Parel is a part of the Secondary Business District (SBD). Parel, which is spread over 4.05 square km, houses approximately 146,056 people. Parel's climate is tropical, with dry and wet seasons, high humidity, and moderate heat. Marathi is the official language. But Hindi is also spoken. The Eastern and Western Express highways and Sea Links provide easy access to other locations. There are monorail connections to many commercial hubs in Mumbai. Elphinstone is another name for Parel West due to its proximity to Elphinstone Road Station.
In the past, Parel used to host a lot of textile mills. Slowly, these textile mills are replaced by commercial office space development. Apart from this, Parel also has a political history. From 1962 to 2004, Parel was the Vidhan Sabha constituency of Maharashtra. It was incorporated into the Shivadi constituency by the demarcation of the 2008 Parliamentary and Assembly Constituencies Order. Not only this, the name Parel is derived from the Parli Vaijnath Mahadev Temple. The temple is dedicated to Lord Shiva.
The coordinates of Parel are 18.9977 degrees north latitude and 72.8376 degrees east longitude. Also, the area is under the control of the Municipal Corporation of Greater Mumbai for civic amenities. The development of commercial towers in Parel has increased exponentially. This makes the location suitable for the working class.
Parel, like many other places in Mumbai, has seen significant growth in real estate. Parel is well connected to the Mumbai Currey Road Railway Station as well as Chhatrapati Shivaji International Airport. Moreover, Parel is 12 minutes drive from King’s Circle Flyover and 20 minutes from Bandra-Worli Sea Link. The good connectivity of the location makes it the perfect place to invest in.
Parel is a safe locality, all credit goes to the local police and their strict patrolling policy. It is very well connected with significant spots of the city. The road infrastructure of Parel is excellent. Parel is children-friendly as well. BMC Garden and Children’s Park are the most famous amusement parks in the locality. Parel also provides a hygienic environment. This ensures a disease friendly atmosphere for the residents.
Parel provides one of the best living conditions, and therefore, the price of residential buildings is high in comparison to the remaining city.
Parel is located in one of the most livable parts of the city. The area has a history of several textile mills. Parel is well connected to major road and rail networks.
There are dozens of office spaces that serve as workplaces for many people. Well-known local schools are the Helen Keller Institute and Cama Montessori & Primary School. Notable universities here include Seth GS Medical College and Maharishi Dayanand College of Arts, Science, and Commerce. Major hospitals here include Global Hospitals and Mahatma Gandhi Memorial Hospital. Palladium Mall and High Street Phoenix are Parel's most famous shopping malls.
Parel is located in Mumbai City of Maharashtra. It offers easy connectivity with other parts of the city via roads and railways.
Approximate distance from Parel to
Lower Parel: 3.1 km
Chinchpokli: 1.5 km
Dadar East: 1.6 km
Prabhadevi: 2.6 km
Worli: 4.7 km
Commute time from Parel to
Lower Parel: 7 min
Chinchpokli: 4 min
Dadar East: 3 min
Prabhadevi: 6 min
Worli: 10 min
Cab fare from Parel to
Lower Parel: Rs. 108 - Rs. 174
Chinchpokli: Rs. 120 - Rs. 194
Dadar East: Rs. 108 - Rs. 174
Prabhadevi: Rs. 110 - Rs. 196
Worli: Rs. 110 - Rs. 178
Parel offers a variety of transport options. It has a well-built system of roads and railways. Cabs, taxis, autos, buses, etc., are readily available in the neighborhood. The nearest airport is Chhatrapati Shivaji International Airport, 8.2 km away. The nearest train station is Mumbai Currey Road, 0.79 km away. There are monorail connections to many commercial hubs in Mumbai. Parel and Lower Parel stations are on the Mumbai Suburban Railway line. Elphinstone Road railway station is nearby, which is a part of the Western Line.
Over the years, Parel has attracted many business hubs. Parel offers immense connectivity to other parts of the city. All the basic necessities, like schools, markets, malls, hospitals, etc., lie in close proximity. Also, people are quite content with the quality of living offered by Parel.
There are numerous ways in order to reach this place in Mumbai. Let us get through the list of ways to reach Parel from any other city.
Location Summary: Parel
Parel is one of the prime locations in Mumbai, known for its excellent connectivity, top-notch infrastructure, and proximity to major business districts. The area is also home to some of the best residential properties, making it a popular choice among investors and homebuyers.
Rental Rate: The average rental rate in Parel is ...
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
99%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
32%
|
|
2 BHK
|
38%
|
|
3 BHK
|
19%
|
|
4 BHK
|
6%
|
|
Studio
|
1%
|
Budget |
Enquiries |
|
---|---|---|
Below 0
|
15%
|
|
2 Cr. - 5 Cr.
|
47%
|
|
Above 5 Cr.
|
17%
|
|
50 L - 2 Cr.
|
18%
|
Property Type |
Listings |
|
---|---|---|
Apartment
|
336
|
99%
|
BHK |
Listings |
|
---|---|---|
1 BHK
|
46
|
13%
|
2 BHK
|
150
|
44%
|
3 BHK
|
102
|
30%
|
4 BHK
|
19
|
5%
|
Studio
|
2
|
0%
|
Budget |
Listings |
|
---|---|---|
Below 0
|
56
|
16%
|
2 Cr. - 5 Cr.
|
147
|
43%
|
Above 5 Cr.
|
99
|
29%
|
50 L - 2 Cr.
|
36
|
10%
|
Elan Group acquired two land tracts in the financial year 2022-2023 to expand its commercial real estate enterprise. The object of the exercise is to enter the big-ticket residential segment...