[ecis2016.org] Chembur is a suburb in eastern Mumbai that has changed from an industrial area to a residential hub over the years
Chembur is an old and fully developed suburban area located in the eastern part of Mumbai at a distance of approximately 15 kilometres from the central part of the city. The name of this place is believed to have been derived from the Marathi word ‘Chimboree’ meaning large crab. Chembur was originally on the north-western corner of Trombay island before the land reclamation project was initiated. The railway line for Chembur was first opened to passengers in 1924 and was made part of Greater Bombay in 1945. This place also has a history of having hosted refugees after independence and following partition. The growth and gradual development of residential areas occurred after the industrialisation of Trombay during the war.
You are reading: Chembur property market: An overview
Chembur eventually transformed from an industrial area to a residential suburb after the construction of the Township Colony, Shell Colony and Station Colony undertaken by the Bombay Housing Board. Today, Chembur is home to many more such colonies like BPCL Colony, Tata Colony, Pestom Sagar Colony, Indian Oil Nagar, HPCL Colony, etc. There are various housing projects in Chedda Nagar and Tilak Nagar too. One can find several independent houses in Chembur in combination with modern high-rises and plenty of open spaces—something that is very difficult to find in Mumbai. One of the many notable landmarks and biggest green cover area in this locality is the Bombay Presidency Golf Club. Nearby Chembur localities include numerous well-developed suburbs like Kurla, Deonar, Chunabhatti and Ghatkopar.
Connectivity with nearby Chembur localities
- The Chhatrapati Shivaji International Airport is located at a distance of 10 kilometres from the area.
[ecis2016]: Property rates & trends in Chembur, Mumbai
Employment hubs near Chembur
Read also : Over 1,100 parks developed across the country under AMRUT
Chembur is well-connected to prime business districts of Mumbai.
- The Bandra-Kurla Complex is located 7.8 kilometres away via the Chembur-Link Road.
- Andheri east, one of the many busy areas of Mumbai is located 11.7 kilometres away from the area.
- Lower Parel is at a distance of 9 kilometres via Sewri-Chembur Road.
- One of the upcoming business and IT hubs, Navi Mumbai is located 21.2 kilometres away from the region.
Chembur offers many recreational sites to its residents and has a lot of public spaces that include Gandhi Maidan, Bombay Presidency Golf Club, Ambedkar Udyan and various gymkhanas, fitness centres, swimming pools and libraries.
Over the years, the area has developed into a lively neighbourhood of Mumbai that not only offers top apartments in Chembur but also good social infrastructure. Some of the reputed schools in Chembur include St Joseph’s Convent Chamber, St Gregorios High School, etc. Apart from this, there are reputed and reliable hospitals too in Chembur like NY Children’s Hospital, ClinTech India, etc.
Price trends in Chembur
Better connectivity, development of social infrastructure and increasing demand for property in Mumbai, have enhanced the Chembur real estate market. Builders in Chembur aim at providing luxurious but affordable homes. Average size of apartments in Chembur range between 690 to 3,500 sq ft. Prices are always on a steady rise owing to its strategic location in the eastern region of Mumbai.
Read also : CPWD committee to frame design policy for building construction
Reasons to invest in Chembur
The building of the monorail and the Eastern Freeway, have significantly contributed to growth of Chembur which is one of Mumbai’s greenest suburbs. Reputed builders like Godrej, Ekta Group and Hubtown have come up with residential-cum-commercial projects in Chembur. Given its location and proximity to the city, any property investment in Chembur is assured to bring good returns in future.
Check properties in Chembur
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
