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Mhada Building Parel Parel, Mumbai
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About Mhada Building Parel, Parel by Mhada
Mhada Building Parel Floor Plans and Pricing
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Mhada Building Parel Price Trends and Market Insights
Price Trends
Mhada Building Parel's average asking price is cooling quarter-on-quarter, compared with Parel.
- Current asking price
- ₹ 37,100/sq.ft.
- Quarter over quarter price change
- -1.7% QoQ
Comparable Projects
Mhada Building Parel avg. price is ₹ 37.1 K/Sq.Ft. compared to Parel at ₹ 46.2 K/Sq.Ft.
Rentals
Monthly Rent in Parel ranges from ₹ 28 K to ₹ 5.3 L with options available for STUDIO,1,2,3,4,5 BHK units
Recent Updates
Get the latest price and market updates for Mhada Building Parel.
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BMC Floats Tender for ₹13,000 Crore Flood Mitigation Plan
BMC has initiated a tender process to appoint a consultant for a comprehensive ₹13,000-crore flood-mitigation master plan. This plan aims to tackle Mumbai's chronic monsoon waterlogging by upgrading drainage infrastructure, enhancing pumping capacity, improving flood warnings, and incorporating nature-based solutions.
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Rent in Mhada Building Parel ranges from ₹ 29 K to ₹ 65 K with options available for Studio, 1 BHK, 2 BHK.
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During Q2'2026, average property prices for Mhada Building Parel moved from ₹ 35,500/sqft to ₹ 37,750/sqft, reflecting a 6.34% rise.
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During Q1'2026, average property prices for Mhada Building Parel moved from ₹ 32,100/sqft to ₹ 35,500/sqft, reflecting a 10.59% rise.
Resale & Rental Listings in Mhada Building Parel
Explore resale and rental listings currently available in Mhada Building Parel, Mumbai.
Amenities & Specifications of Mhada Building Parel
Sports
- Kids' Play Areas / Sand Pits
Convenience
- Power Backup
- Treated Water Supply
- 24*7 Water Supply
- Lift
Safety
- 24 x 7 Security
Environment
- Normal Park / Central Green
Leisure
- Indoor Games
Specifications
- Master Bedroom-Walls
- Oil Bound Distemper
- Master Bedroom-Flooring
- Vitrified Tiles
- Other Bedrooms-Flooring
- Vitrified Tiles
- Walls
- Oil Bound Distemper
- Living Area-Flooring
- Vitrified Tiles
- Structure
- RCC Frame Structure
Location and Connectivity Around Mhada Parel

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Trust & Verification
RERA Details of Mhada Building Parel
- Square Yards RERA Reg. A51800000454
How does Mhada Building Parel compare with similar projects?
Mhada Track Record
Since it was set up in 1948, the Maharashtra Housing and Area Development Authority (MHADA) has been at the forefront of housing development in Maharashtra. MHADA has done a great job achieving its goal: to build safe, affordable homes for people of all income levels. The authority has ensured that these homes are well-maintained and provide a good quality of life by emphasising routine upkeep. The Vidarbha Housing Board (VHB) was established in 1960 to meet the specific housing requirements of Maharashtra's Amravati and Nagpur regions. VHB requires the government to give loans to local governments, non-profits, and universities that build affordable housing for low-income people. Then in 1971, the Bombay Building Repairs and Reconstruction Board (BBRRB) was established. The board's main job was to fix and rebuild damaged buildings so that the people of Bombay would be safe. In 1974, the Bombay Slum Development Board was created so that people living in slums in Mumbai City and Mumbai Suburban Districts could access the needed services and facilities. The amenities ranged from clean water to sanitary facilities and enough lighting. The Act of 1976 set up the Maharashtra Housing and Area Development Authority (MHADA), which ensures these policies are followed all over Maharashtra. This is not an exhaustive account of the MHADA's efforts to make decent housing accessible to people of all income levels. The Maharashtra Housing and Area Development Authority has quickly risen to the forefront of India's housing sector. And it has been instrumental in a wide range of initiatives, including constructing homes for people of varying socioeconomic backgrounds, restoring damaged buildings, and providing basic services to residents of urban slums.
Frequently Asked Questions About Mhada Building Parel
Yes, Mhada Building Parel is a Ready to Move residential project, allowing buyers to take possession immediately without any construction wait.
Mhada Building Parel enjoys excellent connectivity via Eastern Express Highway, N M Joshi Marg and is well connected to the Mumbai South area.
Residents of Mhada Building Parel can enjoy amenities such as Kids' Play Areas / Sand Pits, Power Backup, Treated Water Supply, 24 x 7 Security, Normal Park / Central Green, Indoor Games, designed for comfort and a modern lifestyle.
The average asking price in Parel is ₹ 45,650 /Sq.Ft., while the micromarket average asking price is ₹ 40,950 /Sq.Ft..
Yes, since Mhada Building Parel is ready and legally compliant, owners can rent out their flats soon after registration. Rental demand is supported by the locality’s ranking of 19 and connectivity indices.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (Regulation & Development) Act, 2016.