Godrej Properties Chembur The Iconic Raj Kapoor’s Bungalow

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Location: Chembur, Deonar Farm Road
Price: On Request

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Godrej Properties Limited has made an undisclosed acquisition of the Chembur bungalow that once belonged to the legendary Bollywood actor Raj Kapoor. This acquisition paves the way for the development of an upscale residential project.

The bungalow, nestled on Deonar Farm Road in Chembur, Mumbai, adjacent to the Tata Institute of Social Sciences (TISS), is acknowledged as one of Chembur's most exclusive residential neighborhoods.

Randhir Kapoor, the eldest son of Raj Kapoor and the father of renowned actors Karishma Kapoor and Kareena Kapoor, expressed, "This residential property in Chembur holds profound emotional and historical significance for our family. We are delighted to collaborate once again with Godrej Properties to embark on the next phase of development for this cherished location.

Gaurav Pandey, the Managing Director and CEO of Godrej Properties, added, "We are thrilled to welcome this iconic project into our portfolio and extend our gratitude to the Kapoor family for entrusting us with this opportunity. The demand for premium developments has consistently grown in recent years. This project provides us with a chance to further solidify our presence in Chembur. Our aim is to create an exceptional residential community that not only offers long-term value to its residents but also pays homage to the site's storied legacy.

Source: Business Today

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Godrej Chembur: A locality offering luxurious living in Mumbai

Chembur, an affluent locality in Mumbai, offers the perfect residential combination of convenience and luxury. As a prime residential cum commercial area, Chembur is a treat for those seeking the finest in city living. Situated near Chembur Gaothan, Chembur East, and Subhash Nagar, this area offers housing options to cater to every budget.

Chembur's strategic location is a standout feature, with excellent connectivity to key Mumbai districts via the Eastern Express Highway, Eastern Freeway, and Mumbai-Pune Highway. This accessibility makes it attractive for professionals working in bustling business hubs like BKC and Lower Parel.

Godrej Properties, a renowned real estate company, has firmly established its presence in Chembur with remarkable projects like Godrej Prime and Godrej Central. These projects offer luxury and modern living. Godrej Properties brings the same standards of excellence to Chembur, making it a trusted name in the real estate industry.

Now, Godrej Properties is all set to commence the next chapter of development for this treasured location featuring Raj Kapoor's Bungalow. Inquire today for exclusive pre-launch offers.

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Chembur real estate landscape

With its strategic connectivity and robust infrastructure, Chembur is an enticing destination for real estate. Chembur offers a broad spectrum of properties, ranging from affordable to premium, appealing to a diverse range of homebuyers and investors. The area boasts a well-developed social and retail infrastructure, with renowned schools like St Gregorious High School, colleges such as Shah & Anchor Kutchhi Engineering College, hospitals like Apollo Spectra Hospital, and prominent malls like K Star Mall. It's also a hub of employment opportunities, with proximity to the Trombay Industrial Area and Tata Power Thermal Power Plant.

Chembur residents have rated the locality highly, giving it a connectivity rating of 4.3/5 and a safety rating of 4.2/5. The excellent transport network via Govandi railway station, bus depots, and metro stations ensures seamless access to the city's major landmarks. As the real estate market thrives, Chembur's prospects look promising, making it an ideal choice for homebuyers and investors.

The locality has witnessed a remarkable upward trend in property rates, with an average price of ₹31,100 per square foot, marking an impressive year-on-year growth of 13.1%. Notable factors contributing to Chembur's thriving real estate market include its excellent connectivity, featuring the Chembur Railway Station and the Chembur Metro Station, slated to enhance accessibility in 2020.

Investing in Chembur Mumbai: A wise choice

Chembur, Mumbai, is an exceptional destination for real estate investments, offering convenience and potential. A strong foundation of connectivity, infrastructure, and social amenities underpins the locality's promising real estate market. As a thriving residential cum commercial hub, Chembur is drawing the attention of both homebuyers and investors.

Category

Nearby facilities in Chembur, Mumbai

Connectivity

Chembur Railway Station, Mumbai Monorail, and well-connected road networks

Employment hubs

Proximity to the bustling Bandra Kurla Complex (BKC) and local industrial estates

Tourist attractions

Access to popular tourist destinations like Siddhivinayak Temple and Sion Fort

Educational institutions

Quality education at prestigious schools and colleges, including Modern English School and K. J. Somaiya College

Healthcare facilities

Access to state-of-the-art hospitals and healthcare centres, including Icon Hospital and Research Centre

Shopping & leisure

Varied shopping experiences, dining options, and recreational activities in the vicinity

Why invest in Chembur Mumbai?

Chembur's excellent infrastructure, which includes reliable transport options, industrial hubs, and access to commercial centres like BKC, forms a solid foundation for real estate growth.

Investing in Chembur presents a compelling case for several reasons. The excellent connectivity via Chembur Railway Station and the Mumbai Monorail provides seamless transit options for residents. The proximity to thriving employment hubs like BKC adds to its appeal, offering a significant potential for rental income.

Moreover, Chembur's real estate landscape has exhibited a commendable YoY growth of 13.1%. The area's growing market indicates the rising demand for residential properties. The promising future of Chembur real estate aligns with its strategic location and connectivity improvements. This locality will see further development and appreciation of property value.

Living in Chembur: Comfort, convenience and luxury

Living in Chembur, a vibrant Mumbai locality, is leading a lifestyle of modernity and comfort. For residents, Chembur apartments for sale offer a wide range of options. Whether you seek affordable housing or luxurious living, Chembur caters to diverse budgets and preferences.

  • Connectivity: Chembur ensures easy access to key Mumbai districts. The presence of Chembur Railway Station and the upcoming Chembur Metro Station enhances seamless travel options.
  • Educational institutions: Chembur hosts renowned schools like St. Gregorious High School and quality colleges, providing an excellent academic environment.
  • Healthcare facilities: Residents can access advanced healthcare centres, including Zen Multi Speciality Hospital and Apollo Spectra Hospital.
  • Shopping and entertainment: Chembur's social infrastructure includes popular malls like K Star Mall and Cubic Mall, offering ample shopping and leisure choices.

Life in Chembur

Living in Chembur goes beyond finding a home; it's about embracing a lifestyle that offers modern amenities and vibrant surroundings. Chembur's proximity to dynamic areas like Kurla, Deonar, Chunabhatti, and Ghatkopar enriches your living experience. The locality ranks high on the livability index, boasting strong social infrastructure and a wide array of conveniences. Whether you're looking for a place to call home or a lively environment to explore, Chembur offers a fulfilling and enjoyable way of life.

Godrej Properties in Chembur, Mumbai

Godrej Properties, a prominent name in the real estate industry, is contributing significantly to the development of Chembur, Mumbai. Godrej Properties is adding value to the Chembur real estate landscape with its remarkable projects.

One of their standout projects is Godrej Prime, Chembur, a sprawling residential complex spread across 1.58 hectares featuring 9 towers. This strategically located development offers proximity to malls, popular restaurants, cafes, and entertainment hubs. Residents enjoy the convenience of well-connected living, with amenities within the clubhouse and over 3065 sq.m. of rooftop space. These 2 BHK homes provide a delightful living experience.

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It is another notable offering. This 15-storey residential property gives residents more time in their lives. It offers accessibility from all parts of the city. Godrej Central is well-positioned to benefit from ongoing infrastructure developments in Mumbai, reducing long commutes and enabling residents to engage in more quality family time. With 2 BHK and 3 BHK homes, Godrej Central provides a lifestyle of convenience.

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Located at RK Studios, it is a unique project where legacy comes with luxury. The development offers Collector's Edition 2, 3 & 4 Bed Residences inspired by the Bombay Art Deco Architectural style. Residents can relish state-of-the-art amenities, including a swimming pool, box office, squash court, high-street retail, and open green spaces, creating an ideal backdrop to live their unique stories.

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