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Sumit Bhoomi Avenue

Ready building · resale & lease in Parel

Parel, Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal.

Sold Out Residential

Quick facts

Price
₹21,500/sq.ft
Possession
Jun 2014
Status
Sold Out
Floors
11
Type
Residential
Zone Avg Rate
₹43,079/sq.ft · 57 projects
Developer
Sumit Group
Location
Parel, Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal.

At a glance

swipe →
Area price trend
₹51,000/sq.ft
+6.1% since Q2 25 · asking rate for homes in Parel
Who's looking
20 requests
People asked us for Parel in the last 90 days — 5 to buy.
Getting around
  • Worli-Sewri Connector0.5 km
  • Line 11 Green0.8 km
  • Line 3 Aqua2.2 km

A first look at Sumit Bhoomi Avenue

Sumit Bhoomi Avenue is a ready residential building in Parel, Mumbai. The building has 11 floors. It has 2 BHK flats. The indicative rate is about ₹21,500 per sq ft.

Completed/historical project — current inventory unconfirmed

Ask an advisor to check current resale or rental availability.

Building overview

Location

Sumit Bhoomi Avenue stands in Parel, Mumbai. Across 370 recent resale listings on MPE, homes in Parel have a median asking rate of ₹48,800 per sq ft, and a 2 BHK typically rents for about ₹1.45 Lac a month. Sumit Bhoomi Avenue is quoted around ₹21,500 per sq ft, 56% below that median.

Building facts

This residential building by Sumit Group rises 11 floors and is sold out. Completed: Jun 2014. Amenities on record include POP finished walls, Vitrified flooring.

Configurations and prices

Configurations recorded are 2 BHK (carpet area). Prices are indicative and should be reconfirmed before booking.

Developer track record

Sumit Group has 13 projects tracked on Mumbai Property Exchange. Other projects by the same developer include Sumit Casa, Sumit Bhakti, Sun Sumit Naomi Ark.

Buyer demand in Parel

In the last 90 days, buyers and tenants registered 20 requirements for Parel with Mumbai Property Exchange, 5 of them to buy and 3 specifically for 2 BHK homes.

Location
Parel
Sub-Location
Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal.
Status
Sold Out
Possession
Jun 2014 *
*Subject to RERA approvals. Verify on MahaRERA
Rate
₹21,500/sqft
Type
Residential
Floors
11

How prices stack up in Parel

From MPE live listings · your own data
Resale
₹48,800/sq.ft
median · 370 listings
Rent
₹166.7/sq.ft/mo
2 BHK ~₹145,000/mo
Gross rental yield
4.1% / yr
rent vs resale value

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

About the location

Building ratings

2.7
★ ★ ☆ ☆ ☆
Building
4.0
★ ★ ★ ★ ☆
Location
4.0
★ ★ ★ ★ ☆
Amenities
4.0
★ ★ ★ ★ ☆
Legal
4.0
★ ★ ★ ★ ☆
Value for Money

🏊 Amenities & Features (2 amenities)

Interior (2)
🏠 POP finished walls🏠 Vitrified flooring

Floor plans & site plans

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

🎥 Project Videos

🧭 Building Compass

How far is Sumit Bhoomi Avenue from your daily life? Add your anchors to see commute times.

🧮 Financial Tools

💰 EMI Calculator

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🔄 Rent vs Buy

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

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📍 Sumit Bhoomi Avenue location

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Upcoming projects & infrastructure in Parel

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

10
MahaRERA projects handing over in the next 5 years
in Parel
₹49,100/sqft▼
typical asking price
easing this quarter
New projects in Parel by possession year
5
2027
0
2028
2
2029
1
2030
2
2031

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

Metro & infrastructure near Sumit Bhoomi Avenue
  • 🛣️Worli-Sewri ConnectorUnder construction · due 20260.5 km
  • 🚇Line 11 GreenApproved0.8 km
  • 🚇Line 3 AquaOpened 20252.2 km
  • 🌉MTHL / Atal SetuOpened 20242.4 km
  • 🛣️Coastal Road (Phase 1)Opened 20242.5 km
📜 1,756 registered transactions (IGR) on record in 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 Parel prices?

Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for 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 Sumit Bhoomi Avenue located?

Sumit Bhoomi Avenue is in Parel, Mumbai.

Are flats available in Sumit Bhoomi Avenue right now?

No flats are listed in Sumit Bhoomi Avenue on Mumbai Property Exchange at the moment. Ask an advisor to be alerted when one comes up.

What configurations does Sumit Bhoomi Avenue have?

Sumit Bhoomi Avenue has 2 BHK flats.

Who is the developer of Sumit Bhoomi Avenue?

Sumit Group, with 13 projects tracked on Mumbai Property Exchange.

What configurations are available at Sumit Bhoomi Avenue?

Sumit Bhoomi Avenue offers 2 BHK configurations.

What is the price per sq.ft. at Sumit Bhoomi Avenue?

The last known price per sq.ft. at Sumit Bhoomi Avenue was ₹21500 (historical; project is sold out/delivered).

When is the possession date for Sumit Bhoomi Avenue?

Sumit Bhoomi Avenue is ready — Ready possession (delivered Jun 2014).

How many new projects are coming up in Parel?

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

What metro and infrastructure is near Sumit Bhoomi Avenue?

Worli-Sewri Connector — under construction · due 2026, 0.5 km away; Line 11 Green — approved, 0.8 km away; Line 3 Aqua — opened 2025, 2.2 km away; MTHL / Atal Setu — opened 2024, 2.4 km away. Timelines are as announced and can change.

What amenities are available at Sumit Bhoomi Avenue?

Sumit Bhoomi Avenue offers amenities including POP finished walls, Vitrified flooring, and more.

📊 Property Rates in Parel

₹21,500/sqft
This Project Rate
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🏘️ Properties in 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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