Chembur is a hot spot for
real estate investment right now and if you are looking
to buy flats in Chembur, then read this
5 “did you know facts “ about Chembur. It is always a great idea to know
about the place, its history and culture before you relocate to a new place. These
facts are significant and it will certainly help you put your money in the right locations while buying 1 BHK/2 BHK flats in Chembur, Mumbai.
So, what it is about Chembur that real estate is so excited
about?
Chembur – How the
city transformed?
Chembur is one those suburbs which have astonished one and all by its development from a small city
with industries to a stylish hub of high rise towers and luxury residential
projects. This growth can be attributed first to the industries which lead many
working class people to the area in search of residential spaces near the
working place. This significantly raised the interest of the real estate
developers and a transformation of the place started since then.
Fact 1: Mahal creek was an old
international port which played a key role in attracting lot of industries to
this region.
Road connectivity
While the Eastern Express highway and Eastern Freeway help
you connect to South Mumbai, you can ease your way to BKC through Santacruz
Chembur Link Road -SCLR. Other roads like Sion-Panvel Highway connect you to
Navi Mumbai and Thane-Belapur road to Thane.
Fact 2: The SCLR connected to Eastern
Express highway in Chembur has a double-decker flyover. This is India’s second
and Mumbai’s first such flyover.
Rail connectivity
Chembur is very strategically located suburb. This is
because it is well connected to major cities like Bandra, Andheri in the West
and Navi Mumbai in the East. The city has suburban rail, monorail makes
travelling easy and the metro line is also very near to Chembur. This has given
a boost to buying and selling of
properties in Chembur. It is close to the international
airport as well as the domestic airport.
Fact 3: Good rail connectivity to
major cities always acts as a positive multiplier effect on real estate and it
is true in case of Chembur.
Industrial colonies
People working in the industries don’t want to move out from
here because of the good infrastructure and social amenities. Some of the well-known industrial settlements where the
employees live in Chembur are:-
RCF
BPCL
HPCL
Tata colony
Indian Oil Nagar
There are numerous public spaces like Gandhi Maidan, Diamond
garden, Ambedkar Udyan, Sandu garden and
many more. The Bombay Presidency Golf Club is also located in Chembur.
Fact 4: Presence of many public
spaces in the area has given the name “Ground City” to Chembur.
Return on Investment
BARC stands for Bhabha Atomic Research Center. The nuclear
research centre‘s proximity to Chembur
was vital in promoting Chembur as a buyer-friendly
property market. This has resulted in getting higher ROI for anyone who invests
here.
Real estate In
Chembur
The continuous growth of Chembur in the social
infrastructure, road links and railways connectivity has been the prime reason
behind the rapid development the city has seen in last 10 years or so. This includes but not limited to top-level townships with luxurious amenities,
branded retail shops, malls, shopping complexes, hospitals, schools, colleges
and everyday necessities available for satisfied living.
2 BHK /3 BHK flats
for sale in Chembur west/east rules the roost. The property market in the
region is dominated by the mid segment and luxury flats. There are more than
100 residential projects in Chembur East. You can easily find 1 bhk flat for rent in Chembur East.
Fact 5: Bombay Housing Board in the
1950’s played a key role in turning Chembur into a residential hub by building
colonies at various places.
These are some of the “Did you know facts “about Chembur
which you must know to understand the city in a better way. This will ensure
that you know the history associated with the popular places in Chembur and
invest at places which are most beneficial in the future. For more details and
guidance on properties in Chembur, visit www.magicabode.com
