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Flats Under 1 Crore for sale in Off Choitram Gidwani Road, Chembur, Mumbai
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About Properties In Off Choitram Gidwani Road, Chembur, Mumbai for Sale
Overview of Chembur
- Chembur is one of the emerging sublime residential destinations in Mumbai.
- Chembur comes under Mumbai, 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 Mumbai as it offers well-established residences, modern amenities, excellent connectivity, and green areas. It may not be as rich as areas of South Mumbai, 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 Mumbai.
- 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 Mumbai.
- 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 Mumbai 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 Mumbai 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 Mumbai.
- 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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