Property Details

The apartment is located in the premium residential project Godrej Sky Terraces and offers:

• Carpet area: 1,402 sq. ft.
• Total area: 1,516.20 sq. ft.
• Parking: Two car spaces
• Stamp duty: ₹35.90 lakh
• Registration charges: ₹30,000

This purchase follows another major investment by the couple—two apartments in the same building acquired in March 2025 for ₹21.1 crore, indicating a strong long-term real estate bet in the locality.

Why Chembur-Deonar Is Attracting Premium Buyers

Chembur-Deonar has steadily emerged as one of Mumbai’s most strategically located residential zones thanks to its strong connectivity and infrastructure advantages:

• Direct access to Eastern Express Highway and Sion–Panvel Highway
• Connectivity via Eastern Freeway
• Railway access on Harbour Line
• Link to Mumbai Monorail network

Its proximity to major business hubs such as Bandra Kurla Complex, Lower Parel, and Navi Mumbai makes it particularly attractive to professionals and investors. The suburb also offers established social infrastructure, including schools, hospitals, malls, and recreation zones, creating a balanced lifestyle environment.

Celebrity Investments Reflect Market Confidence

High-value property purchases by celebrities and public figures often signal confidence in a micro-market’s long-term prospects. Real estate analysts note that such investments tend to reinforce demand momentum, especially in premium segments where brand-name buyers influence perception and pricing.

Devisha Yadav, a professional dance coach known for maintaining a relatively private lifestyle, has frequently been seen supporting her husband at international cricket matches and IPL games. Her latest purchase underscores the growing trend of affluent buyers investing in spacious, amenity-rich residences within well-connected city neighborhoods.

Also Read: Cricketer Suryakumar Yadav Bought a ₹21.11 Crore Home in Deonar

The post Cricket Star SuryaKumar Yadav’s Wife Devisha Buys ₹7.18 Crore Deonar Apartment appeared first on Square Feat India.

Details of Each Complaint

1. Five Buyers Seeking Refund
   • Each held a registered Agreement for Sale (AFS) for individual flats.
   • They requested refunds after receiving cancellation notices stating entire forfeiture of sums paid.
   • MahaRERA found these buyers defaulted on contractual payments per Section 19(6) of RERA and, as promoter fulfilled possession, they were not eligible for refunds under Section 18 maharera.maharashtra.gov.in+13hindustantimes.com+13timesofindia.indiatimes.com+13maharera.maharashtra.gov.in+7maharera.maharashtra.gov.in+7timesofindia.indiatimes.com+7.
2. One Buyer Purchasing Two Flats
   • Bought two units under one buyer, also issued termination notice.
   • MahaRERA validated cancellation under Section 11(5).
   • Ordered refund of entire ₹6.21 crore paid, to be processed within 60 days as per agreement indiatoday.in+1deccanherald.com+1deccanherald.com+5hindustantimes.com+5aurumproptech.in+5.

MahaRERA’s Key Directives

• Refund Timeline: ₹6.21 crore to be refunded within 60 days, no interest.
• Cancellation Deeds: Buyers must sign these within 30 days of refund.
• Promoter Rights: Godrej may proceed with cancellation under RERA if non-compliance by buyers continues indiatoday.in+5hindustantimes.com+5aurumproptech.in+5deccanherald.com+3aurumproptech.in+3m.economictimes.com+3.

Legacy of Raj Kapoor Studios

Raj Kapoor Studios once stood on this very Chembur site, founded in 1948 by Bollywood legend Raj Kapoor. Known as RK Studios, it was the birthplace of cinematic classics including Awaara and Bobby. A devastating fire in September 2017 gutted the studio, prompting the Kapoor family to sell the 2.2-acre property to Godrej Properties in May 2019—reported for around ₹180 crore .

Godrej’s Godrej RKS project aims to pay homage to the site’s iconic past by transforming it into premium residential towers coupled with luxury retail spaces, seeking to balance heritage and modern needs hindustantimes.com+6thestatesman.com+6timesofindia.indiatimes.com+6.

Why It Matters

• Buyer Responsibility: Homebuyers cannot defer contractual payments citing Covid and expect full refunds.
• Contractual Clarity: Agreements and termination clauses hold firm if promoters meet obligations and buyers default.
• Historic Revival: The project reflects a milestone in redevelopment—housing modern homes where legends once filmed.

Expert Commentary

“Since the allottees defaulted on their obligations by failing to make timely payments … the authority finds they are not entitled to relief under Section 18.”
— MahaRERA Chairperson Manoj Saunik maharera.maharashtra.gov.in+7aurumproptech.in+7m.economictimes.com+7homesindiamagazine.com+4thestatesman.com+4indiatoday.in+4maharera.maharashtra.gov.in+9hindustantimes.com+9timesofindia.indiatimes.com+9.

Looking Ahead

While MahaRERA affirmed contractual integrity and refund timelines, the spotlight remains on how restoration of RK Studios’ legacy and full project delivery will connect with buyers and Mumbai’s cultural narrative.

The post MahaRERA Orders Refund Paid for Seven Flats in Godrej RKS Project appeared first on Square Feat India.

Chembur is rapidly emerging as one of Mumbai’s most dynamic and well-connected real estate markets. From a budding residential hotspot to a flourishing micro-market, this eastern suburb has undergone a remarkable transformation, captivating the attention of homebuyers and investors alike. Its strategic location and unprecedented infrastructure growth have positioned it as a key beneficiary of Mumbai’s urban expansion.

With seamless connectivity to major highways, metro corridors, and upcoming transport projects, Chembur’s accessibility has significantly improved, enhancing its livability and investment appeal. This surge in connectivity is driving strong property value appreciation, making it a hotspot for premium housing. As large-scale developments reshape its skyline and demand rises, Chembur is cementing its status as one of Mumbai’s most promising real estate destinations.

Chembur’s Rise: From Emerging Market to Prime Investment Hub

Over the past decade, Chembur has evolved from a relatively underdeveloped suburb into a high-demand residential and commercial hotspot. Its strategic location ensures excellent connectivity to key business districts such as Bandra-Kurla Complex (BKC), Lower Parel, Nariman Point, Andheri, Powai, and Vikhroli. Infrastructure initiatives like the Eastern Express Highway, BKC Connector, and Santacruz-Chembur Link Road have further enhanced this connectivity. Additionally, new roads, metro corridors, and expressways have made commuting seamless, boosting the appeal of this micro-market.

According to recent market reports, property prices in Chembur have increased from approximately ₹20,000 per sq. ft. to ₹35,000 per sq. ft. in just a few years. Experts predict further growth as connectivity continues to improve. With luxury residential projects offering world-class amenities and a superior lifestyle, Chembur has become an attractive option for end-users and investors seeking high returns on investment. The combination of improved infrastructure, strategic location, and premium developments has solidified its position as one of Mumbai’s most promising real estate destinations.

Seamless Connectivity: The Game-Changer for Real Estate Growth

One of Chembur’s biggest advantages is its seamless connectivity to key parts of Mumbai. Infrastructure developments such as the Eastern Freeway, Eastern Express Highway (EEH), and the Santacruz-Chembur Link Road (SCLR) have significantly reduced travel time to business hubs like Bandra-Kurla Complex (BKC), Lower Parel, and South Mumbai. These connectivity upgrades have played a crucial role in boosting real estate demand in the region.

Additionally, the upcoming Metro Lines 2B, 4, and 5 will further enhance Chembur’s accessibility. Metro Line 2B will connect the suburb to BKC and Wadala, while Line 4 will link it to Thane and other emerging business districts. The future Metro Line 5 will extend connectivity to Kalyan, making Chembur a vital transit point for commuters.

Furthermore, the Navi Mumbai International Airport, expected to be operational by 2026, elevates Chembur’s real estate profile. Its strategic location serves as a gateway between Mumbai and Navi Mumbai, making it an ideal choice for professionals and businesses seeking well-connected residential spaces. The introduction of the Mumbai Coastal Road and the Chembur-Kurla Elevated Corridor has significantly enhanced connectivity and reduced traffic congestion, further increasing the appeal of real estate in the region.

Premium Living in High-Demand Micro-Markets

Chembur’s real estate appeal extends beyond connectivity. It offers a rare blend of luxury, space, and exclusivity—qualities that are becoming increasingly difficult to find in Mumbai. Unlike developments in some other city hubs, Chembur boasts wider roads, premium gated communities, and a well-planned residential landscape.

One of the key highlights of Chembur’s residential transformation is the rise of high-end developments catering to discerning homebuyers. The integration of green spaces and modern architecture ensures a holistic and upscale lifestyle.

Another major advantage of Chembur is its well-established social infrastructure. The suburb is home to renowned educational institutions, top-tier healthcare facilities, and premium recreational zones. Institutions such as the Bombay Presidency Golf Club add to the area’s exclusivity, making it a preferred choice for high-net-worth individuals seeking a luxurious living environment. Additionally, the presence of a vibrant café culture, fine dining options, and lifestyle-centric hubs makes Chembur an attractive choice for professionals and young families alike.

Mumbai’s shifting work culture is fueling demand for upscale residences, as professionals prioritize a healthier work-life balance. As a result, areas offering spacious, amenity-rich homes with seamless connectivity to business districts are experiencing a surge in popularity. Chembur’s ability to provide this balance makes it a prime location for those looking to upgrade their lifestyle while making a sound investment decision.

The Future of Real Estate in Chembur

As ongoing infrastructure projects continue to improve connectivity, Chembur is set for long-term property value growth, ensuring a promising ROI for homeowners and investors. Real estate analysts anticipate these developments will further drive up prices, particularly for premium residential projects experiencing rising demand.

Chembur has emerged as one of the key beneficiaries of this trend, with developers crafting ultra-modern residential spaces tailored to evolving homebuyer preferences. This remarkable transformation positions Chembur at the forefront of Mumbai’s luxury residential landscape, solidifying its status as one of the city’s most coveted and upscale neighborhoods.

Thus, Chembur’s transformation into a prime investment hub is a testament to the power of infrastructure-driven growth. With seamless connectivity, luxury living options, and a thriving real estate market, the suburb presents a compelling opportunity for homebuyers and investors alike. Its unique blend of connectivity, urban convenience, and lifestyle-driven appeal ensures it remains a top choice for modern homebuyers.

As Mumbai continues to expand and evolve, Chembur is well-positioned to be at the forefront of this transformation, making now an ideal time to invest in this high-growth micro-market.

For those looking to make a strategic real estate investment, Chembur offers the perfect mix of location, luxury, and long-term value. With property prices expected to continue their upward trajectory, securing a home in this dynamic suburb is not just a lifestyle upgrade—it’s a smart financial decision.

Also Read: Developers have created space and infrastructure for COVID19 Centres in Mumbai

The post Infrastructure Boom: How Connectivity is Driving Property Prices in Chembur appeared first on Square Feat India.