Mumbai's real estate landscape has evolved significantly, driven by factors like population growth, infrastructure expansion, and governmental policies. The Cushman & Wakefield's report on Chembur, mentions this micro market having emerged as one of the most sought-after residential hubs in eastern Mumbai. Chembur's residential real estate market has evolved from a mid-end to a premium category. In 2023, Chembur witnessed 10% of the total supply among the eastern suburb markets and 27% supply among the adjoining markets (i.e., Chembur, Ghatkopar, Kurla, Vidyavihar, Deonar, Tilaknagar and Sion). Chembur has also recorded a significant price appreciation, resulting in narrowing of the pricing gap between the established markets like Bandra, Worli, Dadar, Mahalaxmi and Lower Parel.
Live updates on Delhi Lok Sabha Elections 2024. Get the latest news on polling in seven constituencies, voter turnout, AAP, BJP, and Indian Alliance candidates. Stay informed with the Election Commission's updates.