The real estate market in Chembur East is rapidly evolving with new developments and projects. Chembur East, which was once known as an industrial zone, has transformed into a thriving residential area, attracting home buyers and investors alike. The market dynamics of the region have changed massively in the last few years, and it is interesting to analyze the factors contributing to this evolution. This article dives deeper into the various aspects of the real estate market in Chembur East and areas like Subash Nagar and Tilak Nagar. We also learn how these will shape up for the future and lead to a more flourishing real estate market. So, if you are planning on buying a 3 BHK flat in Tilak Nagar Chembur, you might want to read this:
Increase in Residential Projects
The growing demand for housing in Mumbai has led to an upsurge in the number of residential projects in Chembur East. As a result, this location has become one of the most sought-after destinations for both home buyers and investors. With its convenient location and excellent infrastructure, the real estate market in Chembur East has witnessed significant growth in recent years.
The recent emergence of famous real estates developers like Godrej Properties, Poddar Developers, and Spenta and Sabari Group has also contributed significantly to the growth of the real estate market in Chembur East. Their entry into this micro-market has brought about a surge in the number of premium residential projects and world-class amenities, making Chembur East an even more attractive destination for homebuyers and investors.
Chembur boasts excellent connectivity to various parts of Mumbai through the Eastern Express Highway, while Thane is also well connected. The Eastern Freeway facilitates easy to travel to South Mumbai, while the Santacruz-Chembur Link Road provides access to BKC and commercial zones throughout Mumbai’s western suburbs.
Additionally, the Sion-Panvel Highway ensures excellent connectivity to Navi Mumbai and commercial hubs located along the Thane-Belapur Road. The Harbour line has a railway station in Chembur, connecting it to Panvel and CST. The monorail provides connectivity to Wadala, with plans to extend to Jacob Circle in South Mumbai in the future, while the metro railway line between Ghatkopar-Versova-Andheri is also easily accessible from Chembur. With such impressive connectivity, Chembur is becoming an increasingly desirable location for real estate investment.
Rise in Property Prices
Chembur East has become a highly sought-after location in Mumbai due to its excellent connectivity, good infrastructure, and proximity to commercial hubs. With the rise in demand for residential properties in areas like Subash Nagar and Tilak Nagar, property prices in Chembur have seen a significant surge over the past few years. According to recent reports, property prices in Chembur have increased by 2.75% year-on-year, which is a promising trend for those looking to invest in the real estate market of this area. This has made Chembur a lucrative investment option for homebuyers and investors alike.
Overall, the real estate market in Chembur East has witnessed a significant transformation over the past few years. With the growth of infrastructure, commercial development, and improved connectivity, Chembur East has emerged as a prime residential destination in Mumbai. The emergence of renowned real estate developers has also boosted the growth of this micro-market and made it easier for people to locate a good 3 BHK flat in Tilak Nagar Chembur. The rise in property prices in recent years has made it an attractive investment option for investors. With a promising future, the real estate market of Chembur East is evolving towards becoming one of the most sought-after real estate destinations in Mumbai!