Reasons why Chembur is one of the aspired locales for quality lifestyle

All the suburbs on the Harbour Line of Mumbai have presented a wholesome residential sector. The impeccable connectivity, gated community, better infrastructure, & decent real estate market have all accounted for these trusted locales. Chembur was an emerging name in the past decade that is now established as one of the sought-after locales, with an exponential appreciation of properties in Chembur.

Infrastructural Transformation

Brihan Mumbai Municipal Corporation (BMC) formulated a plan for infrastructural development in Chembur, given the lack of proper linking to the southern suburbs. To resolve this issue, New Projects in Chembur were proposed that will serve as the bridge between the opposite spectrums.

The Eastern Freeway and Santacruz-Chembur Link Road propelled an infrastructural chain of events, leading Chembur to the epicentre. This interlink has connected Chembur to South Mumbai in under 25 minutes via the eastern freeway. Subsequently, there occurred an influx of the best residential projects in Chembur. The prices of these Projects in Chembur were quadrupled in under a decade, owing to easier commute.

Connectivity that impacted Chembur Real estate

• Chembur-Wadala monorail was the first-ever project in Chembur that granted a faster commute to Wadala, Dadar, Prabhadevi, and many such influential areas.
• The Metro station in Ghatkopar was yet another boon for the Chembur real estate as working professionals found the perfect medium to travel to the western suburbs. One can also access the Mumbai International Airport in just 25 mins from Chembur.
• BEST buses are the primary mode of transport from Chembur for economical means. The mid-segment has established prominence with demand for 1 BHK flats in Chembur.
• Chembur is the central node on the Mumbai Suburban Railway Network that connects to Western Line, Central Line, Navi Mumbai, and South Mumbai. Poddar Spraha Diamond is a premium project offering 1,1.5, & 2 BHK flats in Chembur, located just a couple of minutes from the station.

Overall, the feasible connectivity has propelled the demand for apartments in Chembur.

Steady valuations

Even during the pandemic, the real estate market in Chembur saw steady progress owing to the fundamental services. The robust healthcare structure allowed the residents swift access during emergencies. Also, some of the top-tier educational institutes are located here, thus elevating the demand for Flats in Chembur.

In Conclusion:

Chembur has accumulated a substantial valuation in real estate over the years that are yielding better returns for the investors. According to industry experts, a similar momentum can be expected in the coming years.