{"id":2882,"date":"2021-09-04T18:56:14","date_gmt":"2021-09-04T18:56:14","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=2882"},"modified":"2021-09-04T18:56:19","modified_gmt":"2021-09-04T18:56:19","slug":"chembur-property-market-an-overview","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/","title":{"rendered":"Chembur property market: an overview"},"content":{"rendered":"\n<p><em><a href=\"https:\/\/www.propertypistol.com\/blog\/chembur-is-the-preferred-location-for-homebuyers\/\">Chembur <\/a>is located in the suburbs of Eastern Mumbai that is now a residential hub. It is approximately 15 km from Mumbai\u2019s city center. Besides being an industrial hub for several years, <a href=\"https:\/\/propertypistol.com\/mumbai\/buy\/flats-for-sale-in-chembur\">Chembur<\/a> has also hosted thousands of refugees during the partition after it was merged with Greater Bombay during the land reclamation project.<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/#Chembur_market_an_overview\" title=\"Chembur market: an overview\">Chembur market: an overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/#What_makes_chembur_a_residential_real_estate_haven\" title=\"What makes chembur a residential real estate haven?\">What makes chembur a residential real estate haven?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/#Highlights\" title=\"Highlights\">Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/#New_real_estate_developments_in_Chembur\" title=\"New real estate developments in Chembur\">New real estate developments in Chembur<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/#Chembur_micro_market_a_rising_real_estate_hub\" title=\"Chembur micro market: a rising real estate hub\">Chembur micro market: a rising real estate hub<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chembur_market_an_overview\"><\/span><strong>Chembur market: an overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Today, Chembur is home to multiple residential colonies like Tata, BPCL, Indian Oil, and HPCL colonies. Chembur property market includes both high rise and independent housing, including 1BHK, 2BHK, and 3BHK.&nbsp;<\/p>\n\n\n\n<p>While flats in Chembur have a similar aesthetic to Mumbai housing, the place has multiple open spaces. Bombay Presidency Golf Club is a notable landmark and green cover area in Chembur locality. Nearby localities of Chembur are <a href=\"https:\/\/propertypistol.com\/mumbai\/buy\/flats-for-sale-in-kurla\">Kurla<\/a>, Deonar, Ghatkopar, and Chunabhatti.<\/p>\n\n\n\n<p>The Chhatrapati Shivaji International Airport is also conveniently located within a 10 km distance.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_makes_chembur_a_residential_real_estate_haven\"><\/span><strong>What makes chembur a residential real estate haven?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Chembur is a well-developed real estate market in Mumbai with excellent road and rail connectivity and other amenities. It is also in proximity to busy workplaces like Bandra-Kurla Complex (BKC), Trombay, Andheri East, and <a href=\"https:\/\/propertypistol.com\/mumbai\/buy\/flats-for-sale-in-lower-parel\">Lower Parel<\/a>.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlights\"><\/span><strong>Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The following are highlights of the Chembur real estate market:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Established social and residential infrastructure<\/li><li>Key residential real estate hub in Mumbai suburbs<\/li><li>Good connectivity to amenities like hospitals, schools, and open spaces<\/li><li>Retail hubs nearby &#8211; Carnival IMAX Multiplex, Phoenix Market City, and Cubic Mall<\/li><li>Connectivity through Santacruz-Chembur Link Road, Mumbai Monorail Line-I, Eastern Express Highway, Metro, SCLR and Eastern Freeway<\/li><\/ul>\n\n\n\n<p>With continuous real estate developments, Chembur added 16,120 units alone from 2013 to 2019. Despite being a micro-market, Chembur is thriving with continuously increased demand for<strong> 1BHK, 2BHK, <\/strong>and <strong>3BHK properties.<\/strong><\/p>\n\n\n\n<p>Chembur is constantly witnessing a rise in the real estate demand due to growing IT\/ITes and business hubs. For residential real estate, the micro-market of Chembur received high demand for 650-900 square feet for <strong>2BHK<\/strong> and 1000-1500 square feet for <strong>3BHK <\/strong>configurations. These properties are suggestively worth more than INR 1 crore.<\/p>\n\n\n\n<p>Besides, the rental value of similar properties is also higher than many places in Mumbai. For instance, a 2BHK flat in Chembur near Basant Garden may cost up to <strong>INR 45,000 per month<\/strong>. a 1BHK flat in the same locality may cost up to INR 30,000.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_real_estate_developments_in_Chembur\"><\/span><strong>New real estate developments in Chembur<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>After introducing the MahaRERA Act, strings were pulled on the misleading advertisements from developers that effectively helped overcome many roadblocks of property buyers. The recent emergence of famous <a href=\"https:\/\/propertypistol.com\/builder-service\">real estate developers<\/a> like Godrej properties, Poddar developers, and Spenta and Sabari group also pushes this micro-market towards better growth.&nbsp;<\/p>\n\n\n\n<p><strong>Some of the residential real estate projects coming up in Chembur are:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Godrej Prime: 1BHK, 2BHK, 3BHK (possession expected &#8211; May 2022)<\/li><li>Poddar Spraha Diamond: 1BHK, 2BHK, 3BHK (possession expected &#8211; June 2021)<\/li><li>Alta Vista: 1BHK, 2BHK, 3BHK (possession expected &#8211; immediate)<\/li><li>Purva Clermont: 2BHK, 3BHK, 4BHK (possession expected &#8211; Nov 2026)<\/li><li>71 Midtown: 1BHK, 2BHK, 3BHK (possession expected &#8211; May 2024)<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chembur_micro_market_a_rising_real_estate_hub\"><\/span><strong>Chembur micro market: a rising real estate hub<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Chembur developments are progressing at an unprecedented speed, socially and culturally. Besides being a residential hub, it is also slowly transforming its commercial landscape.<\/p>\n\n\n\n<p>The state-of-the-art residential complexes, easy access to essential amenities, and growing IT\/ITeS hubs make Chembur a perfect micro-market that eyes only growth. It has undergone multiple metamorphoses for an infrastructural revamp.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chembur is located in the suburbs of Eastern Mumbai that is now a residential hub. It is approximately 15 km from Mumbai\u2019s city center. Besides being an industrial hub for several years, Chembur has also hosted thousands of refugees during the partition after it was merged with Greater Bombay during the land reclamation project.<\/p>\n","protected":false},"author":2,"featured_media":2912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[175],"class_list":["post-2882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-locality-overview","tag-chembur","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chembur property market: an overview - PropertyPistol Blog<\/title>\n<meta name=\"description\" content=\"An overview of Chembur property market Or Chembur real estate sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chembur property market: an overview - PropertyPistol Blog\" \/>\n<meta property=\"og:description\" content=\"An overview of Chembur property market Or Chembur real estate sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertypistol.com\/blog\/chembur-property-market-an-overview\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Sector Latest News, Updates &amp; 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