Chembur’s real estate momentum continues as Emerald Leisures has secured a Letter of Intent (LOI) for a major redevelopment project at Swastik Park. The project is expected to unlock a revenue potential of around ₹600 crore and will feature approximately 1.75 lakh sq. ft. of saleable area with 2, 3, and 4 BHK homes. Known for operating Club Emerald, the company is now expanding into residential development, marking a strategic shift beyond hospitality. With Chembur’s strong connectivity and rising demand, the project further reinforces the suburb’s growing appeal as a premium residential destination.
Chembur’s real estate story is clearly accelerating.
