Chembur, Mumbai

Chembur is one of Mumbai’s foremost and fastest developing residential areas. Chembur lies in the Mumbai Harbor zone and is dotted with several premium and mid-range projects. Leading developers like RNA Corp, Godrej, Neumec, Wadhwa and Eiffel are highly active in the area. Several new launches, mid-stage projects and ready to move properties are available in the area and 2 and 3 BHK housing units are predominantly available here. Demand for property in Chembur has gone up by leaps and bounds since it is a rapidly growing location.Chembur is a major residential destination and lies approximately 22 kilometres away from the Mumbai city centre. Chembur is well linked to Kurla, Deonar, Mahul, Chunabhatti, Govandi and Ghatkopar. The Chhatrapati Shivaji International Airport lies approximately 20 kilometres away from Chembur and the Bandra-Kurla Complex, Lower Parel, Navi Mumbai and Andheri East are also well linked to it among other business zones. Chembur is home to several leading organizations including the Tata Institute of Social Sciences, Tata Power Company Limited, Petroleum Corporation Limited, RK Studios, Asha Studios and the Bhabha Atomic Research Centre.The area offers easy access to the Eastern Express Highway while the monorail project has boosted connectivity hugely here. The first phase covers the area between Wadala and Chembur as part of the Chembur-Jacob Circle-Wadala monorail corridor which is reportedly the second longest such corridor in the world. The Eastern Freeway is another major connectivity lifeline and links Chembur easily to the southern parts of Mumbai. A double deck six lane flyover links the Dr. Hans Bhugra Junction on the Western Express Highway to the Amar Mahal Junction on the Eastern Express Highway.Three diversions of this flyover will soon connect to the LBS Marg, Tilak Nagar Terminus and Nehru Nagar. The Kurla-Kalina flyover over the LBS Marg is a part of the Santacruz-Chembur Link Road which is another major connectivity development in this stretch. Chembur is now regarded as a major gateway to South Mumbai and Navi Mumbai. Reputed educational institutions like the St. Gregorios High School, Sadhu High School, St. Joseph’s Convent and the Mahatma Education Society’s institutions are located here. There are several leading hospitals in this stretch in addition to recreational zones like the Acres Club and Gymkhana. Shopping malls like the K-Star Mall and City Mall are also located in close proximity to the area.Property prices have increased by approximately 6.98% in the area as per Q3 2015 while average property prices stand at around INR 17, 516 per sq. ft. in the area for the same period. Popular projects include Hiranandani Maitri Park, Hubtown Seasons, Lakhani Estate, Neelkanth Vihar, HPA Spaces Basil Residency, Ruparel The Orion and Godrej Central to name just a few. Chembur is slated to witness price appreciation of almost 125% over the next few years with further infrastructural development and the shift of several conglomerates and businesses to this well connected and fast developing zone.