Parel, Mumbai

Property Types
Apartments

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).
Parel, Mumbai is rated 8 out of 10 based on 6 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.

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Projects

Ruparel Millennia - Parel, Mumbai

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

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

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

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

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

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

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

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

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

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

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

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

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

2 Bedroom Apartment for sale in Ruparel Millennia, Parel, Mumbai
₹ 3 Cr

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.
2 Bedroom Apartment for sale in Ruparel Jewel, Parel, Mumbai
₹ 3.5 Cr

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
3 Bedroom Apartment for sale in Ruparel Jewel, Parel, Mumbai
₹ 6.51 Cr

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
2 Bedroom Apartment for sale in L&T Crescent Bay, Parel, Mumbai
₹ 3.75 Cr

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
3 Bedroom Apartment for sale in L&T The Gateway, Sewri, Mumbai
₹ 5.7 Cr

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.
3 Bedroom Apartment for sale in L&T The Gateway, Sewri, Mumbai
₹ 6.75 Cr

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.
4 Bedroom Apartment for sale in L&T The Gateway, Sewri, Mumbai
₹ 9.07 Cr

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.
1 Bedroom Apartment for sale in Ruparel Nova, Parel, Mumbai
₹ 1.16 Cr

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 for sale in Supreme Melange, Dadar East, Mumbai
₹ 5.85 Cr

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 for sale in Supreme Melange, Dadar East, Mumbai
₹ 8.5 Cr

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.
2 Bedroom Apartment for sale in Runwal Nirvana, Parel, Mumbai
₹ 2.65 Cr

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 for sale in Sugee Akanksha, Dadar East, Mumbai
₹ 3.81 Cr

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 for sale in Stans Ratnadeep, Tilak Nagar, Mumbai

2BHK Flat for sale in Tilak Nagar

Apartment / Flat

: Stans Ratnadeep located in Tilak Nagar, Chembur west, this property in Mumbai offers luxury 2 BHK apartments at very affordable price.
2 Bedroom Apartment for sale in L&T Crescent Bay, Parel, Mumbai
₹ 3.04 Cr

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
3 Bedroom Apartment for sale in L&T Crescent Bay, Parel, Mumbai
₹ 3.98 Cr

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
2BHK for sale in Peninsula Ashoka Towers, Parel, Mumbai
₹ 5.5 Cr

2BHK Flat for sale in Parel

₹ 5.5 Cr

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.
4 Bedroom Apartment for sale in L&T Crescent Bay, Parel, Mumbai
₹ 9.5 Cr

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
3 Bedroom Apartment for sale in L&T Crescent Bay, Parel, Mumbai
₹ 3.5 Cr

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 features

Price Trends

Also known as: parle, Parla (E), Mirchol, kalpataru habitat, Lodha Venezia Parel, Kamla Nagar, Parel Village, K.E.M. Hospital
Locality ID
A645111383
PinCode
400012