Sumit Bhoomi Avenue Sold Out in Parel
Sumit Bhoomi Avenue in Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal, Parel by Sumit Group is a sold out 2 BHK residential project at ₹21,500/sq ft. Ready resale 2 BHK flats in Parel ask a median ₹48,209 per sq ft carpet. Updated 6 Mar 2026.
📍 Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal., Parel · by Sumit Group
Sumit Bhoomi Avenue is a sold out residential project by Sumit Group at Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal, Parel. The configurations on record are 2 BHK. Project facts and property enquiries for Sumit Bhoomi Avenue, Parel. Recorded developer status is separate from resale and rental availability; reconfirm each listing.
Mumbai Property Exchange (MahaRERA agent A51800043517) · Real Estate Mumbai · since 1995
Sumit Bhoomi Avenue floor plans
Plans as shared by the developer; check the carpet area in the MahaRERA record and the agreement.
Sumit Bhoomi Avenue: price, rent, infrastructure and growth
| Measure | Figure | What it means |
|---|---|---|
| Project pricing | ₹21,500 /sq ft | Developer rate on record. Confirm the carpet basis and current price list. |
| Parel micro-market rate | ₹48,699 /sq ft | Resale median across 132 live Parel listings; middle half ₹42,766–₹56,029. This project asks 56% less than resale. |
| Rent potential | ₹163 /sq ft a month | Median asking rent in Parel, 121 live listings. At the project rate that is about 9.1% gross a year before costs. |
| Scope of capital appreciation | Good | Because of: priced close to (or below) ready resale; rental yield around 9.1%. Our reading of the figures above, not a forecast or advice. Speak to our team before you invest. |
About these comparisons
There are not enough recent, comparable observations to publish a rental estimate for this project's recorded configurations. 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.
The resale market Sumit Bhoomi Avenue competes with
35 recent 2 BHK residential asking-price observations in Parel: median ₹3.8 Cr, or ₹48,209 per sq ft of carpet. The middle half asks ₹42,749–₹53,145 per sq ft. These are listing observations, not unique homes or registered transactions.
Where Parel prices are moving
Real Estate Mumbai's Parel price index reads 96.5 for Nov 2026 (base 100), a median asking ₹49,691 per sq ft across 362 listings, down 0.6% on the month. By configuration: 1 BHK ₹38,461, 2 BHK ₹48,726, 3 BHK ₹46,428, 4 BHK+ ₹65,149 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Nov 2026 | ₹49,691 | 96.5 | -0.6% | 362 |
| Oct 2026 | ₹49,966 | 97.0 | +0.8% | 396 |
| Sep 2026 | ₹49,584 | 96.3 | -1.5% | 408 |
| Aug 2026 | ₹50,323 | 97.7 | -2.3% | 322 |
| Jul 2026 | ₹51,513 | 100.0 | — | 382 |
Real Estate Mumbai price index, computed monthly from live asking prices in Parel (base 100). Asking, not registered, prices.
Everything we do in Parel
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Property listings in Parel
Listed resale and rental options. Reconfirm availability before arranging a viewing. 2 BHK and larger first.
About Sumit Bhoomi Avenue
In close proximity to Lower Parel, Chinchpokli and Currey Road, railway station. A stones throw away from major shopping/entertainment zones like Dadar, Phoenix City, Hind Mata etc. In close vicinity to K.E.M and Wadia Hospitals.
Amenities
Project video
Next steps — clarity before you step out
Want the other side of the argument? Ask for our second opinion on WhatsApp — Sumit Bhoomi Avenue against the ready homes above, for your budget.
Sumit Bhoomi Avenue — the questions investors ask
What is the price of Sumit Bhoomi Avenue, Parel?
What are comparable resale asking prices in Parel?
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Who is the builder of Sumit Bhoomi Avenue?
What is the possession status of Sumit Bhoomi Avenue?
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 Sumit Bhoomi Avenue
Nr, Income Tax Office Ganesh Galli . Sarvajanik Utsav mandal., Parel · Sumit Group