By Mr. Harshvardhan Tibrewala, Director, Roha Realty

While the island city of Mumbai has grown both vertically and in its expanse over the last few decades, it is quite natural for parts of the city to lose some of its old world charm. Chembur, while continuing to advance like the remainder of mainland Mumbai, has somehow fared to preserve its peculiarity and appeal. Located in the central part of Mumbai, today is at the centre stage of the city’s realty development. In the present day, Chembur is transmuting rapidly into a premium housing destination of Mumbai, with industrial units, dilapidated slums, and old structures being supplanted by modern high-rise developments. Its midtown location, and easy accessibility to both the western and central lines by rail and roadways, has transformed this locality into an attractive hub for real estate developers and end-users looking to capitalize in properties. Its proximity to commercial hubs of BKC, Dadar, Lower Parel and Wadala and iconic educational institutions make this area a homeowner’s delight. Couple this with large open spaces, prohibitive property rates, and several ongoing and planned government infrastructure projects, and you have a location on the brink of becoming the next big residential and commercial hub.

Chembur’s underlying potential is setting the stage for large-scale residential developments to take off. This city junction that connects the island city from east to west has proven to be the most-wishful location due to its steady capital appreciation. Housing investment in Chembur has always offered good returns due to its location supremacy.

Chembur’s enhancing connectivity facilitates getting around the city in the nick of time

Alongside spurring residential growth, Chembur is also developing as a commercial hub due to its immediacy to the eastern freeway, eastern express highway, the monorail, and the upcoming metro-4 corridor. The area being situated along the Eastern Express Highway that opens Mumbai to the corridors of Pune and Goa, lends homebuyers the ‘Living-along-the-highway’ advantage. Chembur found acceptance with work-goers, but presently the newest entrants to this bustling district are corporate leaders keen on enjoying a ‘walk-to-work’ culture to the nearby business districts of BKC and South Mumbai. The areas proximity to BKC has further encouraged several infrastructural developments and plans. For example, the BKC-Sion connector provides direct access to BKC via the Eastern Express Highway. This will massively cut down the commute time to less than 10 minutes, for those having their work zones at BKC. This will confidently boost the commercial and residential markets in the region. Mumbai’s growing work force which mostly resides in Chembur, will get connected well with the BKC-EEH Bridge which will further link BKC to South Mumbai. Chembur’s seamless connectivity with the city will certainly witness a rise in large real estate developments.

Infrastructure Improvements unlocking Chembur’s real estate potential: Infrastructure growth and connectivity are the need-of-the-hour and Chembur has been inching towards it gradually. The opening of BKC- Chunabhatti Flyover has changed the contour of Chembur’s realty skyline. The flyover that originates from G Block, near MMRDA Building, in BKC, and culminates near Somaiya Grounds at Eastern Express Highway (EEH) has spelt positive implications for the areas housing markets. This infra set-up is anticipated to have a significant impact, improving connectivity and lessening commute time for those residing in Chembur.

Upcoming real estate expansion that will revolutionize the areas realty markets: The six-lane elevated Sion-Panvel highway is another step towards combatting congestion in this district. The area being positioned in close proximity to Chembur-Wadala monorail will also enhance transport linkages in this belt. Further infrastructure set-ups that boost connectivity to this high growth corridor are Santacruz-Chembur Link Road (SCLR) and Anik Panjarpol Link Road Tunnel. The upcoming Mumbai Trans-Harbour Link, Goregaon Mulund Link Road, Vikhroli-Koparkhairane Link Road and the upcoming Metro Line 4 (WADALA – KASARVADAVALI) have further spurred the interest of investors who are keen on exploring this well-planned development.

Planned social infrastructure facilities making the area a realty hotspot: Social infrastructure facilities like healthcare, education and retail lends the areas an edge over its competitors. The area is bustling with reputed educational institutes like and well-known hospitals. In addition, the up-market restaurants, malls and movie halls, further encourages large-scale residential developments here.

Given the attributes of Chembur’s constantly evolving infrastructure, juxtaposition to business hubs generating employment opportunities, steady rise in property rates and above all great appreciation value, it certainly can be said that the area is all set to top the real estate charts aiming to become an investment worthy city by 2025.