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Lower Parel, Mumbai

About Lower Parel

Buying property in Lower Parel is definitely an accomplishment since it is one of ’s biggest and most prime commercial cum residential zones. Lower Parel offers several premium and luxury properties and there are several well occupied and advanced projects in the locality. 3 and 4 BHK housing units are readily available in the area while leading developers like Neumec, Lodha and Indiabulls are hugely active here. Lower Parel has its own railway station and is also well connected to areas like Nariman Point, Prabhadevi, Mahalaxmi, Cuffe Parade, Dadar and Byculla. It is also well connected to Borivali, Bandra, Dadar, Virar and Andheri through local trains.Lower Parel is home to some of Mumbai’s biggest companies and multinationals. It is one of the biggest and swankiest office zones in the city. Phase II of the Mumbai monorail project will connect Lower Parel to several other areas in the city. The Parel and Elphinstone railway stations are also well connected to Lower Parel. The Eastern and s are both well connected to Lower Parel along with the Bandra-Worli Sea-Link and King’s Circle Flyover. Lower Parel is well linked to Worli and posh locations in South Mumbai like Altamount Road.Lower Parel offers access to several reputed educational institutions like the Cama Montessori & Primary School, Seth GS Medical College, WLCI College, Bhagini Kala Mandir High School, J J Primary English School, Maharishi Dayanand College of Arts, Science & Commerce and many others. Leading hospitals like the NM Joshi Hospital, Global Hospital, MGM Hospital, Dr Mahaska Hospital, IPC Heart Care Centre and many others are easily accessible from Lower Parel. The Helen Keller Institute is also located in the area. Shopping malls like the Palladium Mall and High Street Phoenix are located in the area along with several restaurants, retail outlets, stores, bars, clubs, pubs and other entertainment and recreational zones. Several banks have their branches in the area as well.Property prices have gone up by approximately 0.23% in the area as per Q3 2015 and average prices stand at around INR 31, 270 per sq. ft. here. Popular projects include Lodha World One, Indiabulls Sky Forest, Indiabulls Sky, Lodha World Crest, Neumec Elegance, Marathon Heights, Orbit Grand and Lodha Trump Tower to name a few.
What’s Great About Lower Parel
  • Excellent road and railway connectivity
  • Upcoming monorail connectivity
  • Easy access to South Mumbai and other areas
  • Excellent social infrastructure
  • One of Mumbai’s biggest commercial and corporate hubs
What’s Not Great About Lower Parel
  • Traffic congestion and snarls
  • Overcrowded & densely populated during peak hours

Map of Lower Parel, Mumbai

Lower Parel Mumbai Map
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102 New Projects in Lower Parel, Mumbai

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Most Preferred BHK

  • green-new-project
  • green-sale
  • green-rental

Most Preferred Unit Type

  • green-new-project
  • green-sale
  • green-rental
  • Office Space
  • 4 Projects
  • ₹ 1.59 Cr - ₹ 7.2 Cr

Price Trends In And Around Lower Parel

Locality Price range per sqft
( in ₹ )
Avg price per sqft
( in ₹ )
Average price unit config wise per sqft ( in ₹ ) View properties
Lower Parel 24,090 - 39,323 31,612 26,220 30,198 34,655 35,564 View All
Lalbaug 22,463 - 29,107 25,502 29,306 33,441 - - View All
Mahalaxmi 27,941 - 55,329 36,924 29,221 31,941 46,491 - View All
Parel 22,748 - 37,298 29,621 30,123 28,875 26,644 26,001 View All
Prabhadevi 24,121 - 38,813 31,099 26,090 33,762 32,044 35,663 View All
Worli 30,742 - 48,063 39,276 27,297 31,242 39,468 40,083 View All

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