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Lower Parel, Mumbai

Mumbai South, 400013
  • 4.2
  • (62 Reviews)
  • Nightlife Pockets
  • Investor Interest
  • Premium Pockets
  • Short CBD Commute
+3 Photos
Mumbai
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Location Map of Lower Parel, Mumbai
  • Rank 67 out of 842 localities
  • Average Sale Price ₹ 53,700/Sq. Ft.
  • Average Rental ₹ 132/Sq. Ft.
  • Quality of Life Score 4.3/5 See Details

About Lower Parel, Mumbai

Lower Parel is situated in Mumbai. It falls within the Mumbai South. The area is bordered by Naigaon, Chinchpokli, Worli, and Sewri, and is well connected by major roads, the Western Railway line, and the Mumbai Monorail. The PIN code for this locality is 400013. In citywide comparisons, the area ranks 67. The city features a total of 842 listed localities. Based on residents’ experiences, the area's overall liveability rating is 4.2.


There are 2 new residential projects which are currently listed in the locality. Around 10 projects are still under construction. About 10, housing societies are ready for occupation. The area offers a range of residential options, including Apartment, Office Space.


The listed property count is 1,744. Market listings show 261 homes available for sale. The average selling price in the locality is 53,700. Prices generally fall within the ₹ 7.6 Lakhs to 280 Crore. On the rental side, there are 1,105 homes listed. The average monthly rent is 132 for various rental options.


Infrastructure & Connectivity


Major roads like Tulsi Pipe Road and NM Joshi Marg run through the area, linking it to South Mumbai, Worli, and nearby business districts. Public transport is readily accessible, with buses, taxis, and auto-rickshaws operating throughout the day. The Mumbai Monorail station also serves the locality and is convenient for short-distance travel within central Mumbai.


The upcoming Metro Line 3 is expected to enhance connectivity by providing a faster route to Bandra, BKC, and South Mumbai. Once operational, it will lessen reliance on road travel and alleviate congestion in the area.


How Do People Rate Lower Parel?


The lifestyle score is 4.3. Everyday comfort is stable, with a livability score of 4.3. Grocery stores, cafes and essential services are easily accessible, and most needs can be met within a short distance from main roads.


The connectivity score is 4.2. The Western Railway line, Tulsi Pipe Road, NM Joshi Marg, and the Mumbai Monorail serve daily commuters, and the upcoming Metro Line 3 will improve travel options when operational.


The education and health score here is 4.3. Well-known schools include Muktangan English School and Jr College and Helen Keller Institute for the Deaf & Blind. Medical facilities are also located across the area, including Nirmala Hospital Maternity and GDA Impex, ensuring easy access to quality education and healthcare.


Premium residential towers are located along main roads, while older buildings and commercial spaces are concentrated in the inner stretches.


Distance to Nearby Localities/Important Places



Nearby localities

Distance

Lower Parel to Worli

1.0 km

Lower Parel to Prabhadevi

2.4 km

Lower Parel Dadar

5.7 km

Lower Parel to Bandra

9.0 km

Lower Parel to Chhatrapati Shivaji Maharaj International Airport

13.4 km



Market Trends & Investment Potential


Listings in Lower Parel show 261 homes for sale and 1,105 available for rent. The average sale value is 53,700 per sq.ft., with transactions typically ranging from ₹ 7.6 Lakhs to 280 Crore. On the rental side, the average is 132 per sq. ft., and choices are listed within 15000-10000000. Government figures indicate the 2,159 property transactions in recent records.


In Lower Parel , Apartment, Office Space, Builder Floor dominates the sale listings, accounting for the largest share of the market. For rentals,Apartment, Office Space, Pg accounts for the majority of available options. Resale activity is intense, with 261 properties currently listed.

Why Choose Lower Parel for Living? Advantages & Considerations

What is Great?

  • Trains, buses and cabs are readily available and widely used for daily travel.
  • The area is generally safe with no major crime records reported.
  • Streetlights are functioning correctly in most areas.
  • Police patrols are conducted regularly to maintain safety.

What is Concerning?

  • Many areas require immediate road and bridge repairs and upgrades due to cracks, potholes, and other damage.
  • Several streets can seem deserted at night, particularly those away from main roads.
  • Instances of waste dumping are visible along some roads.
  • Pollution levels are high, especially near busy roads, and need improved control and monitoring.

What’s new in Lower Parel, Mumbai? Recent & Future Developments

Last Update: 17 Feb 2026
17 Feb2026
MHADA Launches Online Sale of Affordable Flats in Mumbai

MHADAhas opened an online sale for 118 flats in Mumbai, offering an opportunity for potential homebuyers to secure affordable housing in the city. The application process commenced on February 17, 2026.Flats are located in areas such as Kandivali, Charkop, Shimpoli, Antop Hill, Wadala, Powai, Malad, Mankhurd, Ghatkopar, Vikhroli, Byculla, Tardeo, Lower Parel, Sion, Juhu and Andheri.

Source: Outlook Money

Explore Key Amenities in Lower Parel, Mumbai

map
  • Schools

  • Bus Stops

  • Hospitals

  • ATMs

  • Mosques

  • Banks

  • Shopping Malls

  • Post Offices

  • Temples

  • Parks

Schools Near by Lower Parel
Dsb International School 0.35 KM
Maratha High School 0.71 KM
Swatantryaveer Savarkar Library 1.09 KM
Kgt International School 1.18 KM
Podar Ort International School 1.19 KM
Lalbaugcha Raja Sarvajanik Ganeshotsav Library 1.22 KM
Muktangan Lovegrove School 1.28 KM
St Ignatius High School 1.42 KM
Kms Dr Shirodkar High School 1.46 KM
Dr. Shirodkar Highschool 1.49 KM
Bus Stops Near by Lower Parel
Gopikrishna Piramal Hospital 0.27 KM
Toddy Company Empire Dyeing 0.61 KM
Nmjoshi Marg Police Station 0.75 KM
Ambika Mills King George Infernary Bus Stand 0.81 KM
Acharya Atre Chowk Bus Stand 0.87 KM
Famous Studio 1.06 KM
Bharatmata Cinema 1.08 KM
Deepak Cinema 1.18 KM
Compkkurne Chowk 1.18 KM
Comgulabrao Ganacharya Chowk 1.24 KM
Hospitals Near by Lower Parel
Shenoy Nursing Home 0.24 KM
Ipc Heart Care Center 0.43 KM
Mhasakar Hospital 0.54 KM
Mansi Maternity And Surgical Nursing Home 0.58 KM
Kshitij Mansik Arogya Centre 0.65 KM
Dr Nerurkar Harish Nursing Home 0.71 KM
Yerala Homeopathic Hospital Yerala Medical Trust?s Homoeopathic College 0.78 KM
Trivedi Sadan Municipal Dispensary 0.78 KM
Jijamata Nagar Municipal Dispensary 0.84 KM
Jc Diagnostic Centre 0.86 KM
ATMs Near by Lower Parel
Bankof India Atm 0.32 KM
Citibank Atm 0.38 KM
Hdfc Bank Atm 0.78 KM
Corporation Bank Atm 0.85 KM
Canara Bank Atm 1.03 KM
Corporation Bank Atm 1.07 KM
Axis Bank Atm 1.10 KM
Axis Bank Atm 1.10 KM
Bankof India Atm 1.25 KM
Axis Bank Atm 1.25 KM
Mosques Near by Lower Parel
Ahmed Sailor Masjid 0.25 KM
Bawla Masjid 0.61 KM
Sunni Masjid 0.90 KM
Kairuddin Masjid 1.32 KM
Hsa Badvi Mosque 1.36 KM
Pathan Masjid Compound 1.37 KM
Sunni Usmaniya Takiya Masjid 1.52 KM
Nawab Ayaz Ali Khan Masjid Trust 1.59 KM
Haji Daood Masjid 1.59 KM
Race Course Mosque 1.80 KM
Banks Near by Lower Parel
Abhyudaya Co-operative Bankltd 0.30 KM
Hdfc Bank Ltd Corporate And Head Office 0.54 KM
Kotak Mahindra Bank 0.73 KM
Indian Overseas Bank 0.81 KM
Corporation Bank 0.85 KM
Icici Bank 0.95 KM
Standard Chartered Bank 1.01 KM
Abhyudaya Co-operative Bankltd 1.12 KM
Icici Bank 1.14 KM
Icici Bank 1.16 KM
Shopping Malls Near by Lower Parel
Phoenix Palladium 0.23 KM
Grand Galleria 0.25 KM
Palladium Mall 0.38 KM
Laxmi Woolen Mills Compound 0.77 KM
Phoenix Head Office 0.78 KM
Shiv Smriti Chambers 1.06 KM
Atria The Millennium Mall 1.34 KM
Roopali Jewellers 1.62 KM
Croma Mall 1.87 KM
Nexus Diagnostics 1.91 KM
Post Offices Near by Lower Parel
Delisle Road Sub Post Office 0.15 KM
Sonal Super Services 1.01 KM
Worli Naka Sub Post Office 1.12 KM
Parel Sub Post Office 1.16 KM
Parel Post Office 1.16 KM
Worli Sub Post Office 1.24 KM
Worli Post Office 1.24 KM
Chamarbaug Sub Post Office 1.52 KM
Tank Road Sub Post Office 1.74 KM
Parel Naka Sub Post Office 1.76 KM
Temples Near by Lower Parel
Shri Hanuman Mandir 0.27 KM
Shree Vishwakarma Vansh Suthar Charitable Trust Mumbai 1.33 KM
Markandeshwar Mahadev Mandir 1.41 KM
Bal Vikas Mandir 2.08 KM
Sangameshwar Temple 2.13 KM
Siddhivinayak Temple 2.36 KM
Durga Mata Mandir 2.49 KM
Shree Ram Mandir 2.85 KM
Baps Shri Swaminarayan Mandir 3.07 KM
Chatrapati Shivaji Smarak Mandal Shivaji Mandir 3.41 KM
Parks Near by Lower Parel
Mahadikar Kalpana Udyan 1.41 KM
Dala Park 2.63 KM
Vasantdada Patil Udyan 2.75 KM
Five Garden 2.78 KM
Vasant Prabhu Garden 2.80 KM
Bhausaheb Hira Park 2.86 KM
Deendayal Upadhyay Garden 2.88 KM
Pramod Mahajan Garden 3.17 KM
Joseph Baptista Garden 3.24 KM
Veer Kotwal Garden 3.28 KM

Check Travel Time from Lower Parel to Major Areas in Mumbai

Price Rates & Insights for Lower Parel

Price Trend in Lower Parel
Lower Parel's average asking price is rising quarter-on-quarter, compared with Mumbai South.
Quarter Child Rate Parent Rate
Dec 2025 53700 46650
Sep 2025 52300 46200
Jun 2025 50150 46450
Mar 2025 50550 53050
Asking Price in Lower Parel
Lower Parel has 167 Listings on Marketplaces with Median Price of ₹ 53.7 K/Sq.Ft.
Transaction Value Sale Count
36K - 42K 19
42K - 48K 32
48K - 54.5K 38
54.5K - 60.5K 40
60.5K - 66.5K 17
66.5K - 72.5K 21
Govt. Registrations in Lower Parel
2,159 Sales Transactions Registered in Lower Parel From Mar 25 to Feb 26 at Avg. Price ₹ 35.3 K/Sq.Ft.
Sales
Transactions
2,159
Gross
Sales Value
₹ 4,879 Cr
Registered
Rate
₹ 35,300 / Sq. Ft.
Transaction Period Mar 25 to Feb 26
Rental Supply in Lower Parel
Monthly Rent in Lower Parel ranges from ₹ 32.7 K to ₹ 8.5 L with options available for STUDIO,1,2,3,4,5,6 BHK units
Configurations In Lower Parel
STUDIO ₹ 32.7 K
1 BHK ₹ 51.6 K
2 BHK ₹ 1.4 L
3 BHK ₹ 3.8 L
4 BHK ₹ 4.8 L
5 BHK ₹ 7.7 L
6 BHK ₹ 8.5 L
View More
Near by Locations in Lower Parel
Lower Parel avg. price is ₹ 53.7 K/Sq.Ft. compared to Mumbai at ₹ 37.6 K/Sq.Ft.
₹ 71,400
Worli
₹ 66,300
Mahalaxmi
₹ 53,700
Lower Parel
₹ 45,300
Parel
₹ 40,000
Chinchpokli
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Top Projects in Lower Parel
Meghana Apartment is the top project in Lower Parel.
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Recent Registered Transactions in Lower Parel

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-02-13 Floor 20, Unit 2002 3, 3C 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 37, Unit 3701 3, 3B 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 23, Unit 2301 3, 3B 500 Sq.Ft. 🔒 🔒
2026-02-13 Unit 2402 3, 3A 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 40, Unit 4003 3, 3E 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 19, Unit 1908 3, 3B 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 24, Unit 2402 3, 3C 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 9, Unit 903 3, 3A 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 33, Unit 3305 3, 3A 500 Sq.Ft. 🔒 🔒
2026-02-13 Floor 20, Unit 2007 3, 3C 500 Sq.Ft. 🔒 🔒

Property Demand & Supply in Lower Parel, Mumbai

  • Sale
  • Rent
By Property Type
Demand
Supply
Apartment
79%
81%
Builder Floor
1%
1%
Land
7%
1%
Office Space
12%
18%
By BHK
Demand
Supply
1 BHK
35%
16%
1 RK
4%
1%
2 BHK
16%
20%
3 BHK
11%
35%
4 BHK
9%
20%
By Budget
Demand
Supply
50 L - 2 Cr.
47%
11%
2 Cr. - 5 Cr.
17%
24%
Above 5 Cr.
35%
51%
By Property Type
Demand
Supply
Apartment
86%
79%
Office Space
6%
19%
Pg
4%
2%
By BHK
Demand
Supply
1 BHK
57%
25%
1 RK
10%
2%
2 BHK
9%
24%
3 BHK
5%
33%
4 BHK
1%
13%
By Budget
Demand
Supply
15000 - 30000
30%
4%
30000 - 50000
21%
6%
Above 50000
47%
89%

Localities in Lower Parel, Mumbai

  • Rank90 out of 842 localities
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  • 1 Property for Rent in Dhuru Wadi, Mumbai
  • Rank924 out of 842 localities
  • 1 Property for Sale in Western Railway Workshop, Mumbai
  • 1 Property for Rent in Western Railway Workshop, Mumbai

Explore Localities Nearby Lower Parel, Mumbai

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  • 2 Properties for Rent in Dr Deshmukh Marg, Mumbai
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  • 1 New Projects in Gundecha Garden, Mumbai
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  • 1 Property for Sale in Mahalaxmi Racecourse, Mumbai
  • 2 Properties for Rent in Mahalaxmi Racecourse, Mumbai
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  • 3 Properties for Rent in Siddharth Nagar, Mumbai

Top Builders in Lower Parel, Mumbai

Reviews & Ratings of Lower Parel, Mumbai

View All Reviews

Read the reviews about Lower Parel, Mumbai and see what residents and real estate experts have to say about the project.

4.2
62 Ratings
  • 5 Star
  • 4 Star
  • 3 Star
  • 2 Star
  • 1 Star
What’s good
  • Reputed Schools or Hospitals in the Vicinity
  • Plenty of Shopping & Entertainment Options Nearby
  • Near Metro or Good Public Transport
  • Business Hubs & Offices in Close Proximity
What’s bad
  • Decaying or Broken Roads
  • Water Logging & Sewage Disposal Problems
  • Limited or no Green Areas & Parks
  • Crime Prone with Blind Spots
Top Reviews
Hansaben Zaveri
Tenant
Positive

I live here as it’s famous for corporate hubs. I enjoy the upscale vibe and great rail connectivity. I feel the neighbourhood planning is quite professional. I am near Global Hospital and J.J. Academy. My suggestions come from my experiences with high rents and constant construction noise.

Read more
Ratilal Kapadia
Owner
Positive

I love this locality as it is the heart of Mumbai’s business district. I get amazing skyline views and central connectivity. I feel very satisfied living in this premium zone. My rental yield income is incredibly high. My frustrations are the narrow lanes and the lack of enough greenery.

Read more
Harshad Doshi
Real estate agent
Positive

I suggest Lower Parel because my experiences show it is famous for premium towers and office hubs. I see it as mixed residential and commercial. I notice high rentals and strong resale value. I advise clients that traffic congestion and limited parking need attention, and monsoon waterlogging in pockets must be checked.

Read more
Rustom Gilder
Real estate agent
Positive

I recommend Lower Parel to premium buyers and corporate tenants. I see strong demand due to offices, malls, rail access, and lifestyle amenities in this area. I explain high rental yield and resale strength. I highlight schools and hospitals nearby. I warn about peak traffic hours and limited visitor parking issues.

Read more
Chaitanya Pradhan
Owner
Positive

I own a flat here, and my experiences feel rewarding. I know Lower Parel for luxury towers and its central Mumbai location. I enjoy offices, malls, and hospitals close by. I get strong rental returns. I feel disappointed with traffic jams and drainage during monsoons.

Read more
Sulabha Talpade
Tenant
Positive

I live in Lower Parel, and I find it modern and lively. I enjoy tall buildings, and my experiences suit tenants like me. I love High Street Phoenix visits. I trust KEM Hospital and JBCN International School nearby. I feel rents are high but worth it. I face traffic and noise.

Read more
Deepak Shelar
Real estate agent
Positive

I work as a broker, and I see Lower Parel as a top luxury investment zone. I suggest it for offices, malls, and fast connectivity. I guide clients about the Dhirubhai Ambani School nearby and the Breach Candy Hospital access. I notice high prices and heavy congestion as drawbacks.

Read more
Rakesh Parab
Owner
Positive

Lower Parel is the heart of Mumbai’s luxury and corporate life. My commute to Peninsula Business Park is effortless. Also, the nearby Aqua Line metro is a game-changer. I enjoy shopping at Phoenix Palladium and appreciate Global Hospital's presence. However, the extreme traffic jams and constant construction noise are frustrating.

Read more
Sashwat Kadam
Tenant
Positive

I find Lower Parel beautiful because of its skyline. The rental yield is massive. I love hanging out at Smaaash and local cafes. Transport is super easy with constant cabs. My experience with a high 60k rent is typical for this premium area. I complain about dusty air, narrow lanes, and no local markets.

Read more
Komal Shinde
Owner
Positive

I live here with my family. My experience is excellent here. Daily, I ride the Lower Parel monorail and utilise the local station. I appreciate the security my family has. Having Phoenix Palladium close by is my favourite spot. I simply hate the intense traffic congestion and the dearth of available parks.

Read more
Pravin More
Tenant
Positive

Living in this upscale neighbourhood impresses me. Walking to my office at Peninsula Business Park benefits me. The bowling facilities near my home are great. My way of life is really aided by it. I have issues with crowded pathways and dense air pollution during peak periods.

Read more
Sandeep Patil
Real estate agent
Positive

I advise my clients to go to Lower Parel because I observe an excellent work-life balance. The locality has nearby offices and shopping. For families, I think trains, monorails, and buses are convenient. For living, I exhibit Phoenix Palladium and Kamala Mills. I know that parks are small, traffic becomes thick, and pricing for purchasers remains costly.

Read more
Ravi
Tenant
Positive

Living in Lower Parel makes me really happy since everything I require is just a stroll away. Remaining close to my office in Peninsula Business Park keeps me in check. Daily for my travel, I use the Lower Parel railway station and the Monorail; the new Aqua Line 3 metro at Acharya Atre Chowk is a major benefit for me. Global Hospital is very well-known and close for medical needs. My work drives my decision to rent here, and the ambience of the luxury towers draws me. This area is really expensive for a commoner; it is definitely not economical. Finally, the noise from ongoing construction and the congested walkways truly irritate me, so I believe the pedestrian paths need immediate modernization.

Read more
Ishaan
Real estate agent
Positive

Lower Parel is the very hub of the Mumbai social and business scene. I find the change from ancient mills to opulent buildings quite amazing. For quickest travel, I advise using the monorail and nearby train stations. For residents, I view great advantages in top institutions such as J.J. Academy and Global Hospital. Because the roads are always lit and crowded, I feel quite secure at night here. For socializing, I love Phoenix Palladium's attitude as well as the nearby Kamala Mills. Because everyone wants to live close to their employment, rental returns seem to be very high. I find the great noise levels and heavy road traffic rather tiring.

Read more
Animesh
Owner
Positive

I adore my Lower Parel life because it is the centre of Mumbai's corporate and social buzz. As the Monorail and local train make my travel rather seamless, I am astounded by the link. Because nearby top-level JSW Hospital and J.J. Academy, I recommend this region. The active nightlife and continual security make me very safe for women at night. I like the vertical vegetation in luxury towers and entertaining weekends on High Street Phoenix. With great rental returns from bankers, my investment is really lucrative. Still, I want faster road maintenance and enhanced traffic management. This area is surely a dreamer's heaven.

Read more
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FAQs

Q: 1. Is Lower Parel a good place to live in Mumbai?

Yes, Lower Parel is considered a good place to live in Mumbai, with an overall rating of 4.2 out of 5, based on 62 reviews, supported by strong livability and connectivity scores.

Q: 2. What is the average property price in Lower Parel?

The average sale price in Lower Parel is 53,700 per sq ft, with property prices ranging between ₹ 7.6 Lakhs to 280 Crore, depending on the project, location, and property size.

Q: 3. How is the rental market in Lower Parel?

The rental market in Lower Parel is active, with an average rental value of 132 per sq ft. Rental prices usually range between ₹ 15 Thousand to 1 Crore based on property type and BHK configuration.

Q: 4. What types of properties are available in Lower Parel?

Lower Parel offers a variety of property types such as Apartment, Office Space, available across configurations including 1 BHK,1 RK,2 BHK,3 BHK,4 BHK,5 BHK,6 BHK, catering to both homebuyers and tenants.

Q: 5. How many properties are available for sale and rent in Lower Parel?

Currently, there are 261 properties available for sale and 1,105 properties available for rent in Lower Parel, providing multiple options for end users and investors.

Q: 7. Which nearby localities are close to Lower Parel?

Some well-known nearby localities include Worli, Arthur Rd, Dr Deshmukh Marg, Delisle Road, Jijamata Nagar, improving overall residential and commercial accessibility.

Q: 8. Are there schools, hospitals, and malls near Lower Parel?

Yes, Lower Parel has good social infrastructure, with schools like DSB International School, Lower Parel, Maratha High School, Worli, Swatantryaveer Savarkar Library, Parel, KGT International School, Lower Parel, Podar ORT International School, Worli, hospitals like Shenoy Nursing Home, Lower Parel, Ipc Heart Care Center, Worli, Mhasakar Hospital, Lower Parel, Mansi Maternity And Surgical Nursing Home, Lower Parel, Kshitij Mansik Arogya Centre, Lower Parel, and malls like Phoenix Palladium, Worli, Grand Galleria, Lower Parel, Palladium Mall, Lower Parel, Laxmi Woolen Mills Compound, Worli, Phoenix Head Office, Worli located nearby, making it suitable for families.

Q: 9. What is the real estate development status of Lower Parel?

Lower Parel has a healthy mix of projects, including 10 developed projects, 10 under-construction projects, and 2 new launch projects.

Q: 10. What do residents like and dislike about Lower Parel?

Residents appreciate Lower Parel for Reputed Schools or Hospitals in the Vicinity, Plenty of Shopping & Entertainment Options Nearby, Near Metro or Good Public Transport, Business Hubs & Offices in Close Proximity, while common concerns include Decaying or Broken Roads, Water Logging & Sewage Disposal Problems, Limited or no Green Areas & Parks, Crime Prone with Blind Spots, based on feedback from 62 ratings.

Q: 11. What is the PIN code of Lower Parel?

The PIN code of Lower Parel is 400013.

Country/City