Parel Mumbai - Map, Projects, Photos & Reviews 2026

Locality Snapshot

About Parel, Mumbai

Located in Mumbai under the micromarket of Mumbai South, Parel (pincode: 400012) is ranked 19 out of 859 localities. With a market asking price averaging ₹45,650 per sq ft, this prime urban destination is currently supported by 524 properties for sale and 888 properties for rent.

Property options encompass diverse layouts with 1 BHK,1 RK,2 BHK,3 BHK,4 BHK,5 BHK,6 BHK alongside Apartment, Office Space, Warehouse.
Sale prices span a wide range from ₹7.00 Lakh to ₹45.00 Cr, reflecting an average sale price of ₹45,650 per sq ft and an average govt registration rate of ₹32,600 per sq ft.
Rental data indicates an average rental price of ₹168 per sq ft within a range of ₹18,000 to ₹35.00 Lakh, delivering a rental yield of 4.42%.
BHK-wise monthly rental pricing stands at Studio: ₹27,950 per month, 1 BHK: ₹52,850 per month, 2 BHK: ₹130,500 per month, 3 BHK: ₹193,400 per month, 4 BHK: ₹322,250 per month, and 5 BHK: ₹533,350 per month.
Infrastructure and quality-of-life indices feature a livability index of 4.4/5 livability index, a connectivity index of 4.4/5 connectivity index, a lifestyle index of 4.1/5 lifestyle index, and an edu-health index of 4.8/5 edu-health index.
Government transaction records demonstrate market activity with 188 transactions totaling ₹ 444 Cr recorded during Nov 25 to Oct 26.
Educational and healthcare needs are served by nearby institutions including Dr. Shirodkar Highschool, KMS Dr Shirodkar High School, R M Bhatt High School And Junior College, JBCN International School, Little Wonders Play School and Global Hospitals, ESI Mahatma Gandhi Memorial Hospital, KEMHospital, Desai Memorial Hospital, Dr Shanbhag Praful Ramdas Hospital Ramdas Childrens Hopsital.

Advantages & Considerations

Why choose Parel for Living?

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

What BHK configurations are available in Parel?

Property seekers in Parel can choose from various layouts, including 1 BHK,1 RK,2 BHK,3 BHK,4 BHK,5 BHK,6 BHK.

What social infrastructure and lifestyle quality does Parel offer?

Residents have access to key social infrastructure, featuring schools such as Dr. Shirodkar Highschool, KMS Dr Shirodkar High School, R M Bhatt High School And Junior College, JBCN International School, Little Wonders Play School and medical care at Global Hospitals, ESI Mahatma Gandhi Memorial Hospital, KEMHospital, Desai Memorial Hospital, Dr Shanbhag Praful Ramdas Hospital Ramdas Childrens Hopsital. Shopping and leisure needs are served by Nexus Diagnostics, Shri Sainath Embroidery, Wholesale Fish Market, Atlantic Plaza, Rsk Ram Shyam Krupa Chsl No 01, contributing to an overall score of 4.1/5 lifestyle index.

How active is the locality from a transaction perspective?

The government registration market recorded 188 transactions totaling ₹ 444 Cr during the Nov 25 to Oct 26 period. This activity reflects steady transaction velocity with an average registered rate of ₹32,600 per sq ft in Parel.

What is the average asking price, how has it changed quarterly, and how does it compare to the government registration rate?

The market asking price in Parel stands at ₹45,650 per sq ft alongside an average sale price of ₹45,650 per sq ft, while the average government registration rate is ₹32,600 per sq ft across the locality. Quarterly pricing showed a minor change of -0.89%, moving from Sep 2025 through Jun 2026. Sale prices in the area range from ₹7.00 Lakh to ₹45.00 Cr, with nearby location sale rates recorded at Lalbaug: ₹42,900 per sq ft (-23.86%), Lower Parel: ₹53,450 per sq ft (-6.17%), Sewri: ₹43,900 per sq ft (-1.30%), Dadar East: ₹47,100 per sq ft (+1.96%), and Prabhadevi: ₹67,900 per sq ft (+8.02%).
Quarterly location rate movements relative to micromarket averages illustrate micro-trends across recent periods in Parel.

Quarter	Location Rate	Micromarket Rate
Jun 2026	₹45,650 per sq ft	₹40,300 per sq ft
Mar 2026	₹46,050 per sq ft	₹46,350 per sq ft
Dec 2025	₹45,400 per sq ft	₹46,350 per sq ft
Sep 2025	₹44,250 per sq ft	₹46,200 per sq ft

The comparative data shows location rates peaking in Mar 2026 at ₹46,050 per sq ft before adjusting to ₹45,650 per sq ft by Jun 2026, remaining closely aligned with micromarket averages throughout the period.

What is the rental yield and which projects lead by rental or transaction rate?

Investors in Parel can secure a rental yield of 4.42%. Top projects by listing rate include Lodha Azzuro at ₹64,950 per sq ft, Lodha Codename Oriente at ₹64,950 per sq ft, Lodha Codename Hidden Jewel at ₹64,650 per sq ft, Abhyudaya Nagar CHS at ₹64,450 per sq ft, and Tata Condor Gardens at ₹64,300 per sq ft. Transaction activity across developers is led by Dosti Group with 4 transactions, followed by MJ Shah Group, Neelam Realtors Pvt Ltd, ISA Enterprises Builders, and Ameya Group with 1 transaction each.

Which developers are active here and what is the project pipeline?

Market activity in Parel features prominent developer contributions led by Lodha, Kalpataru, Rustomjee, Runwal, Ruparel. The project pipeline encompasses 5 new launch projects, 11 under-construction projects, and 10 ready-to-move developed projects.

What's Great

Top Highlights

Parel houses renowned medical institutions like KEM Hospital and Tata Memorial Hospital, ensuring exceptional healthcare access.
The locality offers seamless rail transit through Parel railway station on the Central Line.
Major arterial routes like Dr. Babasaheb Ambedkar Road provide smooth vehicular connectivity across Mumbai.
Proximity to corporate hubs like One International Centre makes commuting efficient for professionals.
The upcoming Sewri-Worli Connector promises faster transit between eastern and western suburbs.

Best For

Corporate executives working in One Indiabulls Centre benefit from living near Parel railway station.
Medical practitioners associated with Tata Memorial Hospital find Parel highly convenient for daily commutes.
Luxury seekers desiring proximity to High Street Phoenix prefer upscale high-rise residential towers here.
Families celebrating Lalbaugcha Raja festivities appreciate Parel for its deep cultural roots.
Frequent flyers utilizing the Eastern Freeway value Parel for its swift transit links.

What's Concerning

Watchouts / Gaps

Heavy traffic gridlocks occur frequently near Phoenix Mills on Senapati Bapat Marg due to narrow feeder roads and dense commercial developments.
Demolition and reconstruction works surrounding the Elphinstone Bridge corridor have heightened local dust pollution and structural safety worries for nearby residential buildings.
Severe monsoon waterlogging frequently paralyzes low-lying pockets across the F South ward, overwhelming legacy drainage systems shared with Lalbaug and Parel.
Intense high-rise tower redevelopment along NM Joshi Marg strains existing municipal water supply lines and strains local waste management infrastructure.
Pedestrian safety is severely compromised around Parel railway station due to aggressive street hawking encroachments and minimal walkable footpath space.

Not Ideal For

Vehicle owners detest Senapati Bapat Marg because heavy gridlocks near Phoenix Mills cause agonizingly slow daily commutes.
Commuters with mobility issues struggle as narrow footpaths near Parel railway station face severe vendor encroachment.
Noise-sensitive individuals suffer because heavy commercial redevelopment around Elphinstone Bridge generates intense, continuous construction noise.
Families seeking open space find it unsuitable due to the severe lack of parks surrounding Dr. E. Moses Road.
Patients needing urgent care face severe risks because ambulances get routinely trapped in chronic traffic jams near KEM Hospital.

Recent & Future Developments

What's New in Parel, Mumbai

Live news feed — last updated 25 September 2026

25 Sept2026

Mumbai's Infrastructure Expansion Reshaping Property Market

Mumbai's extensive infrastructure development, including the MTHL, Navi Mumbai International Airport, Coastal Road, and Metro network, is significantly influencing residential demand and property prices. Areas benefiting from improved connectivity are seeing property price increases, with 'connectivity-adjusted value' becoming a key factor in real estate pricing.

Source: The Times of India, Construction World

21 Sept2026

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.

Source: Free Press Journal

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.

How well-connected is Parel by bus, and what are the accessible nearby localities?

Commuters in Parel rely on local transit networks with DrShirodkar High School, Mahatma Gandhi Hospital, Parel Workshop, Nurses Quarters KEM Hospital, Saibaba Road Parel providing regular daily bus services. Residents moving between areas can easily access Currey Road, Dr Deshmukh Marg, Elphinstone Road, Delisle Road, BDD Chawl. The overall transportation network maintains a 4.4/5 connectivity index.

What spiritual places exist near Parel?

Residents seeking spiritual spaces in Parel can visit Sangameshwar Temple, Durga Mata Mandir, Shri Hanuman Mandir, Shree Vishwakarma Vansh Suthar Charitable Trust Mumbai, Baps Shri Swaminarayan Mandir located within the surrounding vicinity.

What do the quality-of-life index scores reveal about living in Parel?

Living standards in Parel are reflected through a livability index score of 4.4/5 livability index. Additionally, the area records an edu-health index score of 4.8/5 edu-health index.

What daily conveniences, retail stores, and food delivery options are available in Parel?

Parel features a robust network of daily convenience retail options, including prominent supermarkets and grocery stores like Nature's Basket and Apna Bazar. Residents have access to specialized spice and provision vendors such as G W Khamkar Spices and Chhadwa Grains and Provision Store, alongside neighborhood options like Niti General Stores and Rajeshwar Super Market. Medical and pharmaceutical needs are well-supported by establishments including Sony Medical & Super Market and Unicare Pharmacy and General Stores. Financial services and banking infrastructure are heavily integrated throughout the area, featuring physical branches and automated teller machines (ATMs) from major institutions like the Union Bank of India, ICICI Bank, Kotak Mahindra Bank, and IDFC First Bank. Furthermore, online food delivery platforms like Zomato and Swiggy—alongside quick-commerce networks like Swiggy Instamart—are fully active, providing seamless doorstep delivery across the locality.

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

What is the average sale price and how do prices vary by property status?

Properties in Parel command an average sale price of ₹45,650 per sq ft, with overall sale prices ranging from ₹7.00 Lakh to ₹45.00 Cr. Specifically, apartment properties are trading at an average sale price of ₹45,650 per sq ft with a minor price change of -0.89%.

Status	Units	Avg Price	Price Change
Ready To Move	239	₹40,250 per sq ft	+2.59%
Well Occupied	10	₹41,750 per sq ft	+8.64%
Partially Ready To Move	1	₹50,000 per sq ft	+5.40%
Mid Stage	1	₹49,150 per sq ft	+4.00%
Under Construction	11	₹42,650 per sq ft	+6.57%
New Launch	6	₹45,850 per sq ft	-0.06%
Project On Hold	1	₹38,100 per sq ft	+2.08%

Ready To Move units dominate the inventory with 239 available units priced at ₹40,250 per sq ft, while Partially Ready To Move properties record the highest average price at ₹50,000 per sq ft. Well Occupied inventory demonstrates strong value growth with an 8.64% price change, averaging ₹41,750 per sq ft across 10 units.

What is the average rental price, rental price range, and how do rental rates vary by property type?

The average rental price in Parel stands at ₹168 per sq ft, with a wide monthly rental range spanning from ₹18,000 to ₹35.00 Lakh.

Property Type	Avg Rental Rate	Change
shop	₹300 per sq ft	+19.48%
apartment	₹150 per sq ft	+3.07%

Commercial shop rentals reach ₹300 per sq ft accompanied by a significant 19.48% increase, whereas residential apartment rentals average ₹150 per sq ft with a 3.07% growth rate.

Which BHK types command what monthly rental rates?

Monthly rental rates across different BHK configurations in Parel scale progressively from Studio units at ₹27,950 per month to 1 BHK options at ₹52,850 per month. Larger configurations demand higher outlays, with 2 BHK units averaging ₹130,500 per month and 3 BHK homes priced at ₹193,400 per month. Premium large-format housing reaches ₹322,250 per month for 4 BHK residences and peaks at ₹533,350 per month for 5 BHK configurations.

Which nearby localities have comparable rental rates?

Rental rates in Parel average ₹168 per sq ft, closely paralleling several surrounding micro-markets. Bhoiwada, Lalbaug, Police Line, and Bdd Chawl all record uniform rental benchmarks of ₹150 per sq ft, with Police Line noting a 9.42% increase and Lalbaug showing a 3.97% rise. Meanwhile, Dhuru Wadi registers a higher average rental rate of ₹200 per sq ft, reflecting a 78.40% upward variance compared to baseline micro-market trends.

Which projects lead by rental rate?

Rental dynamics in Parel are anchored by premier residential developments commanding rates above the micro-market average. Kalpataru Avana leads the segment with a rental rate of ₹214 per sq ft, closely followed by Sahyadri CHS Parel at ₹213 per sq ft. Veena Building commands ₹197 per sq ft, while LnT Crescent Bay T4 and Vardhman Building record rental rates of ₹192 per sq ft and ₹190 per sq ft respectively.

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 Rates in Parel

Property Demand vs Supply

Where the Market is Moving

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

What property type is most in demand for buying, and how does resale availability compare?

Buyers in Parel primarily focus on Apartment, Builder Floor, Penthouse, showing clear preference for specific formats in the current market. To meet this active purchasing interest, the area currently features 524 resale properties ready for prospective buyers.

Which BHK type is most demanded and most supplied for renting?

Rental activity in Parel is heavily concentrated around 2 BHK, 1 BHK, 1 RK configurations, which attract the highest tenant interest. Property owners and developers match this tenant preference by deploying 2 BHK, 3 BHK, 1 BHK as the primary configuration across available rental stock.

Which property type dominates the buy-side supply?

The local inventory for purchase in Parel is largely anchored by Apartment, Builder Floor, Office Space, representing the core volume of active listings on the market.

Sale
Rent

By Property Type

	Demand	Supply
Apartment	93%	99%
Builder Floor	3%	1%
Penthouse	1%	1%

By BHK

	Demand	Supply
1 BHK	37%	8%
1 RK	4%	1%
2 BHK	28%	42%
2.5 BHK	1%	2%
3 BHK	18%	37%

4 BHK	2%	9%
5 BHK	3%	4%

By Budget

	Demand	Supply
Below 50 L	3%	10%
50 L - 2 Cr.	44%	7%
2 Cr. - 5 Cr.	38%	44%
Above 5 Cr.	13%	41%

By Property Type

	Demand	Supply
Apartment	92%	97%
Office Space	1%	2%
Pg	1%	1%
Shop	1%	1%

By BHK

	Demand	Supply
1 BHK	24%	9%
1 RK	13%	2%
1.5 BHK	2%	1%
2 BHK	38%	49%
3 BHK	11%	34%

Studio	1%	1%

By Budget

	Demand	Supply
15000 - 30000	14%	2%
30000 - 50000	20%	2%
Above 50000	65%	97%

Parel Spotlight

Top Projects in Parel, Mumbai

New Launch
Under Construction
Ready to Move

Sobha Inizio Parel, Mumbai 2, 3 BHK Apartment

₹ 4.55 Cr to 6.58 Cr

Rustomjee Vista Bay Parel, Mumbai 2, 3 BHK Apartment

₹ 3.60 Cr to 6.07 Cr

Sattva Sumera Parel, Mumbai 2, 3 BHK Retail Shop, Apartment

₹ 3.50 Cr to 6.50 Cr

Aztec One Parel Parel, Mumbai 1 BHK Apartment

Price On Request

Inclineestate Vakratunda Crest Featured Image

Inclineestate Vakratunda Crest Parel, Mumbai 1, 2 BHK Apartment

Price On Request

Explore all Projects in Parel

Runwal Parel Parel, Mumbai 2, 3 BHK Apartment

Price On Request

Promesa Fremont Parel, Mumbai 2, 3, 4 BHK Apartment

₹ 3.37 Cr to 8.34 Cr

Dharti CHS Parel, Mumbai 2, 3 BHK Apartment

₹ 3.51 Cr to 4.67 Cr

Infinity Residences Parel, Mumbai 1, 2 BHK Apartment

₹ 1.36 Cr to 2.95 Cr

Sitesh Pearl Heights Parel, Mumbai 1 BHK Apartment

₹ 1.32 Cr to 2.18 Cr

Podar Avanta Heights Parel, Mumbai 1, 2 BHK Apartment

₹ 1.63 Cr to 3.55 Cr

Sterling Luxuria Parel, Mumbai 1, 2, 5 BHK Apartment

₹ 1.55 Cr to 6.08 Cr

Ratnaraj The Pinnacle Parel, Mumbai 3, 4 BHK Apartment

Price On Request

Kinjal Pride Parel, Mumbai 1, 2 BHK Apartment

₹ 2.11 Cr to 3.38 Cr

Avadhoot Bhoiwada Chandra Bhuvan Featured Image

Avadhoot Bhoiwada Chandra Bhuvan Parel, Mumbai 1, 2 BHK Apartment, Retail Shop

₹ 1.75 Cr to 1.75 Cr

Explore all Projects in Parel

LnT Realty Crescent Bay Parel, Mumbai 2, 3, 4 BHK Apartment

₹ 3.53 Cr to 12.42 Cr

Piramal Chambers Parel, Mumbai

Price On Request

Dosti Flamingos Parel, Mumbai 2 BHK Apartment

Price On Request

LnT Crescent Bay T4 Parel, Mumbai 2, 3 BHK Apartment

₹ 3.20 Cr to 5.15 Cr

LnT Crescent Bay T6 Parel, Mumbai 3, 4 BHK Apartment

₹ 5.15 Cr to 10.20 Cr

LnT Crescent Bay T5 Parel, Mumbai 3 BHK Apartment

₹ 4.08 Cr to 5.15 Cr

LnT Crescent Bay T3 Parel, Mumbai 2, 3 BHK Apartment

₹ 3.75 Cr to 5.15 Cr

Lodha Primo Parel, Mumbai 2, 3 BHK Apartment

₹ 5.04 Cr to 5.04 Cr

L&T Crescent Bay T2 Parel, Mumbai 2, 3 BHK Apartment

₹ 3.75 Cr to 5.70 Cr

Kalpataru Avana Parel, Mumbai 3, 4, 5 BHK Apartment

₹ 12.55 Cr to 29.00 Cr

Explore all Projects in Parel

Trusted Developers

Top Builders in Parel, Mumbai

Lodha Mumbai

111Total Projects
39Experience

Kalpataru Mumbai

84Total Projects
50Experience

Rustomjee Mumbai

69Total Projects
23Experience

Runwal Mumbai

69Total Projects
41Experience

Ruparel Mumbai

44Total Projects
19Experience

Dosti Group Mumbai

30Total Projects
39Experience

LnT Realty Limited Mumbai

23Total Projects

LT Realty Limited Mumbai

23Total Projects

Piramal Realty Mumbai

20Total Projects
7Experience

Tata Mumbai

16Total Projects
35Experience

Ready to Move (16)

View all Builders

Browse Inventory

Properties Available in Parel, Mumbai

Sale
Rent

By Property Type
By BHK

Flats in Parel Mumbai

for Sale

1 BHK Flats

in Parel Mumbai for Sale

2 BHK Flats

in Parel Mumbai for Sale

3 BHK Flats

in Parel Mumbai for Sale

4 BHK Flats

in Parel Mumbai for Sale

By Property Type
By BHK

Flats in Parel Mumbai

for Rent

Office Spaces in Parel Mumbai

for Rent

1 RK Flats in Parel Mumbai

for Rent

1 BHK Flats

in Parel Mumbai for Rent

2 BHK Flats

in Parel Mumbai for Rent

3 BHK Flats

in Parel Mumbai for Rent

4 BHK Flats

in Parel Mumbai for Rent

Neighborhood

Localities in & around Parel, Mumbai

Compare top neighbouring localities and discover micro-markets nearby.

Gundecha Garden, Mumbai

Rank #160

Rental Yield

3.9%

1

New Projects

1

For Sale

1

For Rent

Mint Colony, Mumbai

Rank #177

Rental Yield

3.9%

1

For Sale

Abhyudaya, Mumbai

Rank #276

Rental Yield

3.9%

1

For Sale

2

For Rent

Lalbaug, Mumbai

4.0

(1 Review) Rank #365

Average Sale Price

₹ 42,900/sq. ft

Avg Rental

₹ 131/sq. ft

Rental Yield

3.9%

Dighe Nagar, Mumbai

Rank #370

Avg Rental

₹ 210/sq. ft

Rental Yield

3.9%

Krishna Nagar, Mumbai

4.6

(5 Reviews) Rank #578

Rental Yield

3.9%

2

For Rent

Bhoiwada, Mumbai

Rank #625

Avg Rental

₹ 144/sq. ft

Rental Yield

3.9%

1

New Projects

1

For Sale

6

For Rent

Kalachowki, Mumbai

Rank #650

Rental Yield

3.9%

1

New Projects

5

For Sale

Parmanand Wadi, Mumbai

Rank #676

Rental Yield

3.9%

1

For Sale

Railway Chawl, Mumbai

Rank #726

Rental Yield

3.9%

1

For Rent

Explore more Localities Nearby

Currey Road 5 Rent Listings

Dr Deshmukh Marg 3 Sale Listings

Elphinstone Road 1 Rent Listings

Delisle Road 1 Sale Listings

BDD Chawl 2 Sale Listings 7 Rent Listings

Shindewari 1 Sale Listings

Police Line 4 Rent Listings

Dhuru Wadi 3 Sale Listings 2 Rent Listings

Century Mills 16 Sale Listings 44 Rent Listings

Empire Mill 17 Sale Listings 79 Rent Listings

View all Localities

Resident Voices

Reviews & Ratings of Parel, Mumbai

What type of community and lifestyle does Parel attract?

Parel serves as a major commercial and corporate nerve center in Mumbai, anchored by prominent business districts such as Peninsula Corporate Park, One Indiabulls Centre, Lodha Excelus, and Kamala Mills. This heavy concentration of financial institutions, multinational corporations, and media houses draws a sophisticated demographic of corporate professionals, business leaders, and entrepreneurs. The neighborhood seamlessly blends its industrial heritage with modern urban renewal, featuring lifestyle destinations like High Street Phoenix and Phoenix Palladium malls alongside healthcare institutions such as KEM Hospital, Tata Memorial Centre, and Wadia Hospital. This environment fosters a fast-paced, walk-to-work lifestyle heavily favored by working professionals seeking proximity to major employment hubs across South Mumbai and nearby commercial zones like Worli and Bandra-Kurla Complex.

What does the resident rating say and what do residents praise?

Resident feedback for Parel highlights a positive sentiment, with residents praising aspects captured under Centrally Located with Good Connectivity, Reputed Schools or Hospitals in the Vicinity, Business Hubs & Offices in Close Proximity, Plenty of Shopping & Entertainment Options Nearby, Safe at Night with Well Lit Streets .

What concerns do residents raise?

Residents have also noted certain areas for improvement, specifically referencing concerns tagged under Very Few Shopping or Entertainment Options, Limited or no Green Areas & Parks, Water Logging & Sewage Disposal Problems.

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
Safe at Night with Well Lit Streets
Affordable Location with Good Upside Potential
Upcoming Planned Infrastructure Development e.g Metro, Expressway
Excellent Rental Yield
Lots of Green Areas & Parks
Near Metro or Good Public Transport
Superb Sewage & Drainage Maintenance

What's bad

Very Few Shopping or Entertainment Options
Limited or no Green Areas & Parks
Water Logging & Sewage Disposal Problems

Reviewed by:

100% Real estate agent

Top Reviews

a

amol uttam sawant Real estate agent

5

D

Dhananjay yadav Real estate agent

5

N

Nazeef Arzu Real estate agent

4

N

Nazeef Arzu Real estate agent

4

View all Reviews

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 524 properties are available for sale and 888 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, Safe at Night with Well Lit Streets . 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.