After the development of Bandra-Kurla Complex (BKC), the preference of Mumbai has further increased in the recent times. Due to BKC, that is one of the largest commercial market place in the Western parts of India, there has been steep rise in demand of residential space in the nearby places.
This has eventually resulted in change in fortune for Chembur that sometimes before was mainly known for housing lower-middle class segments. Located on the Eastern parts of Mumbai, Chembur has witnessed large number of Grade-A developers flocking into the location with a slew of big projects. With surge in investor as well as developer interest, it is likely to see higher ROI in future.
Here are 5 reasons to invest in Chembur:
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Connectivity: Chembur has superior connectivity to other parts of Mumbai such as South Mumbai, Central Mumbai, BKC, Thane and Navi Mumbai. It also has close proximity to Airport, Eastern and Western Express Highway that makes the location ideal for investment. Not to forget the Chembur Monorail trajectory that serves as a feeder line to the metro network of the city.
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Social Infrastructure: Chembur has changed the Skyline of the central suburbs with better social infrastructures. The social infrastructure is well developed with world class hospitals, schools & colleges etc. The area is a home to renowned educational institutions such as St. Gregorios High School, RBK International Academy, Loreto Convent School etc.
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Lifestyle: The plenty of malls, restaurants, golf course, gyms & clubs etc. have increased the attractiveness of Chembur. It has some of the remarkable places such as K Stars Mall, Cubic Mall & Bombay Presidency Golf Club etc. The location offers excellent array of amenities that makes the lifestyle of residents easy and lavish.
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Recreational Activities: The location has open space for recreational activities such as sports events, marriages, kitty parties & many more. Some of the prominent places are Gandhi Maidan, Diamond Garden, Ambedkar Udyan, Sandu Garden & Jawahar Grounds etc.
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High ROI: According to Square Yards GIC, Chembur has shown price appreciation by nearly 8.37%, that is greater than other localities of Central Mumbai between Q1-2015 and Q1-2016.
