Mumbai’s vibrant and competitive real estate market evolved significantly over the past few decades influenced by factors such as population density, infrastructure development, government policy initiatives and positive investor sentiments. As the development spread rapidly from the core areas to the peripheral areas, it changed the face of the existing real estate within the city. Chembur, located on the eastern part of Mumbai, is one such noteworthy example of rapid evolution in recent times.
Traditionally, Chembur evolved as an organic extension of the Island Mumbai with affluent population looking at individual Bungalows, large tracts of green pockets with easy connectivity to main Island city and other parts of Mumbai. Today, the completion of recent infrastructure initiatives augmenting its connectivity and burgeoning real estate demand has led to Chembur becoming a most sought-after destination for residential projects. The advantage of having relatively affordable price points compared to other established residential destinations has added to its attractiveness.