CHEMBUR SNAPSHOT
Chembur Micro market Chembur, located in the eastern suburbs of Mumbai, has emerged as one of the prime residential destinations in Mumbai. Over the last decade, Chembur has changed the Skyline of the central suburbs with better infrastructure and improved lifestyle.
It enjoys a strategic location in terms of connectivity to neighboring locations of South central, Western suburbs, Thane and Navi Mumbai. Its close proximity to the Eastern Express Highway and Western Express Highway makes commuting easy for people who work nearby these areas. This micro market is an important residential, commercial and retail destination. The locality has good physical and social infrastructure with great connectivity and this has contributed to the locality’s skyrocketing growth in the real estate market. Now one of the greenest suburbs in the city, the area was once an industrial hub. It has now become a residential area. Many IT and ITeS companies have set up their offices here contributing to commercial development.
Transformation of Chembur: The eastern suburb of Chembur has witnessed phenomenal metamorphosis over the past decades, evolving from an agricultural wasteland to a thriving locality.
Before reclamation, Chembur lay on the north-western corner of Trombay Island; it was made part of Greater Bombay in 1945. After independence, Chembur was one of the sites for refugee camps. The establishment of Bombay Presidency Golf Club during the British Period was a major growth factor for the location. Construction of the town began in the 1920s, and within a decade or so, the township of Chembur was established. Increased industrial activity in Chembur began post-independence, as various factories started springing up in this locality. Commercial activity in this area began to draw the masses seeking employment and residence, and eventually, with the construction of societies by the Bombay Housing Board in Station Colony (Subhash Nagar), the Shell Colony (Sahakar Nagar), and the Township Colony (Tilak Nagar) in 1955, the area transformed from an industrial suburb to a residential one.
Connectivity and Transit Points: Chembur boasts of great road and rail connectivity, allowing easy and hassle-free commute. The locality acts as a link between Mumbai and Navi Mumbai with the arterial roads, expressways and monorail network.
Rail and Bus Network - It is one of the stations on the Harbour Line of Mumbai’s intricate railway network, which connects it to neighboring areas such as Tilak Nagar, Govandi, and Ghatkopar. BEST buses plying from the Lokmanya-Tilak Nagar (Chembur) Bus Station and the Sahakar Nagar (Chembur) Bus Station take commuters to most parts of the sprawling city. Road Connectivity – Eastern Express Highway and Sion Panvel Highway are some of the arterial roads of Chembur. They are important road transit points for those travelling to Pune using the Mumbai-Pune Expressway. The Eastern Freeway connects Chembur to South Mumbai, vastly reducing travel time. The Elevated Road connects Chembur to the western localities, especially the commercial hub, Bandra Kurla Complex (BKC). Mono rail – Mumbai’s first monorail i.e.; Chembur monorail station of Line 1 connects Chembur to Wadala station currently. There is an under construction line 2 which extends from Wadala to Jacob Circle. Once line 2 becomes functional, it will connect the eastern suburb to Jacob Circle in South Bombay. The monorail serves some thickly-populated areas that are not adequately serviced by Mumbai Suburban Railway, allowing for easier travel.
Prominent location distance from Chembur: BKC – 18 mins Airport – 20 mins Nariman Point/Fort – 30 mins South Mumbai – 20 mins Ghatkopar – 17 mins Andheri – 25 mins Airoli – 30 mins Vashi – 22 mins Thane – 30 mins
Why Invest in Chembur: 1. Strategic Location: Being strategically located within the central zone, Chembur is not only connected with the major office markets of the central zone, western zone, the island city zone and Navi Mumbai zone, but it also provides employment which in turn seeds the residential market in Chembur. Some of the prominent commercial zones located in proximity to Chembur are BKC, Andheri, Lower Parel, Worli, Powai, Kurla etc. Its proximity to localities like Sion and Dadar are the major trigger factors for growth in this locality. 2. Infrastructure: The robust infrastructure of the location is the reason behind speedy growth of Chembur. Surrounded by Eastern Freeway, Santacruz-Chembur Link Road, and the Chembur Monorail Station, this locality enjoys excellent connectivity, making it one of the most desired residential areas in the city. The monorail of this locality has been cited as the third-longest line in the continent, and once it becomes fully operational, it will ease the road traffic by ten-fold in the area. 3. Social Infrastructure - Chembur enjoys an excellent array of amenities, providing its residents with a comfortable and easy lifestyle. The social infrastructure is well developed with multiple malls,
restaurants, golf course, hospitals, schools etc. The area has a good presence of reputed educational institutions like St. Gregorios High School, RBK International Academy, Loreto Convent School etc. Chembur also houses some of the remarkable places of Mumbai like the prestigious Tata Institute of Social Sciences (TISS), Bombay Presidency Golf Club, Our Lady of Perpetual Succour Church etc. 4. High ROI – Owing to the above mentioned features, the location is featured at the top in the list of favorable investment destinations in Mumbai. The annual appreciation speculation shoots up to 25-40% for the residential projects in this area.
Source: Magic Bricks
Project Ruparel Orion RNA Continental Hubtown Seasons Omkar Raga Hill View Maitri Park Godrej Serenity Supreme Signature
Developer Ruparel Estates RNA Corp hubtown ( Ackruti City) Omkar Realtors & Developers Relaince Enterprises Hiranandani Godrej Properties Supreme Universal
BSP (per sqft) Aprox Rs. 14,750 Rs. 15,500 Rs. 16,500 Rs. 17,272 Rs. 10,049 Rs. 20,416 Rs. 22,500 Rs. 23,809
Source: Square Yards Research
Rental Income: Typology 1 BHK 2 BHK 3 BHK
Rent Range 22610 - 24300 34240 - 40300 47450 - 54500 Source: Square Yards Research