5 reasons to invest in Mumbai’s Chembur Area
The suburbs of Mumbai have been the major focus for residential development and are a hot favourite among developers and buyers alike..
The suburbs of Mumbai have been the major focus for residential development and are a hot favourite among developers and buyers alike. One of such locality is Chembur, situated in southeastern Mumbai suburbs, is an enticing housing hotspot. Positioned in proximity to other suburbs like Kurla, Deonar, Mahul, Govandi, Chunabhatti and Ghatkopar, the locality serves as an industrial hub that further facilitates the growth of Chembur real estate. PropGuide lists out the major factors that contribute to the development of Chembur as an up and coming residential hotspot:
RAIL & ROAD CONNECTIVITY
Chembur is linked to the Harbour Line of the rail network. Government is planning of developing monorail on the suburban railway system which will help the residents in connectivity. It is expected that Monorail corridor connecting Chembur is going to become the second-longest monorail corridors in the world. When you are talking about road then eastern express highway and Lal Bahadur Shastri Marg (LBS) Marg provide great connectivity to this region.It is also connected by the monorail service between Chembur and Wadala which will go up to Jacob’s Circle in south Mumbai, on completion. Being close to both the Western and Eastern expressways, it is easier to commute to the business hubs such as the Bandra-Kurla Complex and other central business districts, from here.
SOCIAL INFRASTRUCTURE
One can witness increasing number of healthcare centres, public garden, clubs, shopping malls, gymkhanas and educational institutes in and around Chembur. These amenities further add to the advantages for a homebuyer. The famous Chembur market is a popular attraction with a number of multi-product stores and upmarket restaurants. The locality also has the finest educational institutions viz. St. Gregorios High School, Daan Special School, St. Joseph’s Convent Chamber, Sadhu High School and Mahatma Education Society’s Lai’s Group of Institution. “With the growing social infrastructure the locality is turning into a residential-friendly area,” says Rohit Poddar, managing director, Poddar Housing and Development.
AN INDUSTRIAL HUB
Presence of many renowned industrial establishments is making Chembur one of the suitable places for the employed. Buyers always think and wish that the home and workplace should be nearby reducing the time spent on travelling. Offices of some of the leading industries are located in and around Chembur. These include Petroleum Corporation Limited, Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Limited, The Tata Power Company Limited, Rashtriya Chemical & Fertilizers Limited and Tata Institute of Social Sciences. Buyers of apartments in Chembur have the advantage of living close to their workplaces. “Besides, presence of prestigious studios of the Indian film industry namely Asha Studios and RK Studios, gives Chembur a unique identity among other localities of the eastern suburbs,” adds Poddar. Chembur is one of the greenest suburbs of Mumbai. It is also the fastest growing suburb of central Mumbai.
COSMOPOLITAN CULTURE
The region is dominated by people from varied communities including Sindhis, Maharashtrians and South Indians. Major colonies or sub-localities in Chembur encompass Pestom Sagar, Tilak Nagar, RCF Colony, BPCL, HPCL, Tata Colony, Chheda Nagar, Indian Oil Nagar on Mankhurd Link Road (end of north west Chembur), Shell Colony, Navjeevan Society, etc.
PLUSH LOCALES
Chembur is a high-end residential hub and promises a quality lifestyle. Some prominent names from the Indian realty industry like Godrej Properties Limited and Heritage Group have their presence in this region. Some of the luxury projects in Chembur are Sabari Nateker Heights, Godrej Serenity, Ekta World Oculs. One could buy villas in Chembur, old bungalows, apartments in modern highrises, open spaces as well asresale property in Chembur. Average selling price of a residential space here is Rs 14,505 per sq ft. Unit size of the apartments vary from 690 sq.ft to 3,500 sq.ft.
