- Railway connectivity & strategic location
- Access to biggest commercial hub in Mumbai
- Excellent social infrastructure
- Eastern & Western Express Highways & Sea-Link
- Monorail connectivity
Why choose Parel for Living?
An honest look at what residents love — and what to watch out for.
- Traffic congestion in peak hours
- Limited mid range housing options
What's New in Parel, Mumbai
Live news feed — last updated 14 September 2026
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.
What's Around Parel, Mumbai
Schools, transit, healthcare and essentials within walking distance — plus quick travel-time estimates to Mumbai's top business hubs.
-
Global Hospitals0.1 kmHospital
-
Indian Overseas Bank0.1 kmBank
-
Hdfc Bank Atm0.1 kmATM
-
Dr. Shirodkar Highschool0.1 kmSchool
-
Drshirodkar High School0.1 kmBus Stop
Plan your Commute Travel time from Parel, Mumbai
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 SouthWhere the Market is Moving
Real-time signals from buyer searches and active inventory in Parel, Mumbai.
- Sale
- Rent
|
Demand
|
Supply
|
|
|---|---|---|
| Apartment |
93%
|
87%
|
| Builder Floor |
3%
|
12%
|
| Penthouse |
1%
|
1%
|
|
Demand
|
Supply
|
|
|---|---|---|
| Below 50 L |
3%
|
21%
|
| 50 L - 2 Cr. |
44%
|
7%
|
| 2 Cr. - 5 Cr. |
38%
|
38%
|
| Above 5 Cr. |
13%
|
36%
|
|
Demand
|
Supply
|
|
|---|---|---|
| Apartment |
92%
|
96%
|
| Office Space |
1%
|
3%
|
| Pg |
1%
|
1%
|
| Shop |
1%
|
2%
|
|
Demand
|
Supply
|
|
|---|---|---|
| 15000 - 30000 |
14%
|
2%
|
| 30000 - 50000 |
20%
|
3%
|
| Above 50000 |
65%
|
97%
|
Top Projects in Parel, Mumbai
- New Launch
- Under Construction
- Ready to Move
Top Builders in Parel, Mumbai
- 110Total Projects
- 39Experience
- 84Total Projects
- 50Experience
- 69Total Projects
- 23Experience
- 68Total Projects
- 41Experience
- 44Total Projects
- 19Experience
- 30Total Projects
- 39Experience
- 23Total Projects
- 20Total Projects
- 7Experience
- 16Total Projects
- 35Experience
- 1Total Projects
- 24Experience
Properties Available in Parel, Mumbai
- Sale
- Rent
- By Budget
- By Property Type
- By BHK
- By Property Type
- By BHK
Localities in & around Parel, Mumbai
Compare top neighbouring localities and discover micro-markets nearby.
Gundecha Garden, Mumbai
Mint Colony, Mumbai
Abhyudaya, Mumbai
Lalbaug, Mumbai
Dighe Nagar, Mumbai
Krishna Nagar, Mumbai
Bhoiwada, Mumbai
Kalachowki, Mumbai
Parmanand Wadi, Mumbai
Railway Chawl, Mumbai
Explore more Localities Nearby
Reviews & Ratings of Parel, Mumbai
Based on 4 verified reviews
- Centrally Located with Good Connectivity
- Reputed Schools or Hospitals in the Vicinity
- Business Hubs & Offices in Close Proximity
- Plenty of Shopping & Entertainment Options Nearby
- Very Few Shopping or Entertainment Options
- Limited or no Green Areas & Parks
- Water Logging & Sewage Disposal Problems
after approval.
Frequently Asked Questions
Find answers to common queries about Parel, 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.
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.
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.
The PIN code of Parel is 400012. It is used for courier services, online deliveries, and address verification.
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.
Currently, around 410 properties are available for sale and 607 properties are available for rent in Parel.
Parel is well connected to key areas of the city.
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.
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.
Parel has 10 ready-to-move projects, 11 under-construction projects, and 5 new launch projects.
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.