When we say invest in Chembur with a long-term vision, it hints at an even better ROI than this already most sought-after location is offering right now. Before we move on to the future developments that will propel Chembur to all new heights, let’s first take a look at what makes Chembur so popular among home-buyers.
A few interesting facts to start with –
Chembur is the leading suburb when it comes to sports clubs. It has Chembur Gymkhana, Sindhi Society Gymkhana, Acres Club, Chedda Nagar Gymkhana, BPCL sports club, BARC Sports Club, RCF Sports Club and Bombay Presidency Golf Club
The Santa Cruz–Chembur Link Road is Mumbai’s first and India’s second double-decker flyover.
Chembur is home to 4 film studios - RK Studio, Essel Studios, Asha Studios, Basant Studios. Sadly, only the first 2 are operational.
Chembur has an array of public spaces such as Gandhi Maidan, Annabhau Sathe Garden, Diamond Garden, Ambedkar Udyan, Sandu Garden, Tilak Nagar grounds and Jawahar Grounds.
Advantage Chembur -
Proximity to commercial hubs: This is one parameter that has always played a significant role in the price appreciation of residential properties. Chembur too is not an exception. Its proximity to Bandra-Kurla Complex and Lower Parel has been one of the most important reasons for its steady price appreciation in the recent years.
Connectivity: Talk about Chembur and connectivity has to be a part of that conversation. Being centrally located, Chembur offers excellent connectivity to Mumbai’s prime destinations. In addition, the Mumbai International Airport is just 10 Km from Chembur, which further enhances the importance of this location by a huge margin.
Convenience: In a busy city like Mumbai where convenience is of prime importance, Chembur doesn’t disappoint you at all. It is home to renowned schools, malls, multiplexes and hospitals, ensuring a hassle-free lifestyle.
Price appreciation: The real estate prices in Chembur have increased from a saleable price of Rs 9,000 per sq. ft. in 2007 to Rs 18000-Rs 19000 per sq. ft. in 2017, indicating a rising demand for residential spaces. Now let’s take a look at the future developments that will further add value to this extraordinary location.
A proposed 1.6-km flyover, from BKC to Chunabhatti, could reduce the time taken to commute between Chembur and BKC by almost 20 minutes.
Sion-Panvel highway, which connects the area to Navi Mumbai and the new proposed airport will prove to be the major reasons for Chembur’s rapid price appreciation in the near future.
These and many more reasons make Chembur an investment hotspot. If you too wish to cash-in on this golden opportunity and want to own a home here, take a look at Stella Sapphire. The development of 2 BHK & 3 BHK flats Stella Sapphire offers more usable space, thoughtful features and more value for money.
BACK 20, July 2018