Neumec EleganceSold Out in Lower Parel
📍 Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel · by Neumec Group
Neumec Elegance is a sold out residential project by Neumec Group at Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel. The configurations on record are 1 BHK of 465 and 490 sq ft carpet. This page is Real Estate Mumbai's read on Neumec Elegance against the resale and rental market in Lower Parel — 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 Neumec Elegance would rent for
Lower Parel has 506 live rentals on Real Estate Mumbai today, at a median of ₹5.25 L a month — about ₹257 per sq ft of carpet a month (middle half ₹197–₹318).
At today's rates that makes a 465 sq ft 1 BHK roughly ₹1.2 L a month and a 490 sq ft 1 BHK roughly ₹1.26 L a month.
At ₹23,800 per sq ft, that is a gross rental yield of about 13.0% — 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 | Lower Parel rent today | Estimated rent | Gross yield |
|---|---|---|---|---|
| 1 BHK | 465 sq ft | ₹257/sq ft/mo (506 live) | ≈ ₹1.2 L/mo | ~13.0% |
| 1 BHK | 490 sq ft | ₹257/sq ft/mo (506 live) | ≈ ₹1.26 L/mo | ~13.0% |
Estimate = carpet area × the live median rent per sq ft for that configuration in Lower Parel on Real Estate Mumbai. Indicative; a new building with sea views can command more.
The resale market Neumec Elegance competes with
450 resale homes are on the market in Lower Parel right now, median ₹13.5 Cr at ₹63,086 per sq ft; the middle half asks ₹55,249–₹76,667. Listings are on average 29 days old.
Neumec Elegance prices at ₹23,800 per sq ft — 62% below the resale median and below most 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 Lower Parel asks a median ₹67,391 per sq ft (125 live).
Where Lower Parel prices are moving
Real Estate Mumbai's Lower Parel price index reads 107.8 for Sep 2026 (base 100), a median asking ₹58,989 per sq ft across 458 listings, up 0.7% on the month. By configuration: 1 BHK ₹44,217, 2 BHK ₹55,924, 3 BHK ₹66,553, 4 BHK+ ₹69,262 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Sep 2026 | ₹58,989 | 107.8 | +0.7% | 458 |
| Aug 2026 | ₹58,595 | 107.1 | +7.1% | 380 |
| Jul 2026 | ₹54,699 | 100.0 | — | 405 |
Real Estate Mumbai price index, computed monthly from live asking prices in Lower Parel (base 100). Asking, not registered, prices.
Ready homes in Lower Parel you can buy or rent today
Real Estate Mumbai's own listings — the honest alternative to waiting for a launch. 1 BHK and larger first.
About Neumec Elegance
This is one of the project developed by Neumec Group and enjoys an exclusive surrounding.
Amenities
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Project video
Available flats in Neumec Elegance
8 verified resale & rental listings currently available in Neumec Elegance, Lower Parel.
Next steps — clarity before you step out
Want the other side of the argument? Ask for our second opinion on WhatsApp — Neumec Elegance against the ready homes above, for your budget.
Neumec Elegance — the questions investors ask
What rent can a flat in Neumec Elegance earn?
Is Neumec Elegance priced above resale in Lower Parel?
Are prices in Lower Parel rising?
What can I buy in Lower Parel today instead?
How do I get the price list or a site visit for Neumec Elegance?
What flats are available in Neumec Elegance?
Who is the builder of Neumec Elegance?
What is the possession status of Neumec Elegance?
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 Neumec Elegance
Veer Santaji Lane, Off Ganpat Rao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel · Neumec Group
