Once an industrial suburb of Mumbai, Chembur is now fueling real estate and infrastructure development. Chembur is an old suburb of Mumbai, situated north of Trombay and south of Kurla, the history dates back to the partition era of India’s independence when many refugee camps were established here. It is now right in the middle of Mumbai, geographically. The real estate market trend that stands out in major urban cities is undergoing considerable change in the last decade and a half. Chembur’s upcoming residential projects are located primarily on smaller parcels due to the unavailability of land. But a lot of land is being redeveloped and some projects are using that huge space to their advantage. We also saw development in groups of different future projects in the same area.

Chembur is very well connected to South, Old and Navi Mumbai and other suburbs around Mumbai by excellent road connectivity. Kurla and Lokamanya Tilak are the prominent railway junctions near Chembur, otherwise the town is very well connected by auto rickshaws, buses, taxis, etc. Dayanand Saraswati Marg, VN Purav Marg, RC Marg, Station Avenue Road, Eastern Express Highway and Sion Panvel Highway are some of the road arteries in Chembur. Chembur is a road transit point for people traveling to Pune using the Mumbai-Pune Expressway or the Mumbai-Pune Expressway. The Eastern Expressway provides quick access to South Mumbai via a 13 km long elevated expressway. The Santa Cruz-Chembur Link Highway (SCLR) connects Chembur with Santa Cruz.

Real estate development along the Autopista del Este has increased significantly in recent years. Reducing travel time to South Mumbai has created demand for commercial and residential property and house prices in places like Chembur. Property values ​​in Chembur have increased by approximately 28 to 30 percent in the last two years. This created a lot of market for rental properties in Chembur. As property values ​​have continued to rise, the rental market has also risen proportionately and with so many new developments to come, it is only being added to the inventory list. Housing supply in this area has been growing at a rate of around 10 per cent for the past four years, and now accounts for about 18 per cent of Mumbai’s total housing stock. With the growing residential activity, retailer interest in the market has also understandably increased, leading to the development of large-scale organized retailing in the region.

This further attracts more jobs and more people move to this location in search of property. Rent for 250sqft, 1BHK is approximately Rs.9000 per month, a 350sqft unit can be rented for Rs.10,000 per month. There are also semi furnished and fully furnished apartments. However, semi-furnished can often mean that the property is sparsely furnished. Renters have used their discretion to decide on the right property in this vast real estate market. Estate agents say that with increased connectivity, there are more inquiries about properties in Chembur. The increase in rental properties in the Chembur market has been noted at about 3% in recent years.