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Parel, Mumbai

Mumbai, 400012
Parel, Mumbai
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New Projects: ₹ 76.32 L - ₹ 29 Cr
Buy: ₹ 32,659 Per Sq. Ft
Rent: ₹ 102 Per Sq. Ft
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  • Map
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About Parel, Mumbai

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.

Brief description - Parel

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.

What’s great about Parel?

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.

What’s not great about Parel?

Parel provides one of the best living conditions, and therefore, the price of residential buildings is high in comparison to the remaining city.

Physical Infrastructure and Liveability Index

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.

Nearby Parel - Distance Calculator

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

Transport services availability

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.

How do people rate Parel?

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.

How to visit 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.

  • Take a train to reach Mumbai Currey Road railway station.
  • The nearest airport to Parel is Chhatrapati Shivaji International Airport, 8.2 km away.
  • Airports in nearby cities include Pune, Surat, Vadodara, and Aurangabad. Reach any of the places by air and then take a bus or train to Parel.

Parel comparison

  • Navi Mumbai is in a development phase, while Parel is very well developed.
  • Proximity to malls, markets, schools, and hospitals is yet another reason to choose Parel over other places.
  • It is also very well connected to a wide network of roads and railways.
What’s on your mind askQuestion Ask and get answers from our Property Experts

Why Should You Invest in Parel, Mumbai?

What’s Great About Parel
  • Railway connectivity & strategic location
  • Access to biggest commercial hub in Mumbai
  • Excellent social infrastructure
  • Eastern & Western Express Highways & Sea-Link
  • Monorail connectivity
What’s Not Great About Parel
  • Traffic congestion in peak hours
  • Limited mid range housing options

How to Visit Parel, Mumbai?

Parel Mumbai
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Parel Map and Nearby Landmarks
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  • Schools
  • Hospitals
  • Hotels
  • Business Hubs
  • Shopping Centers
  • City Connections
City Connection Near by Parel
Hotel Near by Parel
Shopping Center Near by Parel
Business Hub Near by Parel

Social Infrastructure Nearby Parel, Mumbai

School Nearby Parel, Mumbai
  • Dr. Shirodkar Highschool
  • Sindh National High School
  • Swami Hansumani College
  • StJohn High School
  • Shahid Bhagat Singh Kuwarram School
  • Jaslok High School
  • Social Service League High School And Junior College
  • R M Bhatt High School And Junior College
  • JBCN International School
  • Shri Velji Lakhamshi Napoo High School And Junior College Of Commerce
+ (8) more
Hospital Nearby Parel, Mumbai
  • Sanjeevani Hospital
  • Shree Maternity Hospital
  • Madhavbaug Clinic Ulhasnagar East
  • Bai Jerbai Wadia Hospital For Children
  • Shree Vighnaharta Hospital
  • Government Hospital
  • Ashirwad Hospital
  • Manas Hospital
  • Shrishti Nursing Home
  • Shivneri Hospital
+ (8) more
Business Hub Nearby Parel, Mumbai
  • Modi Business Centre

Property Rates & Price Trends in Parel

Summary For Parel

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 ...

Location Summary for Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Sales Transactions
194
Gross Sales Value
₹ 486 Cr.
Current Rate/Sq.ft
₹ 34,236
Rental Rate/Sq.Ft
₹ 107.096
Location Sales Trend for Parel
  • All
  • New Sale
  • Resale
Price Movement in & around Parel
  • All
  • New Sale
  • Resale
Location Current Price 3 Months 6 Months 1 Year
Parel ₹ 34,236 -1.45% +3.19% +2.63%
Lower Parel ₹ 52,197 +16.05% +19.33% +12.90%
Chinchpokli ₹ 24,903 -3.08% +3.81% +4.01%
Jacob Circle ₹ 28,778 -7.68% -5.48% -16.36%
Dadar East ₹ 28,139 +0.75% +3.29% +6.56%
Worli ₹ 45,927 -0.98% +10.58% +14.90%
Prabhadevi ₹ 40,828 +3.15% +1.55% +11.13%
Sewri ₹ 25,127 -2.47% -0.74% +3.90%
Dadar West ₹ 34,875 +4.22% +3.44% +18.89%
Agripada ₹ 36,896 -7.80% -15.07% -0.93%
Rental Distribution for Parel
  • Rental
  • 3M
Configurations Area Range(in Sq.Ft.) Price Range
1 BHK 400-500 ₹ 46,600 - 58,200
1.5 BHK 450-600 ₹ 52,400 - 69,900
2 BHK 800-1000 ₹ 93,200 - 116,500
2.5 BHK 1200-1400 ₹ 139,800 - 163,100
3 BHK 1207-1851 ₹ 140,600 - 215,600
3.5 BHK 1400-1468 ₹ 163,100 - 171,000
4 BHK 1416-2645 ₹ 164,900 - 308,100
5 BHK 3000-4800 ₹ 349,400 - 559,100
6 BHK 5000-18000 ₹ 582,400 - 2,096,600
Studio 250-310 ₹ 29,100 - 36,100
Top Selling Projects by Transaction in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Transactions Current Price Price Change
IndiaBulls Sky Forest 18 ₹ 46,311 -₹ 1,826
L&T Crescent Bay 10 ₹ 41,821 +₹ 1,110
Bhoomi Simana 10 ₹ 35,983 -₹ 1,182
Peninsula Ashok Towers 7 ₹ 49,269 -₹ 4,806
Peninsula Ashok Gardens 6 ₹ 43,437 +₹ 821
Avighna One Avighna Park 4 ₹ 62,053 +₹ 17,972
Peninsula Celestia Spaces 3 ₹ 41,979 +₹ 5,253
Abhilasha Shramik CHS 3 ₹ 38,834 -₹ 440
Ameya Vighnaharta CHS 3 ₹ 32,593 +₹ 4,964
Maharashtra CHS 3 ₹ 29,232 -₹ 1,020
Top Selling Projects by Value in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Sale Value Current Price Price Change
IndiaBulls Sky Forest ₹ 129 Cr. ₹ 46,311 -₹ 1,826
L&T Crescent Bay ₹ 49 Cr. ₹ 41,821 +₹ 1,110
Avighna One Avighna Park ₹ 47 Cr. ₹ 62,053 +₹ 17,972
Peninsula Ashok Towers ₹ 39 Cr. ₹ 49,269 -₹ 4,806
Bhoomi Simana ₹ 32 Cr. ₹ 35,983 -₹ 1,182
Peninsula Ashok Gardens ₹ 30 Cr. ₹ 43,437 +₹ 821
Peninsula Celestia Spaces ₹ 15 Cr. ₹ 41,979 +₹ 5,253
Kalpataru Avana ₹ 13 Cr. ₹ 50,793 ₹ 0
Dosti Flamingos ₹ 6 Cr. ₹ 33,898 +₹ 1,276
Shree Ganesh Nagar CHS ₹ 5 Cr. ₹ 37,668 ₹ 0
Top Developers by Transaction in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Developer Name Transactions
Indiabulls Real Estate 18
Peninsula Land 16
Bhoomi Group 10
L&T Realty 10
Gundecha Construction 7
Hi Rock Construction 5
Kalpataru 4
Avighna Builders 4
Bhairaav Group 4
Samcon Builders 3
Top Gainer Projects in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Transactions Current Price Price Change
L&T Crescent Bay 10 ₹ 41,821 +₹ 1,110
Peninsula Ashok Gardens 6 ₹ 43,437 +₹ 821
Bhoomi Simana 10 ₹ 35,983 -₹ 1,182
IndiaBulls Sky Forest 18 ₹ 46,311 -₹ 1,826
Peninsula Ashok Towers 7 ₹ 49,269 -₹ 4,806
High Value Transactions in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Gross Value
L&T Crescent Bay ₹ 13 Cr.
Avighna One Avighna Park ₹ 13 Cr.
IndiaBulls Sky Forest ₹ 11 Cr.
Peninsula Ashok Towers ₹ 9 Cr.
Peninsula Ashok Gardens ₹ 7 Cr.
Peninsula Celestia Spaces ₹ 7 Cr.
Bhoomi Simana ₹ 5 Cr.
Lodha Venezia ₹ 4 Cr.
Dosti Flamingos ₹ 4 Cr.
Om Residency ₹ 3 Cr.
Most Expensive Projects in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Current Price
Avighna One Avighna Park ₹ 62,053
Kalpataru Avana ₹ 50,793
Peninsula Ashok Towers ₹ 49,269
IndiaBulls Sky Forest ₹ 46,311
Peninsula Ashok Gardens ₹ 43,437
Peninsula Celestia Spaces ₹ 41,979
L&T Crescent Bay ₹ 41,821
Runwal Nirvana ₹ 41,238
Magnum Tower ₹ 39,388
Lodha Venezia ₹ 39,336
5.0
1 Rating
  • 5 Star 1
  • 4 Star 0
  • 3 Star 0
  • 2 Star 0
  • 1 Star 0
What’s good
  • Centrally Located with Good Connectivity
  • Business Hubs & Offices in Close Proximity
  • Reputed Schools or Hospitals in the Vicinity
  • Plenty of Shopping & Entertainment Options Nearby

Demand in Parel, Mumbai

  • Sale
  • Rent
Property Type
Enquiries
Apartment
99%
BHK
Enquiries
1 BHK
30%
2 BHK
39%
2.5 BHK
1%
3 BHK
21%
4 BHK
6%
Budget
Enquiries
Below 50 L
12%
50 L - 2 Cr.
18%
2 Cr. - 5 Cr.
46%
Above 5 Cr.
22%

Supply in Parel, Mumbai

  • Sale
  • Rent
Property Type
Enquiries
Apartment
98%
BHK
Enquiries
1 BHK
13%
2 BHK
41%
2.5 BHK
2%
3 BHK
32%
4 BHK
7%
Budget
Enquiries
Below 50 L
10%
50 L - 2 Cr.
11%
2 Cr. - 5 Cr.
44%
Above 5 Cr.
33%
Hot Selling Projects in Parel, Mumbai
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Top Real Estate Experts in Parel, Mumbai
Y
Yusuf Moinuddin Shaikh
Mumbai, Maharashtra
  • 2 Years Experience
  • 16 Transactions
  • Speaks: English
  • Verified Transactions: 16
Ankit Kumar Mumbai, Maharashtra
Ankit Kumar
Mumbai, Maharashtra
  • 5 Years Experience
  • 170 Listings in Parel
  • Speaks: English,Hindi,Marathi
Satish Dalvi Mumbai, Maharashtra
Satish Dalvi
Mumbai, Maharashtra
  • 50 Listings in Parel
  • Speaks: English,Hindi,Marathi
Aparna Gomane Mumbai, Maharashtra
Aparna Gomane
Mumbai, Maharashtra
  • 10 Years Experience
  • 19 Listings in Parel
  • Speaks: English,Hindi,Marathi
S
Sunil Rajaram Palav
Mumbai, Maharashtra
  • 5 Listings in Parel
  • Speaks: English,Hindi,Marathi
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