Chembur: The New Preferred Address in Mumbai

Chembur, located in the eastern part of Mumbai, is emerging as one of the prime residential destinations in Mumbai. Over the last decade, Chembur has changed skylines of the central suburbs with better infrastructure and improved lifestyle.

The Mumbai Development Plan of 1991 was instrumental in bringing about key infrastructure projects for decongesting the city center and promoting a transit-oriented development pattern. Consequently, the city’s eastern suburbs of Chembur, Powai, Kanjurmarg etc. have benefited immensely from these policy measures. Areas that had once been characterized by unorganised development and industrial zones, have undergone a noticeable transformation

DEVELOPMENT

The development of Eastern Freeway has significantly impacted the growth of real estate over the past few years. Due to the reduced commuting time to South Mumbai, demand for commercial and residential properties went up, and housing prices in locations such as Chembur and Ghatkopar increased by approximately 28–30 per cent over the last two years.

STRATEGIC LOCATION

      • Well Connected to neighborhood like Thane and Navi Mumbai.

 

      • Close proximity to Santacruz Chembur Link Road, Eastern Express Highway and Western Express Highway making commute easier for people who work almost anywhere

 

      • Connected with the major commercial zones viz :the central zone, western zone the island city zone and Navi Mumbai zone providing employment which in turn seeds the residential market in Chembur

 

      • Mass rapid connectivity is provided by the suburban rail network that connects it with the CBD locations of Fort and Nariman Point through Mumbai CST.

 

      • Domestic and international airports are a 15 minute drive from Chembur.

 

FACTS:

      • It is the greenest and fastest growing new center of Mumbai and has witnessed large-scale developments in the residential sector over the last few years.

 

      • Recently opened Freeway has connected Chembur to South Mumbai. One can reach South Mumbai in a span of fifteen minutes from Chembur.

 

      • The social infrastructure is well developed with multiple malls, restaurants, golf course, hospitals, schools etc. In addition, prominent commercial zones of BKC and Lower Parel are located within a distance of 12 kms from Chembur, which is further attracting people to this part of Mumbai.

 

      • Proximity to localities like Sion and Dadar are the major trigger factors for growth in this locality.

 

DEVELOPMENT OUTCOME:

      • As Infrastructure projects have provided a perfect platform for realty growth in the region, Chembur is now seen as one of the most desirable residential locations in Mumbai.

 

      • According to many investment advisory reports, Chembur in the Mumbai Metropolitan region has emerged as the top three investment destinations in India, with forecasts price appreciation by 125%, respectively in five years.

 

      • With many reputed builders have their residential projects in Chembur and pricing ranging between Rs.16800–17500/sq.ft. and an annualized appreciation to the tune of 15-18%, Chembur remains an important investment hotspot.

 

PROPERTIES TO LOOK OUT FOR:

Alta Vista by Spenta Group
Builder: Spenta Corporation and Sabari Group
Location: Chembur East
Configuration: 1, 2 & 3 BHK
Starting Price: 12,500 psf to 13,500 psf

Built to integrate with the natural undulating topography of the area, the project comprises 9 residential towers spread over a 7.6 acre property. Keeping the principles of nature in mind, most of its 1, 2 and 3 BHK residences are placed in the east-west direction, to make the most of the city’s westerly sea breeze. Three courtyards, all opening out to the west, also let air move freely between structures, making these homes a much needed reprieve from the concrete jungle that is the city.

To know more, Get in touch with:
Manish Sharma
+91 9664466148
manish.sharma@wallsnroof.com

Epitome by Supreme Universal
Builder: Supreme Universal
Location: Near RK Studio
Configuration: 4 & 5 BHK
Starting at: 22,000 psf.

Standing above and apart from the throng, Supreme Epitome lives up to its name and your status, presenting Chembur with a residential life style that promises to add to the appeal of the entire locale. A breezing drive of 20 minutes from Colaba via the New Eastern Freeway and next door to the prestigious Presidency Golf Club, the iconic Supreme Signature and the legendary RK Studios, Supreme Epitome makes you comfortable in the most exalted company the city has to offer. A host of other equally revered establishments surround you, offering convenient access to a comprehensive mix of education, entertainment, health-care and recreation.

To know more, Get in touch with:
Manish Sharma
+91 9664466148
manish.sharma@wallsnroof.com

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