Chembur, situated in the eastern suburbs of Mumbai, has been experiencing a remarkable conversion from a mainly residential area to a dynamic commercial center. This ideal location, positioned between busy business districts like Navi Mumbai and Bandra-Kurla Complex (BKC), has drawn companies and investors looking to establish offices in an accessible and reasonably priced area. Also, the development of modern commercial projects, business parks, and co-working spaces has helped confirm Chembur’s spot as a preferred destination for firms looking to expand beyond more crowded markets.
Additionally, Chembur’s strong infrastructure and excellent connections are driving up demand for office space. There are local train stations, a monorail, and major highways including the Eastern Expressway and Eastern Freeway. This facilitates travel to other parts of Mumbai. Businesses want reasonable means of escaping costly hubs. Chembur provides them with affordable rental rates, contemporary amenities, and convenient access to major commercial hubs.
According to recent data, out of a total stock of 1,067,182 sf of office space, 239,458 sf were leased, and 88,545 sf were sold in the last 12 months. The average chargeable rental is Rs.116.
What Makes Chembur a Thriving Commercial Hub?
With time, Chembur has developed into a thriving commercial hub home to numerous corporate offices and commercial businesses. Consequently, there has been a growing demand for upscale commercial real estate, making it a desirable area for investments of all kinds. Let us look at the factors that have contributed to the growth of Chembur as a commercial hub.
Location and Connectivity
Chembur’s major roadways, including the Eastern Express Highway, Sion-Panvel Highway, and Eastern Freeway, provide excellent transportation connections. Because of the ease of access to South Mumbai, Navi Mumbai, and the western suburbs, this area is highly conducive to business. Additionally, the road network significantly reduces travel time for working professionals.
An additional factor contributing to this suburb’s popularity is its effective public transportation network, which includes direct connections to several business sectors via the Chembur train station on the Harbour Line. Additionally, the Monorail bridges the gap between Wadala and Chembur, greatly simplifying intra-city commuting.
Infrastructure and Developments
The recent infrastructural development has transformed Chembur into a rapidly growing commercial center. In this regard, modern commercial complexes, co-working spaces, and business parks have sprung up to cater to different enterprises from agile start-ups to large multinational corporations. Furthermore, landmark projects like Godrej Central and The Chambers offer high-quality office spaces with first-rate amenities, attracting companies that seek affordable alternatives to congested business districts.
Additionally, the convenience that retail locations like Cubic Mall and K Star Mall offer to their residents and employees contributes to the commercial vibrancy of these spaces. Additionally, Chembur’s improved municipal amenities like parks, updated drainage systems, and a stable water supply system—have increased its appeal and encouraged investment and corporate growth. The area’s strategic positioning and competitive rental rates are driving the rising demand for office spaces.
In a recent transaction in July 2024, office space was sold at Corporate Park II for Rs.16,964. Let us look at the most expensive office buildings in Chembur.
| Buildings | Price (Chargeable) INR/sf |
| The Epicenter | 190 |
| Elmer | 146 |
| Universal Majestic | 139 |
High Rental Yields
Chembur’s increasing prominence as a business hub has resulted in elevated rental returns, making it a desirable site for investors. Due to the restricted amount of land available and the growing demand for office space, the area’s rental values have increased. In comparison to other desirable sites like BKC or Lower Parel, Chembur offers businesses competitive pricing, superior connectivity, and first-rate amenities.
In a recent transaction, Skyplus Real Estates leased an office space of 5,727 sf at Shrikant Chambers II for Rs.165 psf. Let us look at the top tenants leasing office spaces in Chembur.
| Tenants | Average Rental (Chargeable) INR/sf |
| Sterling And Wilson | 157 |
| LOreal | 144 |
| Globelink WW India | 125 |
| Equentia SCF Technologies | 120 |
| Surya Child Care | 84 |
Recommended Properties
For businesses searching for great locations that combine contemporary amenities and strategic positioning, Chembur offers a range of suggested commercial properties. These assets cater to a variety of businesses, including flexible-space offices and hubs for major corporate districts. The area is suitable for investments for both seasoned businesses and budding entrepreneurs. Some of the recommended commercial properties in Chembur offering office spaces for sale and lease are Elmer, Kakson House, Meraki Platina, The Pavilion Business Square, Meraki Arena, and Siddh Premises.
In the next 1 year, Chembur will witness the addition of 128,049 sf of office space. Additionally, 494,549 sf will be added in the next 2-3 years.
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