Chembur, a tranquil oasis amidst the bustling metropolis of Mumbai, is quietly emerging as a prime residential destination. Unlike other densely packed areas, this quiet suburb boasts a unique characteristic – limited land availability.
The large land holdings of the Bhabha Atomic Research Centre (BARC) and the Bombay Presidency Golf Club have historically restricted real estate development in the area. However, this very constraint is now transforming Chembur into a coveted residential destination; the suburb is destined to remain a haven of serenity, with a lower population density compared to its counterparts.
Chembur’s limited land parcel has led to a fascinating dynamic.
With limited space to expand, and a height restriction that has been imposed given the site elevation, this locality has witnessed a controlled rise in density, ensuring a more spacious and uncrowded living environment compared to Mumbai’s other dense neighbourhoods. This inherent characteristic, combined with the prestige of iconic landmarks, vibrant culture and cosmopolitan population, has made Chembur a desirable location. Property prices reflect this value proposition, with per-square-foot rates recently reaching a remarkable Rs. 45,000 per sq.ft.
This desirability is further bolstered by Chembur’s excellent connectivity. The Eastern Express Highway, the Santacruz-Chembur Link Road, and the Monorail network along with the upcoming metro connectivity, trans-harbour link and airport connectivity ensure seamless access to various parts of the city. Additionally, the presence of renowned schools, healthcare facilities, shopping avenues and recreational avenues makes Chembur an ideal location for families and professionals alike.
Chembur offers a serene, well-connected neighbourhood with a distinct sense of exclusivity, justifying its premium price point.
A Coveted Address in the Making, Backed by Real Estate Giants
Recognizing this potential, A-list developers are increasingly setting their sights on Chembur, particularly Chembur East. Large land parcels are being acquired, paving the way for the creation of premium residential projects. This influx of renowned developers is a strong indicator of Chembur’s transformation into a coveted residential address.
The entry of these A list players also ensures that the projects and the locality will be systematically planned and in a sustainable way that will ensure that the locality maintains it’s inherent nature of being a comparatively less dense area.
Chembur has seen a 25% rise in luxury housing projects in the last five years, fuelled by an influx of high-income residents seeking a luxurious lifestyle. The suburb has also seen a 50% surge in mixed-use developments over the past three years. These developments cater to the residents’ desire to live closer to work.
Chembur East: A rare opportunity that offers a luxury lifestyle amidst a tranquil setting.
Unlike the intense energy of many suburbs, Chembur offers a sanctuary for the soul. Streets shaded by lush trees, meticulously tended gardens, and a captivating community – all combine to form the perfect haven to unwind after a demanding day.
Beyond the serene streets, Chembur pulsates with life – a vibrant food scene that tantalizes every taste bud, a rich cultural heritage whispering tales of the past, and a thriving art community that ignites the imagination. This peaceful destination is a place where residents can truly immerse themselves in the ever-evolving legacy of Chembur.
In Conclusion
Chembur stands poised for an exciting future. The limited land availability, the controlled density, and the arrival of A-list developers paint a clear picture: Chembur is transforming into a premium residential haven, offering a unique blend of exclusivity, convenience, and a coveted address.
Chembur’s charm lies in its unique urban footprint. Unlike many other suburbs, its development has been thoughtfully contained, guaranteeing a lasting sense of spaciousness and tranquillity. This, coupled with the arrival of established real estate brands amplifies the rising confidence in Chembur’s position as a premier residential destination.