Chembur a promising real estate haven in Mumbai

Mumbai has traditionally been the most expensive city in India and residential real estate prices continue to be astronomical in nature. In the past couple of years, due to skyrocketing prices and a saturation of space in the city’s prime locales, there has been an outward growth in the residential real estate market, wherein property developers have been eyeing previously dormant but promising areas. One such example would be the eastern suburb of Chembur; over the past five years, residential property in Chembur has been on the rise and an increasing number of first time home buyers are looking to pick up 1 and 2 bhk flats for sale in Chembur 

Chembur is an up and coming eastern suburb that now has the advantage of better connectivity, thanks to the city’s first monorail. It also has access to over 30 open green spaces and parks – a luxury in a vertical and concrete jungle like Mumbai. 

Another reason why an increasing number of developers and buyers will be interested in moving to outer suburbs like Chembur is because of the changes caused by the Covid-19 pandemic. There is now a clear and visible move towards work from home (WFH) and most offices are now exploring some form of WFH policies for their employees, this means that buying a home that is close to the workplace is no longer a prerequisite. Young couples and nuclear families looking to own a home for long, now have the visible freedom to choose 2 bhk flats in areas like Chembur without having to worry about commuting to work everyday. 

Also, developers who are setting up residential complexes in areas like Chembur are doing so keeping in mind the amenities required by modern day home buyers. Most complexes are armed with basic facilities such as gymnasiums, swimming pools, party lounges and much more. In addition to this, residential towers are also being built in close proximity to good schools, hospitals and shopping malls. 

Hence, in the years to come, property developers and homebuyers will continue to show interest in newly constructed residential properties in areas like Chembur that hold the potential to become worthy real estate spaces.