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Neelkanth Prajakt Old Panvel, Navi Mumbai
About Neelkanth Prajakt, Old Panvel by Neelkanth Group Panvel
Introducing Neelkanth Prajakt, a premier residential project located in the heart of Old Panvel, with direct connectivity to the prominent Mumbai Pune National Highway. This project is registered under the Maharashtra Real Estate Regulatory Authority (RERA) with registration number P52000013574. With a focus on providing a luxurious living experience, Neelkanth Prajakt offers a range of modern amenities and conveniences.
Residents of Neelkanth Prajakt can enjoy a host of amenities, including power backup and kids play areas/sand pits for the little ones. The project s specifications include master bedrooms with oil-bound distemper walls, ensuring the highest standards of quality and finishing. Whether you re looking for a comfortable living space or a perfect investment opportunity, Neelkanth Prajakt is the perfect choice for you.
If you re looking to invest in a property that combines luxury, convenience, and affordability, look no further than Neelkanth Prajakt. With its strategic location and modern amenities, this project is sure to deliver long-term value and satisfaction.
Available Unit OptionsThe following table outlines the available unit options at Neelkanth Prajakt:
| Unit Type | Area (Sq. Ft.) | Price (Rs.) |
| 2 BHK Apartment | 468 | on request |
- Rainbow Kids School is just 0.78 km away, catering to the educational needs of children.
- Lifeline Hospital is 0.89 km away, ensuring timely medical attention in case of an emergency.
- Karnala Sports Academy is 0.63 km away, providing a hub for sports and recreational activities.
- Hotel Shivshambo is 1.02 km away, perfect for guests and visitors.
- D Mart New Panvel is 1.28 km away, offering a range of shopping and dining options.
- Parth Solitaire is 4.85 km away, serving as a prominent business hub.
According to the latest government records, the real estate market has showcased a slight dip in rental rates over the past three months, with a current rate of 9,219 and a price movement of - 134. While the short-term trend may indicate a slight decline, the long-term picture presents a more optimistic outlook. Over the six-month period, the current rate still remains at 9,219, with a price movement of - 238. In a more significant shift, the market has seen a positive uptrend over the past year, with a current rate of 9,219 and a price movement of + 306. This demonstrates the resilience of the market, with government-registered transactions indicating a booming real estate activity in the long-term.
Neelkanth Prajakt Floor Plans and Pricing
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Neelkanth Prajakt Price Trends and Market Insights
Price Trends
Neelkanth Prajakt's average asking price is cooling quarter-on-quarter, compared with Old Panvel.
- Current asking price
- ₹ 10,300/sq.ft.
- Quarter over quarter price change
- -8.0% QoQ
Comparable Projects
Neelkanth Prajakt avg. price is ₹ 10.3 K/Sq.Ft. compared to Old Panvel at ₹ 15.1 K/Sq.Ft.
Recent Updates
Get the latest price and market updates for Neelkanth Prajakt.
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Panvel-Karjat Corridor Nears Completion, MRVC Accelerates Mumbai Rail Upgrades
Mumbai Railway Vikas Corporation (MRVC) has made significant progress on suburban rail projects. The Panvel-Karjat New Suburban Corridor is nearing completion, The Virar-Dahanu Road Quadrupling Project is progressing fast. Signalling and telecommunication works have been commissioned at Kelve Road station.
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Navi Mumbai International Airport to Strengthen Cargo Operations Amidst Mumbai Airport Upgrades
Navi Mumbai International Airport is emerging as a crucial alternative for cargo operations as Mumbai Airport undergoes runway and taxiway upgrades, leading to a temporary suspension of its freighter services. Airlines like Cathay Cargo, Air France, and Lufthansa Cargo are exploring or confirming shifts to Navi Mumbai.
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International Flights to Begin from Navi Mumbai Airport on July 15
Navi Mumbai International Airport will commence international passenger and cargo operations from July 15, 2026. Airlines such as Air India Express and IndiGo are slated to operate international flights from the Adani Group-owned facility.
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During Q2'2026, average property prices for Neelkanth Prajakt moved from ₹ 9,650/sqft to ₹ 11,200/sqft, reflecting a 16.06% rise.
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CIDCO Initiates Bidding for Navi Mumbai Logistics Park
CIDCO has launched the bidding process for the first phase of a 925-acre Integrated Logistics Park (ILP) at Pushpak Node, Navi Mumbai. This is expected to be one of the largest logistics infrastructure projects in the Mumbai Metropolitan Region. The first phase involves leasing approximately 174 acres near Chirle village.
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Navi Mumbai Inaugurates Flyover Linking Palm Beach Road To Sion-Panvel Highway
A new arm flyover connecting Palm Beach Road to the Sion-Panvel Highway was inaugurated in Vashi Sector 17. This 290-meter flyover, built by the Navi Mumbai Municipal Corporation (NMMC) at a cost of ₹18.32 crore, provides a direct route for commuters traveling towards Pune. It is expected to significantly ease traffic congestion and reduce travel time by 10-15 minutes, eliminating the need for detours via Sanpada. The project addresses a key gap in Navi Mumbai's road network, improving connectivity and overall planning.
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During Q1'2026, average property prices for Neelkanth Prajakt moved from ₹ 8,300/sqft to ₹ 9,650/sqft, reflecting a 16.27% rise.
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A total of 15 out of 22 launched units have been booked as of March 2026, including 56% of RESIDENTIAL(9 out of 16), 100% of COMMERCIAL (6 units).
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Navi Mumbai Metro Line 8 Alignment Finalized to Link Airports
The alignment for Navi Mumbai Metro Line 8 has been finalized, aiming to create a direct metro connection between Chhatrapati Shivaji Maharaj International Airport (CSMIA) and the upcoming Navi Mumbai International Airport (NMIA). The metro will pass through Vashi, Sanpada and Juinagar along the Sion–Panvel Highway.
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Central Railway will operate a Mega Block on its suburban sections on September 21 for engineering and maintenance works, affecting UP and DOWN FAST lines between Thane and Kalyan stations from 10:40 a.m. to 3:40 p.m. Down Fast/Semi-Fast locals from CSMT will be diverted on the Down Slow line, stopping at Kalva, Mumbra, and Diva stations, arriving 10 minutes late.
Amenities & Specifications of Neelkanth Prajakt
Sports
- Kids' Play Areas / Sand Pits
Convenience
- Power Backup
- Treated Water Supply
- 24*7 Water Supply
Safety
- 24 x 7 Security
Environment
- Normal Park / Central Green
Leisure
- Indoor Games
Specifications
- Master Bedroom-Walls
- Oil Bound Distemper
- Master Bedroom-Flooring
- Vitrified Tiles
- Other Bedrooms-Flooring
- Vitrified Tiles
- Walls
- Oil Bound Distemper
- Living Area-Flooring
- Vitrified Tiles
Location and Connectivity Around Neelkanth Group Panvel Old Panvel

Connecting Roads
Trust & Verification
RERA Details of Neelkanth Prajakt
P52000013574
Neelkanth Prajakt
Rera Url:
- Square Yards RERA Reg. A51800000454
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Neelkanth Group Panvel Track Record
Frequently Asked Questions About Neelkanth Prajakt
This project offers 2 BHK apartments with an area of 468 Sq. Ft.
This project features amenities such as kids play areas, power backup, 24x7 security, and indoor games.
The project is strategically located near the Mumbai Pune National Highway, making it easily accessible.
The project status is Ready to Move.
Yes, this project is RERA-registered with Project RERA Number P52000013574.
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.