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Neumec Elegance

Ready building · resale & lease in Lower Parel

Lower Parel, Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park

Sold Out Residential

Quick facts

Price
₹23,800/sq.ft
Status
Sold Out
Floors
18
Type
Residential
Zone Avg Rate
₹70,041/sq.ft · 94 projects
Developer
Neumec Group
Location
Lower Parel, Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park

At a glance

swipe →
Area price trend
₹68,300/sq.ft
+13.1% since Q2 25 · asking rate for homes in Lower Parel
Who's looking
31 requests
People asked us for Lower Parel in the last 90 days — 12 to buy.
Getting around
  • Worli-Sewri Connector0.5 km
  • Line 3 Aqua0.9 km
  • Coastal Road (Phase 1)1.3 km

A first look at Neumec Elegance

Neumec Elegance is a ready residential building in Lower Parel, Mumbai. The building has 18 floors. It has 1 BHK flats with carpet areas of 465–490 sq ft. The indicative rate is about ₹23,800 per sq ft. 9 listings are live on MPE right now: resale from ₹2.2 Cr, rent from ₹95,000 a month.

Completed/historical project — current inventory unconfirmed

Ask an advisor to check current resale or rental availability.

Approximate pricing — area & bedrooms

TypeCarpet AreaIndicative PriceApprox. ₹/sqft
1 BHK465 sq.ft.— —
1 BHK490 sq.ft.— —
⚠️ Disclaimer: All prices listed above are approximate and indicative only, sourced from publicly available information. Final pricing is determined and communicated exclusively by the Developer at their registered office. Mumbai Property Exchange makes no warranty regarding accuracy and accepts no liability — no queries on pricing shall be entertained.

Building overview

Location

Neumec Elegance stands in Lower Parel, Mumbai. Across 407 recent resale listings on MPE, homes in Lower Parel have a median asking rate of ₹64,400 per sq ft, and a 2 BHK typically rents for about ₹1.22 Lac a month. Neumec Elegance is quoted around ₹23,800 per sq ft, 63% below that median.

Building facts

This residential building by Neumec Group rises 18 floors and is sold out. Amenities on record include Club House, Gymnasium, Power Backup, Swimming Pool, Imported Sanitary Fittings, Intercom/CCTV, POP finished walls, Granite Platform, Kitchen Cabinets, False Ceiling.

Configurations and prices

Configurations recorded are 1 BHK of 465–490 sq ft (carpet area). Prices are indicative and should be reconfirmed before booking.

Available now

9 listings are live in Neumec Elegance on Mumbai Property Exchange today — 6 for sale, 3 for rent. Resale asking prices run ₹2.2 Cr. Rents run ₹95,000 to ₹1.1 Lac a month.

Developer track record

Neumec Group has 12 projects tracked on Mumbai Property Exchange. Other projects by the same developer include Neumec Aadhira, Neumec Vinayak, Eiffel Tower.

Buyer demand in Lower Parel

In the last 90 days, buyers and tenants registered 31 requirements for Lower Parel with Mumbai Property Exchange, 12 of them to buy and 2 specifically for 1 BHK homes.

Location
Lower Parel
Sub-Location
Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park
Status
Sold Out
Rate
₹23,800/sqft
Type
Residential
Floors
18

How prices stack up in Lower Parel

From MPE live listings · your own data
Resale
₹64,400/sq.ft
median · 407 listings
Rent
₹240.7/sq.ft/mo
2 BHK ~₹122,000/mo
Gross rental yield
4.5% / yr
rent vs resale value

Government circle rate here is ₹29,488/sq.ft — the market trades 118% above the official rate. Ready reckoner rates ›

Medians from MPE listings over the last 18 months. See the Mumbai price index ›

MPE insight
Timing can matter as much as location
Mumbai is supply-constrained, so the best pricing and unit choice often go early — well before the launch advertising. If you’re serious about a project, it pays to know where it is in its cycle. Read the guide ›
Ask MPE on WhatsApp

Building description

Building details

About the building

About the location

🗺️ Proximity & Distances

✈️
Airport
45 min
🚆
Railway Station
15 min
🏥
Hospital
10 min
🏫
School
10 min

Building ratings

1.5
★ ☆ ☆ ☆ ☆
Building
9.7
★ ★ ★ ★ ★
Location
7.3
★ ★ ★ ★ ★
Amenities
4.1
★ ★ ★ ★ ☆
Legal
4.0
★ ★ ★ ★ ☆
Value for Money

🏊 Amenities & Features (10 amenities)

Common (4)
🏛️ Club House🏋️ Gymnasium⚡ Power Backup🏊 Swimming Pool
Interior (3)
🏠 Imported Sanitary Fittings🏠 Intercom/CCTV🏠 POP finished walls
Kitchen (2)
🪨 Granite Platform🍳 Kitchen Cabinets
General (1)
✨ False Ceiling

Floor plans & site plans

Indicative floor plans as shared by the developer; subject to change.

🎥 Project Videos

🧭 Building Compass

How far is Neumec Elegance from your daily life? Add your anchors to see commute times.

🧮 Financial Tools

💰 EMI Calculator

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Monthly EMI
—
Loan Amount
—
Total Interest

🔄 Rent vs Buy

Should you rent or buy in Lower Parel? Compare monthly costs.

—
Monthly Rent Cost
—
Monthly Buy Cost (EMI)

📍 Neumec Elegance location

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Upcoming projects & infrastructure in Lower Parel

6 MahaRERA projects are due to hand over in Lower Parel between 2027 and 2031; the nearest upcoming infrastructure to Neumec Elegance is the Worli-Sewri Connector, 0.5 km away (under construction · due 2026).

6
MahaRERA projects handing over in the next 5 years
in Lower Parel
₹59,900/sqft▲
typical asking price
rising this quarter
₹29,500/sqft
ready reckoner rate (government)
2025-26 · stamp duty is charged on the higher of this and the deal value
New projects in Lower Parel by possession year
1
2027
2
2028
1
2029
1
2030
1
2031

Supply is not evenly spread — one year carries almost half of it.

Metro & infrastructure near Neumec Elegance
  • 🛣️Worli-Sewri ConnectorUnder construction · due 20260.5 km
  • 🚇Line 3 AquaOpened 20250.9 km
  • 🛣️Coastal Road (Phase 1)Opened 20241.3 km
  • 🚇Line 11 GreenApproved1.7 km
📜 4,191 registered transactions (IGR) on record in Lower Parel. Fresh registration data can be procured, subject to our discussion and engagement. Take an informed approach — know the right value, don't just get swayed by the marketing guys!
Ask for registered transactions ›
Questions about Lower Parel prices?

Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Lower Parel, 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.

Next steps — clarity before you step out

Buying a home is not a quick decision. In association with developers, Mumbai Property Exchange sets up the video briefings (Google Meet, Teams or WhatsApp video), the site visits and the paperwork questions — so your homework is done before you commit an afternoon.

Frequently Asked Questions

Where is Neumec Elegance located?

Neumec Elegance is in Lower Parel, Mumbai.

What is the price of flats in Neumec Elegance?

Current resale asking prices are ₹2.2 Cr, about ₹23,800 per sq ft. Prices are indicative; confirm with MPE.

Are flats available in Neumec Elegance right now?

Yes — 9 live listings on Mumbai Property Exchange, 6 for sale, 3 for rent. See the listings on this page.

What configurations does Neumec Elegance have?

Neumec Elegance has 1 BHK flats with carpet areas of 465–490 sq ft.

Who is the developer of Neumec Elegance?

Neumec Group, with 12 projects tracked on Mumbai Property Exchange.

What configurations are available at Neumec Elegance?

Neumec Elegance offers 1 BHK configurations.

What is the price per sq.ft. at Neumec Elegance?

The last known price per sq.ft. at Neumec Elegance was ₹23800 (historical; project is sold out/delivered).

How many new projects are coming up in Lower Parel?

6 MahaRERA-registered projects in Lower Parel are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.

What metro and infrastructure is near Neumec Elegance?

Worli-Sewri Connector — under construction · due 2026, 0.5 km away; Line 3 Aqua — opened 2025, 0.9 km away; Coastal Road (Phase 1) — opened 2024, 1.3 km away; Line 11 Green — approved, 1.7 km away. Timelines are as announced and can change.

What amenities are available at Neumec Elegance?

Neumec Elegance offers amenities including Club House, Gymnasium, Power Backup, Imported Sanitary Fittings, Intercom/CCTV, POP finished walls, Granite Platform, Kitchen Cabinets, and more.

📊 Property Rates in Lower Parel

₹23,800/sqft
This Project Rate
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🏘️ Properties in Lower Parel

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Sandeep Sadh, founder of Mumbai Property Exchange
Advice from Sandeep Sadh, founder of Mumbai Property Exchange — in Mumbai real estate since 1995.
MahaRERA registered agent A51800043517 · independent advice on new projects, resale and leasing
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Disclaimer. Information on this page is compiled from MahaRERA registrations, public infrastructure announcements, developer materials and Mumbai Property Exchange listings. Prices, availability, possession dates and infrastructure timelines are indicative, subject to change, and updated periodically (last updated 2026-03-06). This is not an offer or an advertisement by the developer; please verify all details with the developer and on MahaRERA before deciding. Mumbai Property Exchange, MahaRERA agent A51800043517.
Are you the developer and see something wrong? Report a correction on WhatsApp — we verify and update.

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