When was Mermit Tower completed and is it ready for possession?

Mermit Tower has received its completion and occupancy approvals. With a possession status of Ready to Move, buyers can move in immediately after completing purchase formalities.

Does Mermit Tower have an Occupancy Certificate (OC)?

Yes, Mermit Tower has received its Occupancy Certificate, confirming that the project is legally approved for residential use.

Where is Mermit Tower located?

Mermit Tower is located in Lower Parel, Mumbai, with the complete address being Lower Parel Mumbai, 400013.

Is Mermit Tower more expensive than under-construction projects nearby?

Ready to Move projects like Mermit Tower may be priced slightly higher, but they eliminate construction delays, GST, and rental overlap costs.

Is Mermit Tower a Ready to Move project?

Yes, Mermit Tower is a Ready to Move residential project, allowing buyers to take possession immediately without any construction wait.

Mermit Tower Lower Parel, Mumbai | Price List, Floor Plan, Reviews & RERA Details

About Mermit Tower

Mermit Tower is a budget friendly project that is well connected to major parts of the city. The project is located in Mumbai South and is close to Phoenix Mill Mall. The project offers an area of 1170 sqft. The project is a great investment option for those looking for a budget-friendly option in the city.

Mermit Tower Price List

Unit Type (Saleable)	Price*
2 BHK Apartment 1170 Sq. Ft	₹ 2.59 Cr	Check Availability

Mermit Tower Recent Updates

Last Update: Jun 2026

Jun 2026

A total of 1 residential transactions has been registered so far for Mermit Tower, amounting to ₹ 3 Cr till June 2026.

Mar 2026

Rent in Mermit Tower ranges from ₹ 1 L to ₹ 1 L with options available for 2 BHK.

Mar 2026

During Q1'2026, average property prices for Mermit Tower moved from ₹ 41,800/sqft to ₹ 43,200/sqft, reflecting a 3.35% rise.

Mermit Tower Floor Plans

2 BHK

1170 sq.ft ₹ 3.50 Cr

Representative image for Floor plan of 2 BHK 1170 Sq. Ft. Apartment in Mermit Tower, Mumbai

Floor Plans Coming Soon We're working on updating the latest floor plans. Get notified when they're ready!

Mermit Tower Amenities

Power Backup
24 x 7 Security
Fire Fighting Systems
Lift
24*7 Water Supply

Mermit Tower Specifications

Master Bedroom-Flooring	Vitrified Tiles
Other Bedrooms-Flooring	Vitrified Tiles
Living Area-Flooring	Vitrified Tiles
Bathroom	Premium Bath Fittings

Nearby Landmarks - Mermit Tower

Nearby Places

Netaji High School
College and University

0.4 km
Nmjoshi Marg Police Station
Bus Stop

0.3 km
Mansi Maternity And Surgical Nursing Home
Hospital

0.0 km

Is Mermit Tower Right for You?

Insights based on nearby schools, healthcare, connectivity, workplaces and everyday infrastructure.

For Families

Day-to-day family routines can feel easier here with schools and healthcare facilities close by. Access to nearby essentials and open spaces can also help reduce travel time for everyday activities.

Swatantryaveer Savarkar Library within walking distance
Mansi Maternity And Surgical Nursing Home nearby for healthcare access
Phoenix Palladium

For Working Professionals

Strong connectivity through key transport routes can improve accessibility and may strengthen long-term demand for the location.

Netaji High School
Phoenix Palladium

Check Travel Time

Mermit Tower RERA Details

Square Yards RERA Reg. A51800000454

Price Rates & Insights for Mermit Tower

Quarter	Child Rate	Parent Rate
Mar 2026	43200	56950
Dec 2025	41800	53800
Sep 2025	56250	49800
Jun 2025	58500	50150

Sales
Transactions

1

Gross
Sales Value

₹ 3 Cr

Registered
Rate

₹ 28,400 / Sq. Ft.

Transaction Period Jul 25 to Jun 26

Configurations	In Mermit Tower	In Lower Parel
1 BHK	-	₹ 50.8 K
2 BHK	₹ 1.2 L	₹ 1.4 L
3 BHK	-	₹ 3.6 L
4 BHK	-	₹ 4.9 L
5 BHK	-	₹ 7.2 L

₹ 57,750

Sugee Sadan

₹ 56,950

Lower Parel

₹ 47,550

Dhanji Ram Swaroop Palai Tower

₹ 45,350

Prarthna Heights

₹ 43,200

Mermit Tower

Recent Registered Transactions in Mermit Tower

Date	Floor/Unit	Tower/Wing	Area	Value	Rate/Sq.Ft.
2025-07-22	Floor 23, Unit 2402	B	1550 Sq.Ft.
2025-05-30	Floor 15, Unit 1501	N/A	1440 Sq.Ft.

Locality Insights: Lower Parel

Lower Parel is a major commercial suburb of Mumbai, located 9.5 kilometres from downtown South Mumbai. It is centrally located between Naigaon, Chinchpakoli, Worli, and Sewri. Lower Parel is home to a number of upscale residential and commercial buildings constructed by developers such as Indiabulls, Soundline Realty, Orbit, and Zeus Housing and Construction. Lower Parel's prominent residential projects include Indiabulls Sky Forest, Soundlines Florence, Orbit Grand, and Zeus Heritage.

Price Insights

Average Asking Price in Lower Parel

₹ 56,950/Sq.ft

For Apartment Based on active listings and recent trends

Property Rates in Lower Parel

Locality Snapshot

#67 In Mumbai

Great +5 More

Train routes, cabs, and buses are most frequently used by the local public

Concerning +5 More

Roads and bridges need immediate development in most areas

Know More About Lower Parel

Reviews (62)

I live here as it’s famous for corporate hubs. I enjoy the upscale vibe and great rail connectivity. I feel the neighbourhood planning is quite professional. I am near Global Hospital and J.J. Academy. My suggestions come from my experiences with high rents and constant construction noise.

— Hansaben Zaveri, Tenant

View all 62 Reviews

Properties in Mermit Tower & Top Sellers

Buy
Rent
Top Sellers

All
2 BHK

https://img.squareyards.com/secondaryPortal/optImages/IN_639151347832167891-230526120623623.jpg Cover Image

2 BHK Apartment For Sale in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 3.5 Cr

Ready to Move
1200 Sq.Ft. (Built-up Area)

Santosh Mahadev Gawade 3.8

https://img.squareyards.com/secondaryPortal/optImages/IN_639148744181970055-2005261146584658.jpg Cover Image

2 BHK Apartment For Sale in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

Price On Request

Ready to Move
1200 Sq.Ft. (Built-up Area)

Dhruv Sunil Parekh 4.5

2 properties for Sale in Mermit Tower

2 properties of 2 BHK Flats for Sale in Mermit Tower

All
2 BHK

https://img.squareyards.com/secondaryPortal/optImages/IN_639132561793437043-0105260616191619.jpg Cover Image

2 BHK + Pooja Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 2 L

Ready to Move
1500 Sq.Ft. (Built-up Area)

Wide Road
Gated Society
Well Maintained
Affordable
Family

AKKISHA PROPERTIES

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2 BHK + Pooja Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.9 L

Ready to Move
1450 Sq.Ft. (Built-up Area)

Wide Road
Gated Society
Well Maintained
Affordable
Family

AKKISHA PROPERTIES

https://img.squareyards.com/secondaryPortal/optImages/IN_639132561972022377-0105260616371637.jpg Cover Image

2 BHK + Pooja Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 2 L

Ready to Move
1240 Sq.Ft. (Built-up Area)

Wide Road
Gated Society
Well Maintained
Affordable
Family

AKKISHA PROPERTIES

https://img.squareyards.com/secondaryPortal/optImages/IN_639032511803993904-050126110620620.jpg Cover Image

2 BHK + Pooja Room,Servant Room,Study Room,Extra Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.2 L

Ready to Move
1170 Sq.Ft. (Saleable Area)

Prime Location
Near City Center
Gated Society
Family
Bachelors

Pramod Kumar gupta 4

https://img.squareyards.com/secondaryPortal/IN_639011495077561304-1212250318271827.jpg Cover Image

2 BHK + Study Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.25 L

Ready to Move
1170 Sq.Ft. (Saleable Area)

Safe & Secure Locality
Affordable
Newly Built
Family
Ample Parking

Gangeshwar Dhardubey 4.7

https://img.squareyards.com/secondaryPortal/optImages/IN_639070334967138340-1802260544564456.jpg Cover Image

2 BHK + Pooja Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.2 L

Ready to Move
900 Sq.Ft. (Carpet Area)

Gated Society
Safe & Secure Locality
Family
Quick Deal
Plenty of Sunlight

Vijay Pawar

https://img.squareyards.com/secondaryPortal/optImages/IN_639074775854424129-230226090625625.jpg Cover Image

2 BHK Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.25 L

Ready to Move
1170 Sq.Ft. (Saleable Area)

Prime Location
Safe & Secure Locality
Family
Bachelors
Quick Deal

Gangeshwar Dhardubey 4.7

https://img.squareyards.com/secondaryPortal/optImages/IN_639042646014471873-1701260436413641.jpg Cover Image

2 BHK Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.2 L

Ready to Move
900 Sq.Ft. (Carpet Area)

Prime Location
Safe & Secure Locality
Well ventilated
Family
Bachelors

shiv prakash 5

https://img.squareyards.com/secondaryPortal/IN_639023660054855190-2612250513251325.jpg Cover Image

2 BHK + Pooja Room,Study Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.3 L

Ready to Move
800 Sq.Ft. (Carpet Area)

Prime Location
Gated Society
Safe & Secure Locality
Family
Bachelors

UMAKANT HARISHCHAND GUPTA 5

https://img.squareyards.com/secondaryPortal/IN_639009493920630383-1012250743124312.jpg Cover Image

2 BHK + Pooja Room Apartment For Rent in Mermit Tower Lower Parel, Mumbai

Lower Parel, Mumbai

₹ 1.2 L

Ready to Move
950 Sq.Ft. (Carpet Area)

Gated Society
Safe & Secure Locality
Family
Quick Deal
Plenty of Sunlight

Vijay Pawar

22 properties for Rent in Mermit Tower

10 properties of 2 BHK Flats for Rent in Mermit Tower

Chandrabhan Matadin Gupta Om Ealty

Resale Listings: 1
Rental Listings: 33

5

Umakant Harishchand Gupta Pari Reality

Resale Listings: 11
Rental Listings: 64

4

Pramod Kumar Gupta Mumbai

Resale Listings: 14
Rental Listings: 143

4.7

Gangeshwar Dhardubey Reva Prime Reality

Resale Listings: 14
Rental Listings: 141

5

Dilip Kumar Arohi Realty

Rental Listings: 108

About Millennium Group Builders And Developers

Total Projects 4
Delivered Projects3

How does Mermit Tower compare with other top projects?

Compare Mermit Tower with similar projects. Evaluate pricing, configurations, possession timelines, and project scale to find the best fit for your needs. The Honest Take

current Project

Mermit Tower

Lower Parel, Mumbai

Price ₹3.50 Cr

Per Sq. Ft ₹22,222 Per Sq. Ft

Configuration 2 BHK Flats

Unit Size 1170 Sq. Ft

Possession N/A

Status

Ready to Move

RERA No.

A51800000454

Lodha Venezia

Parel, Mumbai ★ 4.5

Price ₹4.18 Cr - 6.96 Cr

Per Sq. Ft ₹38,563 Per Sq. Ft

Configuration 2, 3, 4 BHK Flats

Unit Size 850 to 1416 Sq. Ft

Possession Dec 2017

Status

Ready to Move

RERA No.

P51900005378

Sugee Sadan

Dadar West, Mumbai

Price ₹2.03 Cr - 4.15 Cr

Per Sq. Ft ₹28,050 Per Sq. Ft

Configuration 1, 2, 3 BHK Flats

Unit Size 724 to 1481 Sq. Ft

Possession N/A

Status

Ready to Move

RERA No.

A51800000454

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Frequently Asked Questions About Mermit Tower

Q: When was Mermit Tower completed and is it ready for possession?

Mermit Tower has received its completion and occupancy approvals. With a possession status of Ready to Move, buyers can move in immediately after completing purchase formalities.
Q: Does Mermit Tower have an Occupancy Certificate (OC)?

Yes, Mermit Tower has received its Occupancy Certificate, confirming that the project is legally approved for residential use.
Q: Where is Mermit Tower located?

Mermit Tower is located in Lower Parel, Mumbai, with the complete address being Lower Parel Mumbai, 400013.
Q: Is Mermit Tower more expensive than under-construction projects nearby?

Ready to Move projects like Mermit Tower may be priced slightly higher, but they eliminate construction delays, GST, and rental overlap costs.
Q: Is Mermit Tower a Ready to Move project?

Yes, Mermit Tower is a Ready to Move residential project, allowing buyers to take possession immediately without any construction wait.

i *Disclaimer

This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.

*Real Estate (regulation & development) act 2016.