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Mumbai South · 400012

Parel, Mumbai

  • 4.5
Rank #19/859

Parel, Mumbai, has transformed from a mill district to one of Mumbai's premium residential and commercial addresses. High-rise towers dominate the skyline now. Lower Parel and Worli are neighbours. Prices are on the higher end. Rentals are strong, driven by professionals working in the BKC-Lower Parel corporate corridor. One of the more aspirational addresses in central Mumbai today.

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Location Map of Parel, Mumbai
Advantages & Considerations

Why choose Parel for Living?

An honest look at what residents love — and what to watch out for.

What's Great
  • Railway connectivity & strategic location
  • Access to biggest commercial hub in Mumbai
  • Excellent social infrastructure
  • Eastern & Western Express Highways & Sea-Link
  • Monorail connectivity
What's Concerning
  • Traffic congestion in peak hours
  • Limited mid range housing options
Recent & Future Developments

What's New in Parel, Mumbai

Live news feed — last updated 14 September 2026

14 Sept2026

Mumbai Redevelopment Market Reaches Inflection Point: Sales Outpace Launches

Mumbai's housing redevelopment market has reached a significant milestone, with sales from redevelopment projects now exceeding new project launches for the first time. Over 1,000 redevelopment projects have been launched since 2020, contributing to the city's housing supply.

Source: The Economic Times
Explore Key Amenities & Commute

What's Around Parel, Mumbai

Schools, transit, healthcare and essentials within walking distance — plus quick travel-time estimates to Mumbai's top business hubs.

map
Nearby Places
  • Global Hospitals
    Hospital
    0.1 km
  • Indian Overseas Bank
    Bank
    0.1 km
  • Hdfc Bank Atm
    ATM
    0.1 km
  • Dr. Shirodkar Highschool
    School
    0.1 km
  • Drshirodkar High School
    Bus Stop
    0.1 km

Plan your Commute Travel time from Parel, Mumbai

Data Intelligence

Price Insights for Parel, Mumbai

Quarterly trends, asking-price distribution, transactions and rental supply — powered by Square Yards' transaction graph.

Property Price Insights in Mumbai South
Avg. Sale Price ₹ 45,650/sq.ft For Apartment
-0.89%
Avg. Rental ₹ 168 /sq.ft
3.07%
Rental Yield 4.42% p.a.
Quality of Life 4.4 /5
Property Demand vs Supply

Where the Market is Moving

Real-time signals from buyer searches and active inventory in Parel, Mumbai.

  • Sale
  • Rent
By Property Type
Demand
Supply
Apartment
93%
87%
Builder Floor
3%
12%
Penthouse
1%
1%
By BHK
Demand
Supply
1 BHK
37%
8%
1 RK
4%
1%
2 BHK
28%
47%
2.5 BHK
1%
2%
3 BHK
18%
31%
4 BHK
2%
9%
5 BHK
3%
4%
By Budget
Demand
Supply
Below 50 L
3%
21%
50 L - 2 Cr.
44%
7%
2 Cr. - 5 Cr.
38%
38%
Above 5 Cr.
13%
36%
By Property Type
Demand
Supply
Apartment
92%
96%
Office Space
1%
3%
Pg
1%
1%
Shop
1%
2%
By BHK
Demand
Supply
1 BHK
24%
9%
1 RK
13%
2%
1.5 BHK
2%
1%
2 BHK
38%
56%
3 BHK
11%
29%
Studio
1%
1%
By Budget
Demand
Supply
15000 - 30000
14%
2%
30000 - 50000
20%
3%
Above 50000
65%
97%
Parel Spotlight

Top Projects in Parel, Mumbai

  • New Launch
  • Under Construction
  • Ready to Move
Trusted Developers

Top Builders in Parel, Mumbai

Browse Inventory

Properties Available in Parel, Mumbai

  • Sale
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  • By Property Type
  • By BHK
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Neighborhood

Localities in & around Parel, Mumbai

Compare top neighbouring localities and discover micro-markets nearby.

Rental Yield
3.9%
1
New Projects
1
For Sale
1
For Rent
Rental Yield
3.9%
1
For Sale
Abhyudaya,Mumbai

Abhyudaya, Mumbai

Rank #276
Rental Yield
3.9%
1
For Sale
2
For Rent
Average Sale Price
₹ 42,900/sq. ft
Avg Rental
₹ 131/sq. ft
Rental Yield
3.9%
Avg Rental
₹ 210/sq. ft
Rental Yield
3.9%
10
For Sale
Rental Yield
3.9%
2
For Rent
Bhoiwada,Mumbai

Bhoiwada, Mumbai

Rank #625
Avg Rental
₹ 144/sq. ft
Rental Yield
3.9%
1
New Projects
6
For Rent
Kalachowki,Mumbai

Kalachowki, Mumbai

Rank #650
Rental Yield
3.9%
1
New Projects
5
For Sale
Rental Yield
3.9%
1
For Sale
Rental Yield
3.9%
1
For Rent
Resident Voices

Reviews & Ratings of Parel, Mumbai

Parel, Mumbai

Based on 4 verified reviews

4.5
4 Reviews
What's good
  • Centrally Located with Good Connectivity
  • Reputed Schools or Hospitals in the Vicinity
  • Business Hubs & Offices in Close Proximity
  • Plenty of Shopping & Entertainment Options Nearby
What's bad
  • Very Few Shopping or Entertainment Options
  • Limited or no Green Areas & Parks
  • Water Logging & Sewage Disposal Problems
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FAQ

Frequently Asked Questions

Find answers to common queries about Parel, Mumbai.

Is Parel a good place to live in Mumbai?

Yes, Parel is a popular area to live in Mumbai. It has an overall rating of 4.5 out of 5, based on 4 reviews. People like the area for its comfortable lifestyle and good connectivity.

What is the average property rate in Parel, Mumbai?

The average property rate in Parel is around ₹45,650 per sq ft. Prices usually range between ₹₹ 7 Lakhs to 45 Crore, depending on the project and exact location.

How much is the average rent in Parel, Mumbai?

The average rent in Parel is about ₹168 per sq ft. Rental prices normally fall between ₹₹ 18 Thousand to 35 Lakhs based on the size and type of property.

What is the PIN code of Parel, Mumbai?

The PIN code of Parel is 400012. It is used for courier services, online deliveries, and address verification.



What types of homes are available in Parel, Mumbai?

You can find different types of homes in Parel such as Apartment, Office Space, Warehouse. Options are available in configurations like 1 BHK,1 RK,2 BHK,3 BHK,4 BHK,5 BHK,6 BHK.

How many properties are available for sale and rent in Parel, Mumbai?

Currently, around 410 properties are available for sale and 607 properties are available for rent in Parel.

How is the connectivity of Parel to other parts of Mumbai?

Parel is well connected to key areas of the city.

Which areas are close to Parel in Mumbai?

Nearby localities include Currey Road, Dr Deshmukh Marg, Elphinstone Road, Delisle Road, BDD Chawl. These areas are easy to reach and good for daily commuting.

Are schools, hospitals, and malls available near Parel, Mumbai?

Yes, good schools like Dr. Shirodkar Highschool, KMS Dr Shirodkar High School, R M Bhatt High School And Junior College, JBCN International School, Little Wonders Play School, hospitals such as Global Hospitals, ESI Mahatma Gandhi Memorial Hospital, KEMHospital, Desai Memorial Hospital, Dr Shanbhag Praful Ramdas Hospital Ramdas Childrens Hopsital, and shopping malls like Nexus Diagnostics, Shri Sainath Embroidery, Wholesale Fish Market, Atlantic Plaza, Rsk Ram Shyam Krupa Chsl No 01 are available near Parel.

How is the development status of Parel, Mumbai?

Parel has 10 ready-to-move projects, 11 under-construction projects, and 5 new launch projects.

What are the pros and cons of living in Parel, Mumbai?

Residents like Centrally Located with Good Connectivity, Reputed Schools or Hospitals in the Vicinity, Business Hubs & Offices in Close Proximity, Plenty of Shopping & Entertainment Options Nearby. However, some people have raised concerns about Very Few Shopping or Entertainment Options, Limited or no Green Areas & Parks, Water Logging & Sewage Disposal Problems, based on 4 ratings and reviews.

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