Chembur makes a mark as realty hotspot
Img : wikipedia

One of the busiest suburbs of Mumbai, Chembur, located in Eastern side of Mumbai, is home to various industries including RCF and BARC. Earlier, limited to only slums, few residential complexes and industries, the growth of real estate in the area has sky-rocketed in the past few years. With high-rise buildings and residential towers coming up in the vicinity, Chembur has arrived on the real estate map with a bang.

The Mahul port in the vicinity has always given an edge to Chembur as an industrial hub. Housing schemes at a smaller level for the workers in the industries also contributed to Chembur’s changing landscape. Evolution of housing colonies like Sindhi Society saw traders in the area finding a residence in the area. So, what was once only an industrial zone, soon transformed itself as a residential hub with the simultaneous development of industries in Bandra-Kurla Complex, Powai, Wadala and Ghatkopar, to name a few.

The availability of land for residential development along with the availability of public spaces in areas such as Gandhi Maidan, Diamond Garden, Tilak Nagar Ground, Sandu Garden, Jawahar Ground and Ambedkar Udyan to conduct community events, sports and other activities has led to Chembur being seen as an ideal neighbourhood space. The Bombay Presidency Golf Club in Chembur East is one of the prestigious locations in the place with a large member base. The residential property prices in Chembur range from Rs 20,000-75,000 per sq ft.

There are some of the prominent arterial roads which connect Chembur to other parts of Mumbai. Via the Eastern Express Highway, Chembur offers smooth connectivity to Mumbai and Thane. South of Mumbai is well connected to Chembur through the Eastern Freeway. Commercial zones including BKC and other western suburbs can be reached well through the Santacruz-Chembur Link Road. Navi Mumbai and other such commercial zones along the Thane-Belapur road can be reached through the Sion-Panvel Highway.

Chembur is also well-connected by train as it has its own railway station on the Harbour line connected to Mumbai CST and Panvel. The trains run through the day and are cheap. The extension of the monorail from Wadala to Jacob Circle in the South of Mumbai is seen as a positive step in the direction of Chembur fast-emerging as a preferred location for homebuyers. Chembur can also be reached through the Mumbai Metro Rail’s Line 1 passing through Ghatkopar-Versova-Andheri. To catch long-distance trains, one can go to Lokmanya Tilak Terminus which is located nearby.

The Chembur market is a famous market offering daily use items and is located close to the railway station. Retail and factory outlets and a shopping mall are also located in the premises of the market. Chembur like other spaces in Mumbai offers a variety of street food and high-end restaurants.

According to reports, there will be several high-end residential projects completed within the next year. Twenty per cent growth in supply is predicted to be achieved within the next three years in the Chembur suburb. Prices have shown a steady increase in the spot. Major business zones like Goregaon and Andheri are well-connected to Chembur.

No doubt, Chembur is getting a lot of attention. If you want to look for options in Mumbai, why not give Chembur, a try?