The History of Real Estate in Chembur

Before its ascension into the Greater Mumbai Metropolitan Region, Chembur was a scenic location caressed by the backwaters of the Arabian Sea, with rolling hills and paddy fields. The growth of Chembur from the early 1900s is inextricably linked with the history of Mumbai, and today the suburb is a prime location of the city.

Continue reading to know more about the history of real estate in Chembur.

The birth of Chembur

During the 1920s, the colonial government – in an effort to encourage people to move to Chembur - allotted free-hold plots of approximately 600 sq.ft which were sold for as little as two annas (about 12 paise). The move was an unprecedented success and a large number of people moved to the suburb.

Chembur post Indian independence

Chembur was made a part of the Greater Mumbai Metropolitan Region in 1945. Following independence, Chembur was the site of camps that were used to resettle refugees after the partition. This put Chembur on the map, and resulted in its rapid industrialization.

Development of Chembur as a residential hub

In the 1950s Chembur became a residential suburb post the development of Subhash Nagar, Sahakar Nagar and Tilak Nagar. These three housing colonies transformed the suburb, making it popular among people who worked in Kurla, Deonar, Mahul, Govandi and Ghatkopar.

Real estate in Chembur today

Over the last two decades, Chembur has become a thriving suburb in the eastern part of Mumbai. It has excellent connectivity to Lower Parel and Navi Mumbai via the Eastern Express Highway and the SantaCruz-Chembur Link Road, as well as mono-rail line and metro. According to research by Knight Frank, Chembur is expected to experience value appreciation of nearly 133% in the next 5 years.

Are you looking for a residential property to call Chembur your home?

Altavista in Chembur is a gated community that utilizes the old world charm of this central suburb in Mumbai with modern amenities like a club house, terrace walk and majestic entrance lobbies. To know more about the homes for sale in Altavista, Click here