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.
Mumbai: Multiple Political Rallies And IPL Match Add To Traffic Woes At Several Places In City freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.