Chembur is connected to south Mumbai, Navi Mumbai, and other suburbs through the Eastern Express Highway. The suburban railway network and the monorail service between Chembur and Wadala promise to expand Chembur’s connections. Chembur is also located close to the Western and Eastern Express Highways; this enables faster commutes to Mumbai’s business hubs such as Bandra Kurla Complex and other central business districts.
One of the greenest suburbs of Mumbai, Chembur represents the fastest growing suburb of central Mumbai. The Tata Institute of Social Sciences, Golf Club, Dr. Ambedkar Garden, and the Diamond Garden are some of the prominent landmarks located in Chembur.
In terms of real estate development, there are both residential and commercial Properties in Chembur. The old bungalows have been demolished to construct apartment complexes in areas near Chembur Naka. New project developments are coming up along the Jeejabhai Bhosle Marg, Eastern Expressway, Chembur-Govandi Road, Sion-Panvel Expressway, and VN Purav Marg.
Schools and educational institutions in Chembur include Our Lady of Perpetual Succor (OLPS), St. Antony’s for Girls, RBK International Academy, Ryan International School, Chembur English High School, Sree Narayana Guru College of Commerce, Loreto Convent School, Shah and Anchor Kutchhi Engineering College, N.G. Acharya and D.K. Marathe College of Arts, Science and Commerce and Vivekanand Education Society’s Institute of Technology.
Residential units located in Chembur were priced at INR 16,500 per sq ft in the second quarter of 2016. Research indicates that home buying activity in Mumbai picked up during the twelve-month period ending in the third quarter of 2015. This represented a 25% increase in sales of homes over the corresponding periods in previous years. This is good news indeed for the housing sector in Mumbai, which is reeling under the impact of unsold inventory of residential real estate and flagging sales. It’s time to check the Properties in Chembur now!
The rising pace of sales of residential units in Chembur stems from the fact that many prospective buyers waited for prices to reduce and invested in Chembur’s residential market when prices remained constant over a period of time. Observers note that this phenomenon was a kind of price correction in a market where the price of land and construction costs remained high.
Chembur is undoubtedly one among the best localities to reside as it offers entertainment, retail, health care, better connectivity, infrastructure, and best restaurants to the residents. If you are in search of some of the best Properties in Chembur, contact the Real Estate Industry experts and book your dream home at the best possible prices.