged as a key player in residential real estate through effective planning. Given its proximity to several industrial and commercial centres in Mumbai, the central suburb tends to benefit from its affordable house property rates. Hopefully, the above blog has helped shed light on discovering the hidden gem of Chembur.
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