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Flats Under 1 Crore for sale in PL Lokhande Marg Chembur, Mumbai
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About Properties In PL Lokhande Marg, Chembur, Mumbai for Sale
Overview of Chembur
- Chembur is one of the emerging sublime residential destinations in .
- Chembur comes under specifically in the eastern part of the city. It is well-connected to all major parts of the city through easily available transit options. This makes it one of the desirable localities, especially for working professionals.
- Once an industrial base, Chembur is transformed into a hotspot of stunning skyscrapers.
- Several industrial land parcels and slum developments are diverted to residential developments and redevelopments.
- Chembur can be considered a posh area in as it offers well-established residences, modern amenities, excellent connectivity, and green areas. It may not be as rich as areas of South but Chembur houses several celebrities, experiences consistent price appreciation, and is a promising real estate investment locality.
- The centralised location of Chembur keeps it close to major commercial hubs in .
- Moreover, it has excellent BEST bus services throughout the city, enabling smooth access.
- The pin code of Chembur is - 400071.
Chembur Residential Market Insights
- Chembur is one of the attractive residential micro-markets in the South Central Zone of .
- This locality comprises premium to ultra-luxury apartments and bungalows.
- Chembur supplies a huge inventory of 2 BHK and 3 BHK premium apartments.
- Numerous Grade A developers have their projects in this locality.
- The average property rate in Chembur is around ₹ 30,000 per sq. ft.
- The homebuyers in Chembur mostly prefer apartments within the range of ₹ 50 Lakhs - ₹ 1.5 Crore.
- Apartments in top projects are priced from ₹ 70 Lakhs to ₹ 12 Crores, based on the project type, carpet area, and location.
- The average price of a flat in Chembur of 1 BHK can be anywhere from 98 lakh to 1.10 crore.
- The cost of 2 BHK in Chembur can range between ₹ 1.07 crore - ₹ 3.99 crore.
- The price of 3 BHK in Chembur can range between 2.04 crore - 7 crore.
- The price of 4 BHK apartment in Chembur can start from ₹ 3.40 crore - ₹ 10.80 crore.
Connectivity and Transport In Chembur
- The strategic location of Chembur keeps it at the centrepoint of the transport network.
- Chembur railway station is the key source of connectivity across the harbour line.
- The monorail connectivity makes the commercial areas of Lower Parel and Dadar accessible.
- The Eastern Freeway provides quick connectivity to the Atal Setu, reducing travelling time to Pune.
- The Eastern Express Highway is close to Chembur.
- The Santacruz Chembur Link Road provides connectivity to the Western Suburbs.
- The Chhatrapati Shivaji Maharaj International Airport is within an hour’s reach.
Social Infrastructure In Chembur
- Chembur has the best educational, health, recreational, and entertainment landmarks.
- JBCN International School, The Green Acres Academy and St. Gregorios High School are a few reputed schools in this locality.
- It also hosts top medical institutes, such as Zen Multispeciality Hospital, Inlaks General Hospital, Apollo Spectra Hospitals, Surya Hospital, etc.
- The Bombay Presidency Golf Club, The Acres Club, Cubic Mall and K Star Mall are the top recreational spots.
- Chembur also presents a range of the finest eateries and restaurants in the prime areas
Employment Opportunities In Chembur
- Chembur has various industrial and commercial landmarks hosting FMCGs, advertising, and pharmaceutical companies.
- Bandra Kurla Complex is within the proximity of Chembur and can be reached in a few minutes.
- The commercial areas of Wadala, Dadar and Parel are easy to access via the monorail.
- Chembur’s proximity to the commercial areas of Navi is an added advantage.
Lifestyle In Chembur
- Chembur offers a lively lifestyle and every necessary facility in the vicinity.
- Chembur is famous for various things such as well-planned residential communities, pleasant green environment, cultural diversity, and historic significance. Chembur is also known for a welcoming atmosphere with a blend of traditional values and modern convenience, offering a quality living experience.
- It houses majorly premium and high-end gated communities.
- Chembur offers some of the finest restaurant chains such as the Arabian Darbar, Sadguru, Chembur Social, and Maharana Kamath.
- This locality has a well-laid neighbourhood with top-notch social and civic facilities
Safety and Security In Chembur
- Chembur is a hospitable and serene locality to reside in.
- The entire locality and its neighbourhood offer the utmost safety and comfort.
- Every strategic area in Chembur is under CCTV surveillance.
- It has excellent accessibility and a healthier environment.
Development and Future Prospects In Chembur
- Chembur has an exceptional network of monorail and arterial roads.
- The Line 2 B of Metro will have its station at Chembur.
- The Sewri - Worli Elevated Corridor will upgrade the connectivity in Chembur and its peripherals.
- There is a rapid redevelopment of industrial lands and dilapidated settlements in Chembur.
- Road widening works are ongoing in the majority of areas in Chembur.
Cultural and Community In Chembur
- Chembur is one of the finest localities in the Central zone of .
- It comprises some of the sophisticated housing societies and residents.
- This locality comprises numerous communities and ethnicities.
- Shri Siddhivinayak Temple, Radhe Krishna Temple, Sion Fort, Diamond Garden and more are well-known cultural places in and around Chembur.
Environmental Factors In Chembur
- Chembur is a lively locality with a cleaner environment.
- It consists of extensive green spaces and popular gardens.
- Diamond Garden is one of the oldest and most famous gardens in Chembur.
- The air quality is relatively healthier with lower noise levels.
Flat Configuration In Chembur
- Chembur offers varied configurations ranging from 1 BHK - 2 BHK apartments.
- 1 BHK and 2 BHK apartments are the most supplied housing units.
- Homebuyers and tenants mostly prefer 2 BHK apartments with a large carpet area.
- The 3 BHK housing units come under the high-end segment in Chembur.
Property Price Growth In Chembur
- The property prices in Chembur have been stable for a year.
- With ongoing developments and metro connectivity, property prices are poised to rise in the coming time.
- In the last five years, the property rates in Chembur grew by 10%.
- The rental yields increased by 3% in a year, due to its closeness with the commercial areas.
- The price of a 1 BHK apartment in Chembur ranges from ₹ 60 Lakhs onwards
- The price of a 2 BHK apartment in Chembur ranges from ₹ 1.2 Crores onwards.
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