Parel, Mumbai
- Property Types
- Apartments
- Nearby Localities
- Tilak Nagar, Lalbaug, Sewri, Dadar East, Byculla, Lower Parel, Upper Worli, Manor, Dadar West, Worli
About
Parel, Mumbai Review
Location and Favorability
In Mumbai South, Parel is one of the most sought-after places. Thanks to its strategic spot and developed facilities, it is a top spot in the city. The area includes residential, commercial, and industrial sections.
Property Cost
- Average Cost per Sqft: Parel's property prices range from ₹35,778 to ₹44,450 per square foot, mostly depending on specific sub-localities.
- Pricing Spectrum per Sqft: Starting from ₹3,988 to reaching a top of ₹61,956.
- Year-Over-Year Growth: Property rates climbed by 9.02% in the past year.
Sub-Locality Price Patterns
- Lal Baug: Average cost reaches ₹37,039 per sqft, fluctuating between ₹30,666 and ₹47,272.
- Saidham Nagar: The average stands at ₹31,680 per sqft, from ₹20,000 to ₹49,570.
- Bhoiwada: The mid-range is at ₹32,766 per sqft, varying from ₹25,333 to ₹35,000. Seeing an 8.9% yearly rise.
- Dighe Nagar: Averages ₹48,576 per sqft, moving from ₹33,478 to ₹61,956.
Property Classes and Layouts
- Homes: Parel includes all sorts of dwellings such as flats, villas, and builder floors with various choices.
- Rental: There are many rental possibilities like 1 RK, 1 BHK, and 2 BHK flats, costing between ₹22,000 to ₹30,000 per month.
Facilities and Setup
- Jobs Hub: Proximity to employment and commercial zones.
- Schools and Colleges: Close access to academia.
- Healthcare: Nearby major hospitals and healthcare services.
- Transport: Well-linked by public transit.
Investing in Rentals
- Price Rise: The area has grown in price, raising by 6.1% this year and 21.3% in the last three years.
- Rental Return: The area offers good rental opportunities for investors.
Summary by PropertyWala
Parel in Mumbai offers a promising chance for both renters and buyers because of its realty market trends. With a top-level spot, good amenities, and big price rise, it looks attractive. From buying to renting, knowing about price trends and sub-area variations can assist in making smart choices. Both commercial and residential properties add to its appeal, plus its mix of amenities and ease of access.
Reviews
Parel is centrally located. All facilities available. All banks and big hospitals are nearby.
Pros
- All banks available
- Major hospitals nearby
Parel has become a residential hub, as it is close by to Lower Parel which is now declared as a commercial hub,
Its a locality with good accessibility with less traffic. The factory outlets, malls, multiplex, hospital, schools all are at a walkable distance which makes it a comfort zonal locality. Keeping all this in mind, All the leading developers have come here with their projects like kalpataru, Ashoka-Peninsula, PIRAMAL, Anchor, L&T & many more..Pros
- Good Location
- A silent and open space,
- Good accessibility
Parel is a very well connected centrally located areas of Mumbai, there is a very recent demand in the market for properties in and around Parel with good Factory outlet shopping area.
Pros
- Very good connectivity
- Low traffic area
- Centrally Located
Cons
- Near to Income Tax office
- More of Corporate based business zone
Parel is an upcoming Business Hub. Surrounded by Hospitals. Connected by railways and public transport.
Pros
- Major Playing Grounds for children & elders.
- Best Location
Cons
- Overly Crowded at Peak Hours.
A center of connectivity to almost all places. Parel is very well located one of the fastest developing neighborhoods at Mumbai. This area was dominated by textile mills near by Ashok Towers one of the tallest buildings in Mumbai.
Pros
- Availability of good shopping centers, stores, cinema halls, schools
- Well Planned Area
- Well Connected with City
Parel is a sweet spot in the Mumbai city. This place is enclosed by the western and central railways on its west and the Harbour railways on its eastern side. All the three railways are easily accessible from Parel and also the new mono rail cuts across this place. Many newcomers to Aamchi Mumbai mistake Parel to "Lower Parel" (Lower Parel is a different station on western railway line) and many also call this as "Upper Parel"!. Parel has a representing station called 'Elphinstone' on the western line and 'Parel' on the central railway line. Both these stations are connected internally and many wise people use these stations to move across from western to Central and vice versa to avoid the ever crowded Dadar station.
Brief history on Parel -- Parel has been a bustling place since the time I grew up here in the 70s. Earlier many of the vast landscapes were primarily consisted of mills and chawls of the laborers working in these mills. From the beginning of this decade the land scape and the sky line of Parel has changed boasting many prominent residential complexes, 5 star hotels and so on.
Parel is also known for various govt / municipal hospitals & med colleges acclaimed for serving people from all back grounds across the Asian continent. Hospitals like KEM (King Edward Memorial hospital), Wadia (maternity, for children) , Tata Memorial (prominently for cancer research and cure) , and few others are here since decades. Parel also boasted an independent shopping plaza since the 80s where in we could go and pick and choose items we want from the shelves using a basket / shopping cart . This place is called 'Apna Bazar' and has been run on a cooperative basis many years before the mall culture hit India. Almost every thing in one place for a middle class family is available . Parel also has a famous football maidan called St Xaviers football ground. A court (for legal matters) and couple of huge grounds are other attractions / land marks of Parel.Pros
- Connectivity, at the centre from almost all places in Mumbai.
- Several hospitals and railway stations nearby.
- Many prominent residential complexes, 5 star hotels and so on.
Cons
- Lot of construction going on (mono rail , new buildings and so on).
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Projects

Ruparel Millennia
Parel, Mumbai
- Started
- Dec, 2025
Iconic Sky Lifestyle Avenues on Rooftop
: Ruparel Millennia is located in the heart of Parel, Mumbai offers 1 BHK apartments with various facilities.
Ruparel Jewel
Parel, Mumbai
- Started
- Dec, 2024
All apartments have a sea-facing view
: Ruparel Jewel is located in the heart of Parel, Mumbai offers 2&3 BHK apartments with various facilities. https://www.propi.in/project/ruparel-jewel-parel-by-ruparel-realty/15854
L&T Crescent Bay
Parel, Mumbai
- Started
- Mar, 2022
Lifetime of uninterrupted view of the Arabian Sea and the skyline of the City
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good features
Ruparel Nova
Parel, Mumbai
- Started
- Apr, 2022
reach the new heights
: Ruparel Nova lies at Parel by Ruparel Realty covers an area of 3 acre consists of over 180 residential units with all amenities.
Runwal Nirvana
Parel, Mumbai
- Completed
- Dec, 2021
Luxury of Supreme Connectivity
: Runwal Nirvana is a residential project offers 2&3 Bhk apartment ranges in between 708-1324 sqft which is spread over a total area of 0.51 acres and total of 1 towers with 57 units.
Peninsula Ashoka Towers
Parel, Mumbai
- Completed
- Dec, 2009
Designer Homes
: Peninsula Ashok Towers located at Parel, Mumbai has changed the face of Parel and the image of residential properties here by providing luxury apartments with world-class amenities.
Ruparel Ariana
Parel, Mumbai
- Started
- Apr, 2015
2 & 3 BHK apartments for sale in Ruparel Ariana
: Ruparel Group presents Ruparel Ariana with 2 & 3 BHK apartments for sale in Parel, Mumbai
Dosti Belleza
Parel, Mumbai
- Started
- Dec, 2020
Belief in the beauty of your dreams
: Dosti Belleza by Dosti Realty at Parel in Mumbai offers residential project that host 2 bhk and 3 bhk apartment in various sizes.
Lodha Venezia
Parel, Mumbai
- Started
- Dec, 2016
2 BHK, 3 BHK And 4 BHK Luxury Apartments
: Lodha Venezia is one of the popular residential developments in Parel, neighborhood of Mumbai. It is among the ongoing projects of Lodha Group.
Sanaya Krish Royale
Parel, Mumbai
- Started
- Dec, 2016
1, 2 & 3BHK Premium Residential-cum- Commercial Complex in Parel, Mumbai
: Sanaya Realties offers beautiful 1bHK, 2BHK & 3BHK residential cum commercial complex in Sanaya Krish Royale at Parel, Mumbai.
Peninsula Ashok Gardens
Parel, Mumbai
- Started
- Dec, 2011
Luxurious Residential Complex
: Peninsula Ashok Gardens, a luxurious residential complex in Upper Parel, presents its residents with a choice of exclusive homes and lifestyle amenities.
Lodha Codename Hidden Jewel
Parel, Mumbai
- Started
- Dec, 2017
2 & 3 BHK apartments for sale in Lodha Codename Hidden Jewel
: Lodha Codename Hidden Jewel presented by Lodha Group with 2 & 3 BHK apartments for sale in Parel, Mumbai
Lodha Codename Oriente
Parel, Mumbai
- Started
- Dec, 2016
2 & 3 BHk Apartment - excellent location in Pael, Mumbai
: Lodha Codename Oriente is ongoing project of Lodha Group, offering 2 & 3 BHK sky residents in Parel, Mumbai. Its sizes are ranging rom 1332 sq ft to 2034 sq ft.Sale Properties

1BHK Flat for sale in Parel
₹ 1.45 Cr
- Ruparel Millennia
- Within 1 Year
- 410 SqFeet
- ₹35,366/SqFeet
Apartment / Flat
: Ruparel Millennia is located in the heart of Parel, Mumbai offers 1 BHK apartments with various facilities.
2BHK Flat for sale in Parel
₹ 3 Cr
- Ruparel Millennia
- Within 1 Year
- 820 SqFeet
- ₹36,585/SqFeet
Apartment / Flat
: Ruparel Millennia is located in the heart of Parel, Mumbai offers 1 BHK apartments with various facilities.
2BHK Flat for sale in Parel
₹ 3.5 Cr
- Ruparel Jewel
- Within 3 Months
- 826 SqFeet
- ₹42,373/SqFeet
Apartment / Flat
: Ruparel Jewel is located in the heart of Parel, Mumbai offers 2&3 BHK apartments with various facilities. https://www.propi.in/project/ruparel-jewel-parel-by-ruparel- realty/15854
3BHK Flat for sale in Parel
₹ 6.51 Cr
- Ruparel Jewel
- Within 3 Months
- 2,297 SqFeet
- ₹28,341/SqFeet
Apartment / Flat
: Ruparel Jewel is located in the heart of Parel, Mumbai offers 2&3 BHK apartments with various facilities. https://www.propi.in/project/ruparel-jewel-parel-by-ruparel- realty/15854
2BHK Flat for sale in Parel
₹ 3.75 Cr
- L&T Crescent Bay
- Immediate
- 900 SqFeet
- ₹41,667/SqFeet
Apartment / Flat
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good features
2BHK Flat for sale in Dadar East
₹ 2.08 Cr
- Ruparel Luminare
- Within 2 Years
- 675 SqFeet
- ₹30,815/SqFeet
Apartment / Flat
: Ruparel Luminaire is located in the heart of Dadar East, Mumbai, and offers 2 BHK apartments with various facilities.
3BHK Flat for sale in Sewri
₹ 5.7 Cr
- L&T The Gateway
- Within 4 Years
- 1,258 SqFeet
- ₹45,310/SqFeet
Apartment / Flat
: L&T The Gateway is located in the heart of Sewri, Mumbai offers 3,4&4.5 BHK apartments with various facilities.
3BHK Flat for sale in Sewri
₹ 6.75 Cr
- L&T The Gateway
- Within 4 Years
- 1,444 SqFeet
- ₹46,745/SqFeet
Apartment / Flat
: L&T The Gateway is located in the heart of Sewri, Mumbai offers 3,4&4.5 BHK apartments with various facilities.
4BHK Flat for sale in Sewri
₹ 9.07 Cr
- L&T The Gateway
- Within 4 Years
- 1,905 SqFeet
- ₹47,612/SqFeet
Apartment / Flat
: L&T The Gateway is located in the heart of Sewri, Mumbai offers 3,4&4.5 BHK apartments with various facilities.
1BHK Flat for sale in Parel
₹ 1.16 Cr
- Ruparel Nova
- Within 2 Years
- 520 SqFeet
- ₹22,308/SqFeet
Apartment / Flat
: Ruparel Nova lies at Parel by Ruparel Realty covers an area of 3 acre consists of over 180 residential units with all amenities.
3BHK Flat for sale in Dadar East
₹ 5.85 Cr
- Supreme Melange
- Within 1 Year
- 1,140 SqFeet
- ₹51,316/SqFeet
Apartment / Flat
: Supreme Melange project represented by Supreme Universal at Dadar East with 20 storeys high with the below mentioned features.
3BHK Flat for sale in Dadar East
₹ 8.5 Cr
- Supreme Melange
- Within 1 Year
- 1,567 SqFeet
- ₹54,244/SqFeet
Apartment / Flat
: Supreme Melange project represented by Supreme Universal at Dadar East with 20 storeys high with the below mentioned features.
2BHK Flat for sale in Parel
₹ 2.65 Cr
- Runwal Nirvana
- Immediate
- 707 SqFeet
- ₹37,482/SqFeet
Apartment / Flat
: Runwal Nirvana is a residential project offers 2&3 Bhk apartment ranges in between 708-1324 sqft which is spread over a total area of 0.51 acres and total of 1 towers with 57 units.
2BHK Flat for sale in Dadar East
₹ 3.81 Cr
- Sugee Akanksha
- Within 3 Years
- 700 SqFeet
- ₹54,429/SqFeet
Apartment / Flat
: Sugee Akanksha in Dadar (West), Mumbai South offers 2 and 3 BHK spread over a total area of 0.25 acre of land with required amenities.
2BHK Flat for sale in Tilak Nagar
- Stans Ratnadeep
- Immediate
- 573 SqFeet
Apartment / Flat
: Stans Ratnadeep located in Tilak Nagar, Chembur west, this property in Mumbai offers luxury 2 BHK apartments at very affordable price.
2BHK Flat for sale in Parel
₹ 3.04 Cr
- L&T Crescent Bay
- Immediate
- 63 SqMeters
- ₹479,571/SqMeter
Apartment / Flat
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good features
3BHK Flat for sale in Parel
₹ 3.98 Cr
- L&T Crescent Bay
- Immediate
- 96 SqMeters
- ₹414,324/SqMeter
Apartment / Flat
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good features
Office Space for sale in Dadar East
₹ 51 L
- Bombay Two ICC
- Within 4 Years
- 241 SqFeet
- ₹21,162/SqFeet
Office Space
: Bombay Two ICC is a residential project by Bombay Realty which offers 3 & 4 Bhk apartments available at Dadar (East), Mumbai
3BHK Flat for sale in Dadar East
₹ 8.63 Cr
- Bombay Realty Island City Center
- Immediate
- 178 SqMeters
- ₹484,831/SqMeter
Apartment / Flat
: Bombay Realty Island City Center by Bombay Realty at Wadala, Dadar East, Mumbai Harbour in Mumbai offers residential project that host 3 and 4 bhk apartments in various sizes.
3BHK Flat for sale in Dadar East
₹ 6.4 Cr
- Bombay Realty Island City Center
- Immediate
- 150 SqMeters
- ₹427,607/SqMeter
Apartment / Flat
: Bombay Realty Island City Center by Bombay Realty at Wadala, Dadar East, Mumbai Harbour in Mumbai offers residential project that host 3 and 4 bhk apartments in various sizes.
4BHK Flat for sale in Dadar East
₹ 9.3 Cr
- Bombay Realty Island City Center
- Immediate
- 192 SqMeters
- ₹483,494/SqMeter
Apartment / Flat
: Bombay Realty Island City Center by Bombay Realty at Wadala, Dadar East, Mumbai Harbour in Mumbai offers residential project that host 3 and 4 bhk apartments in various sizes.
2BHK Flat for sale in Parel
₹ 5.5 Cr
- Peninsula Ashoka Towers
- Immediate
- 93 SqMeters
- ₹592,034/SqMeter
Apartment / Flat
: Peninsula Ashok Towers located at Parel, Mumbai has changed the face of Parel and the image of residential properties here by providing luxury apartments with world-class amenities.
4BHK Flat for sale in Parel
₹ 9.5 Cr
- L&T Crescent Bay
- Immediate
- 161 SqMeters
- ₹590,723/SqMeter
Apartment / Flat
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good features
3BHK Flat for sale in Parel
₹ 4.5 Cr
- Ruparel Ariana
- Immediate
- 102 SqMeters
- ₹440,356/SqMeter
Apartment / Flat
: Ruparel Group presents Ruparel Ariana with 2 & 3 BHK apartments for sale in Parel, Mumbai
3BHK Flat for sale in Parel
₹ 3.5 Cr
- L&T Crescent Bay
- Within 2 Years
- 1,732 SqFeet
- ₹20,208/SqFeet
Apartment / Flat
: L&T Crescent Bay is presented by L&T Realty at Parel, Mumbai offers residential project that hosts 2/3 and 4 BHK apartment with good featuresPrice Trends
Apartments for sale in Parel, Mumbai
- Locality ID
- A645111383
- PinCode
- 400012