Shree Shankar Paradise Sold Out in Chembur
Shree Shankar Paradise in Plot No.24, Postal Colony, Chembur by Prashant Developers is a sold out 3 BHK residential project at ₹16,500/sq ft. Ready resale 3 BHK flats in Chembur ask a median ₹30,858 per sq ft carpet. Updated 6 Mar 2026.
📍 Plot No.24, Postal Colony, Chembur · by Prashant Developers
Shree Shankar Paradise is a sold out residential project by Prashant Developers at Plot No.24, Postal Colony, Chembur. The configurations on record are 3 BHK, about 1,300–1,400 sq ft carpet. Project facts and property enquiries for Shree Shankar Paradise, Chembur. Recorded developer status is separate from resale and rental availability; reconfirm each listing.
Mumbai Property Exchange (MahaRERA agent A51800043517) · Real Estate Mumbai · since 1995
Shree Shankar Paradise floor plans
Plans as shared by the developer; check the carpet area in the MahaRERA record and the agreement.
Shree Shankar Paradise carpet area and sizes
| Configuration | Carpet area | Developer price from | For sale | On rent |
|---|---|---|---|---|
| 3 BHK | 1,364 sq ft | — | — | — |
Carpet area as the typical range (10th to 90th percentile) of recorded configurations and listings.
3 BHK flats in Shree Shankar Paradise
3 BHK at Shree Shankar Paradise, Chembur: carpet 1,364 sq ft.
Shree Shankar Paradise: price, rent, infrastructure and growth
| Measure | Figure | What it means |
|---|---|---|
| Project pricing | ₹16,500 /sq ft | Developer rate on record. Confirm the carpet basis and current price list. |
| Chembur micro-market rate | ₹32,143 /sq ft | Resale median across 35 live Chembur listings; middle half ₹29,115–₹40,000. This project asks 49% less than resale. |
| Rent potential | ₹113 /sq ft a month · 3 BHK ≈ ₹1.53 Lakh/mo | Median asking rent in Chembur, 59 live listings. At the project rate that is about 8.2% gross a year before costs. |
| Scope of capital appreciation | Good | Because of: priced close to (or below) ready resale; rental yield around 8.2%. Our reading of the figures above, not a forecast or advice. Speak to our team before you invest. |
About these comparisons
Comparisons use listing verification recorded within 90 days, exclude approximate carpet areas and collapse matching building/configuration/price/area records. Each reported configuration needs at least five observations. This does not certify availability; reconfirm the unit and measurement. Gross yield is omitted because the project price basis and date have not been independently matched.
What a flat in Shree Shankar Paradise would rent for
Indicative monthly asking rents use at least five recent, comparable residential listing observations of the same BHK configuration in Chembur. These are locality comparisons, not confirmed rents achieved in Shree Shankar Paradise.
Estimated monthly asking rent: 3 BHK: ₹1.53 Lakh.
| Configuration | Carpet | Chembur rent today | Estimated rent |
|---|---|---|---|
| 3 BHK | Members | ₹112/sq ft/mo (20 observations) | ≈ ₹1.53 Lakh/mo |
Estimate = carpet area (members see it) × the live median rent per sq ft for that configuration in Chembur on Real Estate Mumbai. Indicative locality comparison; reconfirm property-specific terms.
The resale market Shree Shankar Paradise competes with
11 recent 3 BHK residential asking-price observations in Chembur: median ₹3.89 Cr, or ₹30,858 per sq ft of carpet. The middle half asks ₹28,684–₹40,642 per sq ft. These are listing observations, not unique homes or registered transactions.
Where Chembur prices are moving
Real Estate Mumbai's Chembur price index reads 87.8 for Nov 2026 (base 100), a median asking ₹30,359 per sq ft across 35 listings, up 0.0% on the month. By configuration: 2 BHK ₹29,860, 3 BHK ₹30,857 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Nov 2026 | ₹30,359 | 87.8 | +0.0% | 35 |
| Oct 2026 | ₹30,364 | 87.9 | -12.7% | 39 |
| Sep 2026 | ₹34,783 | 100.6 | -0.8% | 75 |
| 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.
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Property listings in Chembur
Listed resale and rental options. Reconfirm availability before arranging a viewing. 3 BHK and larger first.
About Shree Shankar Paradise
Shree Shankar Paradise is a project developed by prashant developers which is located in Chembur. It provides you an exclusive 2 and 3 BHK apartments that has various amenities along with luxurious lifestyle.
Amenities
Next steps — clarity before you step out
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Shree Shankar Paradise — the questions investors ask
What is the price of Shree Shankar Paradise, Chembur?
What rent can a flat in Shree Shankar Paradise earn?
What are comparable resale asking prices in Chembur?
Are prices in Chembur rising?
What can I buy in Chembur today instead?
How do I get the price list or a site visit for Shree Shankar Paradise?
Who is the builder of Shree Shankar Paradise?
What is the possession status of Shree Shankar Paradise?
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 06 Mar 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 Shree Shankar Paradise
Plot No.24, Postal Colony, Chembur · Prashant Developers