Synthetic data is an annotated information that computer simulations or algorithms generate as an alternative to real-world data. synthetic data is created in digital worlds rather than collected from or measured in the real world. Embodiments herein provide a method and system for generating synthetic data with domain adaptable features using a neural network. The system is configured to receive seed data from a source domain as an input data. The seed data is considered as a normal state of a machine. The normal state, which is an initial stage of the source domain, consists of a set of features with a certain range of values. Further, a neural network based model is used to generate high quality data with adaptation of the domain specific features. To obtain large amount data for training robust deep learning models to adapt domains emphasizing set of features/providing higher importance selectively.