Properties in Chembur East Mumbai

Chembur(East) is a sub-city of Mumbai and an important real estate market in India. As per the recent analysis by Makaan.com Property Price Trends, per square feet (psf) price for renting a property in Chembur(East) is Rs 31.15/- On further analysis the following trends can be observed

Chembur(East) is a sub-city of Mumbai and an important real estate market in India. As per the recent analysis by Makaan.com Property Price Trends, per square feet (psf) price for buying a property in Chembur(East) is Rs 13587/-

Mumbai is an expensive city wherein purchasing a property is a difficult task. Thus, the rental market in Mumbai enjoys great scope. Moreover, the infrastructural projects such as the Mumbai Coastal Road, Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport will further increase the demand for rental housing in Mumbai. PropGuide lists the top five localities in Mumbai that have witnessed an increase in the rental rates over the period ranging from January 2016 to November 2016.

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

After missing many deadlines, Phase-II of the Mumbai Monorail will be operational soon. The route, which was slated to get operational in December 2017, got delayed due to shortcomings found in the safety parameters. While Phase-I operations are still suspended after the fire broke in two coaches of the Monorail rake in November last, the state government has shelved all Monorail projects that were proposed in the metropolitan region (MMR) due to financial reasons.