Sumit Group, an NSE listed company, is a growing contributor to Mumbai and Goa’s real estate evolution. The company has consistently committed to quality and innovation, with an extensive portfolio of 65+ projects spanning approximately 50 lakh square feet. The company’s expertise in steering intricate development schemes and regulatory frameworks has positioned it as a trusted name, delivering projects that redefine urban spaces while upholding the highest transparency and ethical practices.
Sumit Group’s
Mission—To set new standards in eco-friendly living and provide comfort and convenience to the entire community. By focusing on sustainable development, we aim to create lifestyle-enhancing benchmarks that not only meet today’s needs but also ensure a greener and more harmonious future for all.
Vision – To create lifestyle-enhancing, eco-friendly benchmarks that provide comfort and convenience to the community.
- Values –
- Innovation
- Trust
- Quality
- Customers Centricity
- Teamwork
- Social Responsibility
Let’s delve into the innovative real estate practices of Sumit Group:
Commitment to Enhancing Urban Living Spaces
Established in 1986 by industry visionaries Mr. Subodh Nemlekar and Mr. Mitaram Jangid, Sumit Group has become a symbol of precision and excellence in real estate development. With nearly four decades of experience, the company has established itself as one of Mumbai and Goa’s most trusted developers, delivering quality projects that meet the highest design and construction standards. Over the years, Sumit Group has completed 65+ projects, encompassing a total built-up area of more than 50 lakh square feet, while rehabilitating thousands of families.
Since its inception, Sumit Group has steadfastly committed to enhancing urban living spaces. The company’s journey is marked by remarkable residential and commercial real estate achievements, with its projects extending across Mumbai—from Virar to Churchgate—and Goa.
Sumit Group’s expertise spans diverse development segments, including:
- Open Plots/Freehold Land
- Society Redevelopment Ÿ SRA (Slum Rehabilitation Authority) Projects
- MHADA (Maharashtra Housing and Area Development Authority) Developments
- Collector’s Land Projects
- Amenity Plots
- Projects developed under various DCPR schemes, like 33-5, 33-7, 33-9, 33-11, and 33-12 schemes.
Looking to the future, Sumit Group has set its sights on delivering an additional approximately 15 lakh square feet through ongoing and upcoming projects, cementing its place as a key contributor to Mumbai’s urban transformation. They eagerly look forward to landmark projects that will add to their profile.
After the COVID-19 pandemic, redevelopment projects have gained immense momentum, driven by rising demand for safe and sustainable housing. Over the next five years, the real estate sector is expected to witness a surge in redevelopment initiatives, especially in Mumbai, where space constraints necessitate the transformation of aging buildings into new, improved living spaces with various amenities to upgrade lifestyles. Sumit Group is actively focusing on redeveloping residential buildings, ensuring quality housing and enhanced amenities for communities across the city.
Experienced Leadership Team
At the core of Sumit Group’s success is its experienced leadership team, whose collective expertise has guided the company through various challenges, ensuring its continued growth and market credibility.
Mr. Mitaram Jangid (Co-founder and Managing Director)
With over 40+ years of experience in the construction industry, Mr. Mitaram Jangid is determined and has built an impeccable reputation for reliability and quality. As the Managing Director & Co-Founder, he oversees the company’s design development activities and monitors the overall progress of all projects. His vision has helped co establish Sumit Group as a trusted name in Mumbai and Goa.
Mr. Subodh Nemlekar (Co-Founder and Non-Executive Director)
Mr. Subodh Nemlekar brings his own 40+ years of industry experience. As a Director, he focuses on marketing, public relations, and business development activities, driving the company’s growth through strategic partnerships and brand building initiatives.
Mr. Bhushan Nemlekar (Whole-Time Director)
A visionary leader, Mr. Bhushan Nemlekar heads the sales and project financing departments. His strategic marketing approach has been instrumental in achieving Sumit Group’s corporate goals and objectives, ensuring the company remains ahead in an increasingly competitive market.
Ms. Amruta Jangid (Head of Marketing and Branding Operations)
As the Head of Marketing and Branding, Ms. Amruta Jangid handles all RERA-related activities for Sumit Group’s projects. Her expertise extends to interiors and amenities, ensuring each project resonates with modern aesthetics and functionality. Her contributions to marketing strategies have further strengthened Sumit Group’s brand presence.
Commitment to Quality Construction and Timely Delivery
Sumit Group is proud to be a member of prestigious industry bodies such as NAREDCO, CREDAI-MCHI & BDA. These affiliations underscore the company’s dedication to ethical practices, transparency, and adherence to industry best practices.
Sumit Group has successfully catered to diverse markets and consumer preferences with a portfolio that spans the lively metropolis of Mumbai and the serene areas of Goa. The company’s projects in Mumbai range from the Western Suburbs to South Bombay, with noteworthy developments across prominent regions such as Borivali, Kandivali, Matunga, Santacruz, Andheri, Vile Parle, etc.
In Goa, Sumit Group has introduced thoughtfully designed residential projects that blend modern architecture with the region’s unique cultural charm.
One of Sumit Group’s defining attributes is its ability to deliver projects exceeding customer expectations. This is evident in the company’s commitment to:
- Quality Construction: Ensuring the highest standards of workmanship and materials in every project.
- Timely Delivery: Following project timelines to maintain customer trust and satisfaction.
- Innovative Designs: Incorporating modern architectural trends and functional layouts that maximize space and utility.
Legacy of Compliance and Customer-Centric Approach
The company’s legacy of delivering all projects with OC demonstrates its compliance with statutory norms and customer-centric approach.
As Mumbai develops into a global urban hub, Sumit Group remains steadfast in its mission to contribute meaningfully to the city’s transformation. Through its redevelopment projects, the company is enhancing the city’s skyline and uplifting the quality of life for its residents.
Redevelopment offers a unique opportunity to replace old structures with modern housing complexes with state-of the-art amenities. Sumit Group’s projects are designed to align with the growing needs of urban dwellers, offering sustainable and comfortable living spaces.
With a robust pipeline of ongoing and upcoming projects, Sumit Group is poised to deliver innovative solutions for Mumbai’s real estate market.
Transparency and Accountability
For over 38 years, Sumit Group has demonstrated a relentless commitment to:
- Customer Satisfaction: Putting clients’ needs first and delivering solutions tailored to their requirements.
- Ethical Practices: Upholding transparency, fairness, and accountability in all business dealings.
- Market Responsiveness: Adapting to industry trends and economic shifts to provide innovative and relevant offerings.
For over 38 years, Sumit Group has stood as a beacon of unwavering commitment to precision and excellence in real estate development. They’ve meticulously crafted spaces that families and communities hold dear. Their legacy boasts over 50 lakh square feet of exceptional real estate, with approximately 15 lakh square feet under construction.
Through their work, Sumit Group has had the privilege of enriching countless lives, turning visions into vibrant realities and contributing to the growth and prosperity of the communities they serve. Sumit Group’s dedication to quality and innovation remains as steadfast as ever, driving them to continue their journey of building spaces that inspire and endure.
The places where we live and work majorly affect our well-being. Sumit Group’s commitment to serving society, spanning almost four decades, does not stop at developing projects but extends beyond that.
They undertake society redevelopment projects to transform the city’s landscape and give better living space to the weaker sections of society. Sumit Group has built its reputation on financial strength, the ability to respond quickly to opportunities in the marketplace and a history of positive performance on behalf of their clients.
Traditional real estate boundaries do not confine Sumit Group regarding buying, selling or asset management. Instead, it is coming up with new, innovative ways to satisfy our clients’ needs and be the leading company in the real estate industry.
And with every transaction, they stress creative solving and judicious application of sound real estate principles. Sumit Group takes pride in calling themselves Redevelopment specialists, having completed over 65+ projects across Mumbai & Goa.
Over 38+ years, Sumit Group has steadfastly prioritized quality project delivery, meticulous attention to detail, and the creation of spaces cherished by families and communities. Beyond their impressive approx. 50+ lakh square feet of construction and delivery, their most incredible pride lies in the countless lives they’ve positively impacted. Sumit isn’t just about buildings; it’s about their profound influence on individuals and communities, turning their residences into sources of happiness and belonging. They persistently uphold this vision, dedicated to crafting spaces that inspire joy and a sense of belonging.
At Sumit Group, they’re committed to the highest standards, transforming the MMR’s skyline and setting new benchmarks for luxury. Their Projects are synonymous with architectural simplicity and sustainable design, offering a harmonious blend of aesthetics and functionality. Catering to a diverse clientele, their projects ensure amenities and facilities are suitable for all, from the young to the elderly.
Since their inception in 1986, they have heralded the rise of insightful design and eco-friendly construction technologies. Today, this commitment to excellence is converting millions of square feet of Mumbai into gated communities, premium townships, standalone landmarks and commercial spaces, each embedded with their unique design thinking approach.
Sumit Group’s vision is clear. They are dedicated to crafting communities and high-quality homes that stand as testaments to sustainable value and innovation within the real estate sector. Their unwavering commitment to quality is the cornerstone of their success.
Their meticulously designed spaces consistently surpass expectations, offering exceptional living experiences to their residents. They take pride in anticipating market trends and providing diverse solutions to meet evolving needs, making them a leader in the industry.
Sustainability is at the core of their ethos. They actively work to reduce ecological footprints through their projects, and their ethical practices nurture enduring relationships with our stakeholders.
Their asset-light business model sets them apart, driving innovation and fostering growth. This approach enables them to set benchmarks in India’s real estate industry, constantly pushing the boundaries of what is possible.
In 2018, Sumit Group achieved a significant milestone by being listed on the National Stock Exchange (NSE), marking a new chapter in its journey of growth and transparency. This accomplishment reflected the company’s robust financial foundation and commitment to high corporate governance standards. The listing enhanced Sumit Group’s credibility in the real estate sector. It opened new avenues for growth by enabling greater access to capital markets, strengthening its ability to deliver exceptional redevelopment and urban living solutions.
Sumit Group marked a remarkable achievement in 2024 by completing and obtaining OC for three flagship projects: Sumit One in Borivali (W) in January, Arcenciel in Mulund (W) in April, and Sumit Atulyam in Matunga (W) in July. The timely handover of possession to clients underscored the group’s dedication to quality and reliability. Additionally, the completion of Sumit Gurukrishna in Vile Parle (E), which is currently awaiting its OC, further demonstrates Sumit Group’s consistent focus on delivering premium redevelopment projects that redefine urban living.
Sumit One, Borivali (W)
Sumit One, Borivali (W), a prestigious redevelopment project by Sumit Group, is a G+19 standalone building offering spacious 2, 3, and 4 BHK apartments. Strategically located at the epicenter of Borivali West, it boasts unrivaled connectivity with S.V. Road, New Link Road, the metro station, Western Express Highway, and the railway station nearby.
After receiving its Commencement Certificate (CC) in September 2021, the project achieved significant milestones, including plinth completion and full CC in March 2022, followed by RCC completion in March 2023. Designed with modern amenities such as an indoor and outdoor kids’ play area, a gym, podium parking with a ramp, and a car lift, Sumit One redefines urban living.
Arcenciel, Mulund (W)
Arcenciel, Mulund (W), an open plot development, is a G+22-story standalone building featuring 2—and 3-BHK residences. It is located in Mulund West and offers excellent connectivity to Mulund and Nahur railway stations, Goregaon-Mulund Link Road, and the Eastern Express Highway. After receiving its CC in September 2019, the project achieved full CC in February 2021, completed RCC in March 2023, and received its OC in April 2024.
Boasting amenities like a kids’ play area, senior citizens’ zone, gym with steam and massage rooms, indoor games, a swimming pool, and an Amphitheatre on the podium, the project celebrated its completion with a grand event on Akshay Tritya, where homeowners were handed their keys in a joyous ceremony.
Sumit Atulyam, Matunga (W)
Sumit Atulyam, Matunga (W), is a flagship redevelopment project by Sumit Group, featuring a G+21 story tower with two wings offering luxurious 2 and 3 BHK residences with balconies. Strategically located amidst landmarks like Shivaji Park, Bombay Scottish School, Dadar Viewing Deck, Hinduja Hospital, Ruparel College, and Matunga West Railway Station, it embodies the perfect blend of modernity and tradition. Built on half an acre of land, Sumit Atulyam redefines spaciousness and openness.
After receiving its CC in October 2021, the project achieved full CC in March 2022 and completed RCC in record time by August 2023. It caters to all generations and is equipped with lifestyle amenities like podium parking with a 6-meter-wide ramp, kids’ play areas, a fitness center, a swimming pool, net cricket turf, yoga space, and terrace seating. Sumit Atulyam received its OC in July 2024, marking the handover of possession keys to delighted homeowners.
Sumit Group’s upcoming ventures showcase its diverse portfolio and strategic expansion across Mumbai. These include redevelopment projects in Malad (E), Santacruz (E), and Dadar, a commercial redevelopment project in Borivali (W), and cluster redevelopment projects in Mahim and Prabhadevi. Additionally, an open plot standalone building in Bhayandar further reflects the group’s versatility and commitment to transforming urban landscapes across various locations.
Sumit Gurukrishna, Vile Parle (E)
Sumit Gurukrishna, Vile Parle (E), is a thoughtfully designed redevelopment project by Sumit Group, featuring a G+8 story building with three wings offering elegant 2 and 3 BHK residences. Nestled in the heart of Vile Parle (E), it boasts an exclusive address with seamless connectivity to key landmarks such as Vile Parle Railway Station, Chhatrapati Shivaji Maharaj International Airport, Gundavali Metro Station, and renowned institutions like NM College and Sathaye College.
The project received its CC in November 2021, achieved full CC in February 2024, and completed RCC in May 2024. Equipped with amenities like a fitness center and an outdoor kids’ play area, the project is now entirely constructed and awaits its OC to hand possession to homeowners.
Sumit Bells I, Nuvem – Goa
Sumit Bells I, Nuvem – Goa, is the final offering in a series of open plot developments featuring villa-themed row houses. Nestled in the heart of Goa, it blends relaxed living with modern luxury, offering three master-bedroom homes designed for optimal space utilization and a seamless family experience.
Its prime location ensures connectivity to Dabolim Airport, Margao Railway Station, Majorda Beach, and Margao Market while embracing the tranquility of Goa’s scenic landscape. This gated community boasts thoughtfully designed living spaces with amenities like a clubhouse for celebrations, a fitness center, a yoga area, indoor and outdoor kids’ play areas, and private car parking for each home—providing the perfect balance of nature, privacy, and luxury.