CODE NAME : THE RARE ADDRESSUnder Construction in Chembur
📍 Near Diamond Garden, 7th Cross Road, Chembur
CODE NAME : THE RARE ADDRESS is a under construction residential project at Near Diamond Garden, 7th Cross Road, Chembur. The configurations on record are 2, 3 & 4 BHK of 685, 1,180 and 1,305 sq ft carpet. This page is Real Estate Mumbai's read on CODE NAME : THE RARE ADDRESS against the resale and rental market in Chembur — what a flat here rents for, what the resale market asks, and where prices are moving.
Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995
What a flat in CODE NAME : THE RARE ADDRESS would rent for
Chembur has 50 live 2 BHK rentals on Real Estate Mumbai today, at a median of ₹80,000 a month — about ₹107 per sq ft of carpet a month (middle half ₹102–₹122).
At today's rates that makes a 685 sq ft 2 BHK roughly ₹73,295 a month, a 1,180 sq ft 3 BHK roughly ₹1.23 L a month and a 1,305 sq ft 4 BHK roughly ₹2.02 L a month.
At ₹44,755 per sq ft, that is a gross rental yield of about 2.8% to 4.2% — before maintenance, tax and vacancy. Premium Mumbai homes are bought for capital growth more than yield; treat the rent as the floor under your holding cost, not the return.
| Configuration | Carpet | Chembur rent today | Estimated rent | Gross yield |
|---|---|---|---|---|
| 2 BHK | 685 sq ft | ₹107/sq ft/mo (50 live) | ≈ ₹73,295/mo | ~2.9% |
| 3 BHK | 1,180 sq ft | ₹104/sq ft/mo (54 live) | ≈ ₹1.23 L/mo | ~2.8% |
| 4 BHK | 1,305 sq ft | ₹155/sq ft/mo (7 live) | ≈ ₹2.02 L/mo | ~4.2% |
Estimate = carpet area × the live median rent per sq ft for that configuration in Chembur on Real Estate Mumbai. Indicative; a new building with sea views can command more.
The resale market CODE NAME : THE RARE ADDRESS competes with
27 2 BHK resale homes are on the market in Chembur right now, median ₹2.3 Cr at ₹31,280 per sq ft; the middle half asks ₹27,934–₹38,462. Listings are on average 37 days old.
CODE NAME : THE RARE ADDRESS prices at ₹44,755 per sq ft — 43% above the resale median and above the top quarter of the resale market. That premium buys a new building, new specification and a longer remaining life; the resale market buys location now, at a discount, ready to live in.
For scale, 4 BHK resale in Chembur asks a median ₹44,118 per sq ft (11 live).
Where Chembur prices are moving
Real Estate Mumbai's Chembur price index reads 101.3 for Sep 2026 (base 100), a median asking ₹35,021 per sq ft across 70 listings, down 0.2% on the month. By configuration: 2 BHK ₹31,537, 3 BHK ₹32,287, 4 BHK+ ₹41,240 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Sep 2026 | ₹35,021 | 101.3 | -0.2% | 70 |
| Aug 2026 | ₹35,076 | 101.5 | +1.5% | 62 |
| Jul 2026 | ₹34,559 | 100.0 | — | 120 |
Real Estate Mumbai price index, computed monthly from live asking prices in Chembur (base 100). Asking, not registered, prices.
Ready homes in Chembur you can buy or rent today
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CODE NAME : THE RARE ADDRESS — the questions investors ask
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What can I buy in Chembur today instead?
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Rents, resale prices and the price index on this page are computed from live listings on Real Estate Mumbai and refresh automatically; project facts are as declared to MahaRERA or recorded by our team (updated 21 Sep 2026). Indicative, not an offer; verify with the developer and on MahaRERA before deciding. Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995.
Get details on CODE NAME : THE RARE ADDRESS
Near Diamond Garden, 7th Cross Road, Chembur
