Should You Buy a 2 BHK In Chembur in 2023?

Chembur is now one of the emerging real estate micro-markets in Mumbai. While technically a Mumbai suburb, its proximity to Dadar, Scion, and Kurla makes it one of the most attractive locales in the city. A late entrant to the real estate development race of this burgeoning city, Chembur has nevertheless managed to attract some of the top developers in the city. As a prospective homeowner or a real estate investor, Chembur offers you excellent connectivity, social infrastructure, and ROI.

If you want to invest in a medium size apartment in the heart of Mumbai, a 2 BHK in Chembur should be your first choice.

• As a real estate investor in 2023, location should be the first factor on which you base your home-buying decisions. In this regard, Chembur checks all the right boxes. Chembur is close to some of the up-and-coming commercial hubs, and the suburb is also witnessing a spectacular spate of mixed development. From IT parks to office buildings, residential high rises to gated communities, this neighbourhood truly has it all. Some of the top domestic and global corporations are setting up offices in Chembur, and the existing PSUs like BARC are also located here. So, if you are a professional working in the vicinity, investing in a 2 BHK in Chembur makes a better alternative to renting.
• When it comes to connectivity, Chembur enjoys an unparalleled advantage. A quick commute takes you to the neighbouring areas of Ghatkopar, Kurla, Scion, and Mahul. Located north of Parel and Dadar, Chembur is easy to reach from the western suburbs and South Mumbai. Chembur is the ideal place to live if you commute to some of the main commercial hubs, such as SEEPZ, Bandra-Kurla Complex, Andheri, and Lower Parel. The Eastern Motorway, Eastern Express Highway, and Mumbai Pune Highway run through the suburb, making reaching different parts of the city easy. The Santacruz-Chembur Link Road is another arterial road that connects Chembur to SoBo. It is also the main station of the Mumbai Monorail Line-1. The Chembur Station on the Harbour Line connects this neighbourhood to the suburban railway network. Chembur is a hotspot of activity in a city where connectivity is paramount.
• Buying a 2 BHK in Chembur is ideal for young professionals and families. The neighbourhood has witnessed a boost in the rentals charged by homeowners. This means renting an apartment should set you back by at least INR 40000 per month. Owning a property that is likely to appreciate in value makes financial sense. Similarly, property investors who wish to rent or lease their flat can expect a rental income that can offset any home loan EMI payments incurred to purchase this property. Real estate experts expect the real estate prices of Chembur to rise with the completion of ongoing infrastructure projects that are likely to be completed by 2024/25.
• Chembur's attraction for families is its highly developed social infrastructure. Residential projects in this neighbourhood offer a range of excellent amenities and facilities. With some of Mumbai's top schools, such as St Gregorious High School, St Anthony's Girls' High School, Loreto Convent School, AFAC English School, and Ryan International School, this neighbourhood is for homeowners with school-going children. Higher education centres like the Tata Institute of Social Sciences and Shri Narayan Guru College of Commerce attract students from across the country. The neighbourhood also has some of the best hospitals in Mumbai, such as the BARC Hospital, Apollo Spectra Hospital, and Zen Multi-speciality Hospital. The Cubic Mall, K Star Mall, and numerous street markets offer excellent shopping and entertainment options.

If you are considering investing in a medium-sized apartment in Chembur, the answer is a resounding "Yes," and 2023 is the perfect time to do so. The construction of Mumbai Metro 2B, which runs from Mandale Depot to Chembur, is progressing rapidly. Moreover, the six-lane Third Vashi Creek Bridge is nearly finished. These developments indicate that the demand for real estate in Chembur will only grow, making it a lucrative investment opportunity at present rates.

Blox offers over 100 verified listings for 2 BHK apartments in Chembur from trusted real estate developers in the city. Contact a Blox relationship manager for advice on picking your dream home in this neighbourhood.