Chembur · Mumbai
Akshay Paradise
Chembur · by Akshay Group (Dinesh S Chandnani)
Updated Oct 2026
ChemburPhotos from the project record · tap to enlarge
At a glance
swipe →- Line 2B Yellow1.4 km
- Line 4 Green2.1 km
- Line 3 Aqua3.4 km
A first look at Akshay Paradise
Akshay Paradise is a residential project in Chembur, Mumbai 400089. It is registered with MahaRERA under P51800004753 (registered 2020-06-14). Akshay Paradise is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 102 units across 1 building of up to 16 floors. It offers 1 & 2 BHK homes with carpet areas of 441–692 sq ft. MahaRERA proposed possession: Dec 2025, revised to Jun 2021.
Ask an advisor to check current resale or rental availability.
Unit configurations filed with MahaRERA (3)
Akshay Paradise floor plans
1
Floor plans are indicative, as shared by the developer, and subject to change.
About Akshay Paradise
Location
Akshay Paradise is located in Chembur, Mumbai 400089, in the Mumbai Suburban district. Across 48 recent resale listings on MPE, homes in Chembur have a median asking rate of ₹31,300 per sq ft, and a 2 BHK typically rents for about ₹80,000 a month.
MahaRERA record
The MahaRERA registration number is P51800004753, issued on 14 June 2020. The registered promoter is Dinesh S Chandnani. The filing lists 1 wing: AKSHAY PARADISE over 16 floors. Per the registration, the architect on record is Rajendra S Karnik and the project escrow account is with HDFC Bank.
Homes and prices
The price list covers 1 BHK of 441 sq ft at ₹1.07 Cr; 1½ BHK of 568 sq ft at ₹1.35 Cr; 2 BHK of 692 sq ft at ₹1.63 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹23,600–₹24,300 per sq ft of carpet, 24% below the locality's resale median. Prices are indicative and should be reconfirmed with the developer before booking.
Construction and possession
The latest MahaRERA progress report shows foundation at 50%, structure at 70%, finishing at 13%, services at 20%. Proposed possession is Dec 2025, revised to Jun 2021.
Developer track record
Akshay Group has 5 projects tracked on Mumbai Property Exchange, 4 of them delivered (ready or sold out).
Buyer demand in Chembur
In the last 90 days, buyers and tenants registered 46 requirements for Chembur with Mumbai Property Exchange, 18 of them to buy and 19 specifically for 1 & 2 BHK homes.
Developer's description ▾
Chembur market
prices, rents & ratesPrice vs locality
Chembur — resale, rent & yield
This project is quoted around ₹23,861/sqft — 24% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Chembur
Upcoming projects & infrastructure in Chembur
take an informed decision131 MahaRERA projects are due to hand over in Chembur between 2026 and 2030; the nearest upcoming infrastructure to Akshay Paradise is the Line 4 Green, 2.1 km away (under construction · due 2027).
Supply is not evenly spread — one year carries about a third of it.
- 🚇Line 2B YellowOpened 20261.4 km
- 🚇Line 4 GreenUnder construction · due 20272.1 km
- 🚇Line 3 AquaOpened 20253.4 km
- 🚄Mumbai-Ahmedabad Bullet TrainUnder construction · due 20293.4 km
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Chembur, then an advisor calls about your budget and configuration.
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
RERA record & possession
Buildings · 1 wing
Location
Construction progress
per MahaRERASee all 14 stages ▾
What you pay, and when
an exampleThis is just an example of the cash flows for buying a home, not a quote or a payment demand. Your agreement and the developer's schedule decide the actual amounts.
In an under-construction project, you don't pay everything on day one. Under the MahaRERA model agreement, the developer can only ask for money as each stage is finished: about 10% at booking, 30% at agreement, then more as the plinth, slabs, walls, fittings and lifts are done, and the last 5% at possession. The more a building is finished, the more you pay up front.
Example: 1½ BHK · 568 sq ft at ₹1.35 Cr (the price recorded above).
- ○ Plinth complete45% paid by then
- ○ Slabs complete70% paid by then
- ○ Walls, plaster & flooring75% paid by then
- ○ Sanitary fittings80% paid by then
- ○ Staircases, lift wells & lobbies85% paid by then
- ○ Lifts, pumps, plumbing & elevation95% paid by then
- ○ Possession100%
With a home loan: banks usually fund up to 75% (₹1.01 Cr here), released stage by stage, so your own money is about ₹33.8 L plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹87,900/month (8.5%, 20 years).
Indicative only. Rates, GST (1% on affordable homes), loan eligibility and the stage schedule vary. Plan your cash flow with an advisor before you book.
💬 Talk through the numbers with an MPE advisorAmenities
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Talk to our MahaRERA advisor
Tell our MahaRERA advisor what you need and they'll guide you on this project.
💬 Ask about resale or rental optionsResale Flats for Sale in Chembur
4
Flats for Rent in Chembur
4
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Frequently Asked Questions
Where is Akshay Paradise located?
Akshay Paradise is in Chembur, Mumbai 400089.
What is the price of Akshay Paradise?
Akshay Paradise is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Akshay Paradise offer?
1 BHK – 441 sq ft carpet; 1½ BHK – 568 sq ft carpet; 2 BHK – 692 sq ft carpet.
When is possession of Akshay Paradise?
As per MahaRERA, proposed possession is Dec 2025, revised to Jun 2021.
Is Akshay Paradise RERA-registered?
Yes — MahaRERA registration P51800004753, registered 2020-06-14.
How many units does Akshay Paradise have?
MahaRERA records 102 units across 19 buildings, up to 16 floors.
Who is the developer of Akshay Paradise?
Akshay Group (Dinesh S Chandnani) — 5 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Chembur?
131 MahaRERA-registered projects in Chembur are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Akshay Paradise?
Line 2B Yellow — opened 2026, 1.4 km away; Line 4 Green — under construction · due 2027, 2.1 km away; Line 3 Aqua — opened 2025, 3.4 km away; Mumbai-Ahmedabad Bullet Train — under construction · due 2029, 3.4 km away. Timelines are as announced and can change.
How do I book or get more details?
Tap WhatsApp or Call below to speak with a Mumbai Property Exchange advisor — serving Mumbai since 1995 · RERA-registered since 2017.
