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. The city features a total of 966 listed localities. Based on residents’ experiences, the area's overall liveability rating is 4.3.
The area offers a range of residential options, including Apartment, Office Space.
The listed property count is 1,682. Market listings show 241 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 1,095 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 241 homes for sale and 1,095 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 2,195 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 241 properties currently listed.