The Indian real estate industry is changing and growing rapidly with the advancements in technology. It has witnessed a transformation from advancement in the construction technique to how the homes are configured, to the way digital media and technology has been utilised in this presumably ‘old fashioned industry’. Along with these changes in the industry, one thing has prominently gone throw a variation and that is in the way home buyers look at the process of buying homes and the real estate industry in general. Due to the implementation of acts like RERA and GST customers have developed a sense of reliability towards the developers, but their preferences while buying a home has also changed. Today, homebuyers give priority to factors like proximity to workplace, price appreciation, sustainability towards the environment, connectivity through rail as well as road and other such things. Now, buying a home in the maximum city is not always possible due to the factors of availability and affordability. Hence, the Mumbai suburbs have seen a lot of popularity in homebuyers and investors in the past decade. One such suburb is Chembur, the real estate in Chembur has grown rapidly with the increasing demand.
Chembur, located in the southeastern part of Mumbai has become a residential hotspot. With its proximity to suburbs like Kurla, Deonar, Mahul, Govandi, Chunabhatti and Ghatkopar, it is a major industrial hub which has facilitated the growth of residential projects in Chembur.
Some of the reasons that make this suburban locality a favourite are –
Rail & Road Connectivity:
The Monorail route connects the eastern part of Chembur to Jacob Circle in the south of the city while passing through some of the key property markets of Mumbai. It is already linked to the Harbour railway line. The upcoming Metro Line 2A will run between Dahisar and Mandala while passing through the locality.
While for road connectivity, the Eastern Express Highway and the Lal Bahadur Shastri Marg (LBS) Marg link Chembur with prime business centres in the city such as the Bandra-Kurla Complex (BKC).
The multi-purpose connectivity helps make the life of the residents of Chembur easier and efficient.
Chembur provides numerous schools, hospitals, clubs, gymkhanas, shopping malls, public gardens and other civic amenities in and around the region. The popular Chembur market is the place for multi-product stores and restaurants. Top educational institutes like St. Gregorios High School, Daan Special School, St. Joseph’s Convent Chamber, Sadhu High School and Mahatma Education Society’s Lai’s Group of Institution have made given momentum to real estate projects in Chembur.
Industrial & Employment Hub:
Major industrial players like Petroleum Corporation Limited, Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Limited, The Tata Power Company Limited, Rashtriya Chemical & Fertilizers Limited and Tata Institute of Social Sciences, are located in Chembur. It is also well connected to Bandra-Kurla Complex, Andheri East, Lower Parel, Navi Mumbai and the upcoming business and IT hubs in Mumbai. Despite this, it is a green suburb which attracts a lot of professionals.
It hosts varied community people like Sindhis, Maharashtrians and South Indians. Chembur boasts of modern and cosmopolitan culture while providing a range of tastes and preferences. This feature has given one more reason for homebuyers to buy flats in Chembur.
Promising Price Trends:
Chembur is a locality that is not only advanced with industrial and infrastructural development but has green surroundings and a favourable environment. With plush as well as affordable areas, it has the best offers for people with every budget.
It is no wonder why Chembur has become an enticing residential location and projects like Altavista offer thoughtfully designed 1, 2 & 3 BHKs homes that cater to the best of the amenities and lifestyle to their residents.