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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.
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What is Transforming Chembur’s Real Estate Industry
Chembur is a suburb of Mumbai and is located in the eastern part of the city. Formerly known as an industrial destination, it is transforming rapidly into a premium real estate destination in Mumbai. Although it always had small residential localities around it, today there are premium residential developments coming up.
The stage is set for large-scale residential developments as well as commercial spaces to take over and transform this area. As investors see potential in this area over time, the rate of development will only increase.
So, Let’s look at the major reasons why there are new projects coming up in Chembur:
Connectivity To Other Parts Of Mumbai
This is an area where many other parts of the city are lagging behind. Chembur is well connected by road and rail, which allows easy travel to other areas of Mumbai. People do not have to waste time commuting or spend their hard-earned money on extravagant fuel prices. The city’s public transport system makes it even easier for people working in different parts of Mumbai to get home or go out when they want to relax with friends and family members after work hours.
The Best Residential Projects in Chembur, like Poddar Spraha Diamond, are taking advantage of this connectivity and opening up their gates at or near highway intersections to allow more comfort to their residents.
Railway and Roadway
Chembur is well-connected to the rest of the city by road and rail. The Eastern Express Highway and Eastern Freeway connect Chembur to Andheri, Thane, and beyond. The Santacruz Chembur Link Road (SCLR) connects SCLR with Sion Panvel Highway as well as Mahim Causeway, providing easy access out of the city.
Availability Of Properties For Sale In Chembur At Reasonable Prices
Chembur is one of the most affordable areas in Mumbai. This is because it was once a small village and has only recently become a part of Mumbai city. Making 1 BHK flats in Chembur easy to find, while the 2 BHK flats in Chembur are economically cheaper when compared to other areas of the city.
The suburb is very close to central Mumbai and therefore offers great value for money. In addition, there are many investors who are purchasing properties in Chembur here due to its proximity to both the railway station and Chembur bus stand as well as being on a well-known arterial road that connects different parts of Chembur with each other and helps reduce traffic congestion during peak hours.
We suggest you check out a new project by Poddar Housing- Poddar Spraha Diamond. And, who knows your search for new apartments in Chembur might just come to an end.
Poddar Spraha Diamond by Poddar Housing
The availability of properties for sale in Chembur at reasonable prices makes it an ideal destination for families looking to buy their first home or enter into real estate investment with their money.
Changing the landscape of the real estate industry in Chembur is Poddar Housing. For people looking for a residential property in Chembur, Poddar Spraha Diamond is the place that should be on your list. This project is being recognised for its quality construction and affordable prices. Moreover, this property offers amazing amenities like lush green spaces, swimming pools and gyms for residents to enjoy.
This project offers spacious flats in Chembur with 1 BHK and 1.5 BHK options available at affordable prices; hence, if you are looking for a spacious 2 BHK apartment in Chembur then this is where you can find one!
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Why invest in Poddar Wondercity
Badlapur Property by Poddar Housing gives you an excellent opportunity to invest in the best home with loads of amenities. Invest now to enjoy a luxurious life in the highest towers of Badlapur with 23+ floors and stilt at the biggest township and better returns on your investment.
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Amazing Opportunities for Real Estate Investment in Kalyan
Kalyan is one city that has experienced the most growth in the past decade with the Thane district developmental project. Moreover, Kalyan is also set to undergo an upgrade into one of the smart cities in Mumbai. Needless to say, residential Projects in Kalyan are experiencing a new wave of appreciation.
If you are looking for investment opportunities or want to own a home in one of the secured communities, then here are a few reasons to validate this claim:
Smart city
Kalyan-Dombivali enclave is set for a total refurbishing to be deemed as the “smart city”. Around Rs.196 crore of govt funds have been allotted for the developments.
Some major new projects in Kalyan include-
- 10-MT bio-methenation plant, SBM
- Smart LED Pilot Project
- Household-level garbage bins for segregation and IEC campaign, SBM
- Automated solid waste management
Apart from these, more focus is on developing the fundamental services so that the residents of flats in Kalyan don’t have to endure travelling for essential purposes.
Ample area for property in Kalyan
The other major benefit of Kalyan is the yards that the estate presents for developing an extensive project in Kalyan. Greenfield projects have been considered a privilege in Mumbai amidst the supply crisis. Thane district particularly enjoys green belt surrounding and vast acres of land.
Enhanced connectivity with new infrastructural developments
Besides being the connecting node for the outskirts and the main city via the Mumbai Suburban Railway network, Kalyan also presents conducive modes of travel via road infrastructure.
Mumbai Trans Harbour Link is set to enhance this connectivity with an estimation of 1 hour reduced travelling period. This has added an extrinsic value to an Apartment in Kalyan since residents can enjoy a swift commute to South Mumbai as well.
Real estate valuations
With the aforementioned factors, Kalyan presents an overall lucrative valuation with steady market projections. Also, due to its affordable price range, the mid-segment with 1 BHK in Kalyan is flourishing at a considerable rate. Even more so, real estate developers are accommodating affordable housing with luxurious complexes and several amenities.
Poddar Housing Kalyan has launched Lakshya City which has assimilated the true essence of Kalyan, all the while offering 1 BHK flat in Kalyan amidst a serene environment and quality amenities— all at affordable prices!
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A Simple Checklist for Buying an Apartment in Mumbai
House hunting in Mumbai can be quite tasking, especially if you are unfamiliar with the structural dynamics of the city. Basically, every city in Mumbai Metropolitan Region (MMR) offers a unique essence to living.
To evaluate which vibe suits you the best, we have compiled a checklist to select your humble abode-
Befitting location
As MMR is an extensive network, you first have to narrow it down to a location that is conducive to your lifestyle. Evaluate the commute, connectivity to other locales, feasibility, and availability of essential services in the vicinity. These are the primary deciding factors on whether the location is worth the long-term investment.
Also, since MMR is undergoing massive infrastructural development, choosing a locale that is at the epicentre of this development will yield you higher returns on your investment.
For reference, the Eastern Freeway and Santacruz-Chembur Link Road were the major contributors to the appreciation of the Chembur real estate. According to the recent report by Liases Foras report, a whopping 227% increase was recorded in housing sales for YoY (2021-2022) in Chembur. If you want to explore more about Chembur, then Poddar Spraha Diamond is a promising project.
In general, categorise your list into Western suburbs, South Mumbai, Eastern Suburbs, Northern Suburbs, Navi Mumbai, and Thane district– this way it is easier to judge how conducive the location is.
Allocating Budget
Depending on the sectors mentioned above, each has significantly variable property prices. When you calculate your budget, you can easily veto the locations that don’t fit the bill.
Budget allocation should depend on the collective monthly income, other debt obligations, loan sanctions, investments, EMIs, and Interest rates.
This way you can categorically allot a budget without stressing over the installments and also give an estimate of ROI on the Apartments in Mumbai.
Surveying the Market
For a preliminary assessment of the vicinity, you can survey the nearby convenient stores, average bills for electricity and essential supplies to the Flats in Mumbai, the transport facilities, and average miscellaneous expenses. This will give you an estimate of whether the locale is suitable for your means.
This may not seem a high priority, but trust me, a tiny effort now will save you a burned hole in your pocket.
Thane district is predominantly an economical zone with Kalyan and Badlapur being the prime residential zones owing to affordability.
Analysing the Real Estate Market
If you are looking from an investment point of view, a project in Mumbai is valuated based on the standard property value of the locale. This value depends on the factors mentioned above. Assessing the general property prices of the locale of your choice will also give you an insight into whether a particular project is overvalued.
Moreover, real estate trends also suggest whether the locale has reached saturation at prices. On the other hand, it will also tell you which suburb is performing better and set to yield high returns in the future.
For reference– with recent development and upcoming projects, the valuation of Kalyan, Dombivali, Ulhasnagar, and Badlapur is set for appreciation in the coming years. Moreover, the areas that are in the initial phase of development offer affordable housing with quality apartments in Mumbai.
Poddar Housing
Poddar Housing and Development Ltd. is a Public Limited, listed Company in the BSE and NSE. started by Director Dipak Kumar Poddar and MD Rohitashwa Poddar, the organization has a dream of fulfilling the housing needs of all sections of society and having delivered over 5000 units in last 7 years.
Poddar Housing 