Locality and Summary

• Parle Colony is a neighborhood located within Vile Parle East, Mumbai, and lies in the Western Suburbs of the city. It falls under the West Zone and uses the pin code 400047.
• It connects readily to localities like Shivaji Nagar, Vishnu Prasad Society, and Jagdish Nagar, ensuring central and accessible positioning.

Property Costs

• Property prices in Parle Colony, Vile Parle East, differ widely depending on location and type.
  • Properties in Vile Parle East, including Parle Colony, start at roughly ₹20,000 per sqft, with an average of Rs. 35,021 per sqft.
  • On average, Parle Colony properties range from Rs. 23,142 to Rs. 32,371 per sqft.

Property Kinds

• Living Areas:
  • There's a variety of housing options including older chawls, standalone buildings, newer flats, and luxury apartments.
  • One can find economical 1 BHK, 2 BHK, and 3 BHK apartments in societies like Kamala Nagar, Galaxy Exotica, and Suvidha Pearl.
• Developmental Projects:
  • New projects, such as Tejal Bhuvan CHS and Nyati Evolve I & II in Vile Parle, provide modern residential amenities.

Rent Market

• Renters in Vile Parle, including Parle Colony, typically pay around ₹16,000 monthly. Specific prices include:
  • 1 BHK: Roughly Rs. 32,371
  • 2 BHK: Prices usually range from Rs. 57,728 to Rs. 61,424.

Amenities and Surroundings

• Educational Institutions:

  • The area hosts over 50 top colleges, schools, and high schools for both locals and expatriates.

• Shopping and Markets:

  Vile Parle East, Parle Colony included, is popular for shopping. Markets like Agarwal Market offer homewares and budget clothes.

• Transportation:

  • The region near Chhatrapati Shivaji International Airport offers easy access via public transport.

• Healthcare and Other Essentials:

  • Several hospitals, schools, and petrol pumps are there along with numerous other essential services.

Safety and Community Spirit

• Areas like Vile Parle West and East, including Parle Colony, are safe and secure places to live. The mix of Gujarati and Marathi residents contributes to a peaceful and cohesive community celebrating all festivals together peacefully.

PropertyWala’s Findings

Parle Colony in Vile Parle East, Mumbai, mixes affordability, luxury, and accessibility. It’s a great pick for families, professionals, and investors. With its top-notch educational facilities, solid transportation, and diverse living choices, Parle Colony’s positive long-term growth in property rates suggests a promising investment opportunity.