Until a couple of decades ago, Chembur was home largely to the employees of the industries and factories that this neighbourhood was known for. Its transformation into a real estate haven has been nothing short of astounding. The demand for residential property in Chembur is now high, and the suburb's infrastructure and development are keeping pace with the needs of homebuyers. Socially and culturally, Chembur is certainly turning out to be the heart of Mumbai. If you are still wondering if this is the right place to call home, read on.
All About Connectivity
The very first thing we look for in a neighbourhood in Mumbai is connectivity, right? Well, if you do decide to invest in a property in Chembur, you will have no qualms in this regard. It is well-connected to some of Mumbai's top hotspots and hubs, such as Andheri MIDC and SEEPZ, Lower Parel, and BKC. In addition, some of the top public and private industries, research centres, and organisations have offices and centres in Chembur. The more popular ones include BARC (Bhabha Atomic Research Centre), Petroleum Corporation Limited, Tata Power, and Tata Institute of Social Sciences. Chembur is also very well connected with the rising IT hub in Navi Mumbai.
The Mumbai Eastern Freeway keeps Chembur connected to the business districts of Wadala and Ghatkopar. The Chembur Monorail Terminus - Line 1 of the Mumbai monorail and the Chembur Suburban Rail Station on the Harbour Line are the lifelines of this Mumbai suburb.
Apart from its central location and well-knit public transport system, Chembur has started to look increasingly attractive to young professionals and families due to its robust social infrastructure. Moreover, it is home to some of Mumbai's top schools and colleges, such as Dr. Babasaheb Ambedkar College Of Arts, Science And Commerce, Vivekanand Institute Of Technology, Law, And MCA, Atomic Energy Junior College, and Narayan Guru College Of Commerce.
Chembur has excellent medical facilities and is home to the BARC, Apollo Spectra, and Zen Multi Speciality Hospitals. For those who love shopping, street bazaars and malls like the R Odeon and Cubic Mall have just about everything. The best restaurants, clubs, and recreational facilities make Chembur a coveted residential hub in Mumbai. While culturally rich, Chembur is also a very peaceful and settled suburb making it ideal for those looking to buy property here.
Real estate trends and ROI
Coming from a legacy of old colonies such as Tata Colony, Bombay Housing Board in Station Colony, RCF Colony, Shell Colony Indian Oil Nagar, Township Colony, and many others, Chembur has seen a spate of development over the past few years. High-rises and upscale projects have certainly become the trend, and with this, the appreciation of property prices, too, has worked favourably for investors. One of the greatest attractions of investing in 3 BHK flats in Chembur, Mumbai, is the attractive ROI. Rental demand and income are both high, making it a great investment opportunity.
Chembur is certainly one of the favourite neighbourhoods for potential homebuyers and for real estate developers in Mumbai.
Green and Clean Living
Despite the dynamic development, there are large green spaces, parks, and gardens, such as Ambedkar Udyan and Gandhi Maidan – a need that has rather gained focus following the outbreak of the pandemic.
While traditionally, Chembur has attracted homebuyers looking for mid-range properties in gated societies, the demand for high-end luxury properties seems to have taken off in recent years. The proposed Mumbai Metro Line connecting Mandale to Chembur is expected to be completed by 2025, and this should bring good cheer to investors in this Mumbai suburb.
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Day 2 February, 2022 Wednesday
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