Total Projects: 69
Buying property in Lower Parel is definitely an accomplishment since it is one of Mumbai’s biggest and most prime commercial cum residential zones. Lower Parel offers several premium and luxury properties and there are several well occupied and advanced projects in the locality. 3 and 4 BHK housing units are readily available in the area while leading developers like Neumec, Lodha and Indiabulls are hugely active here. Lower Parel has its own railway station and is also well connected to areas like Nariman Point, Prabhadevi, Mahalaxmi, Cuffe Parade, Dadar and Byculla. It is also well connected to Borivali, Bandra, Dadar, Virar and Andheri through local trains.
Lower Parel is home to some of Mumbai’s biggest companies and multinationals. It is one of the biggest and swankiest office zones in the city. Phase II of the Mumbai monorail project will connect Lower Parel to several other areas in the city. The Parel and Elphinstone railway stations are also well connected to Lower Parel. The Eastern and Western Express Highways are both well connected to Lower Parel along with the Bandra-Worli Sea-Link and King’s Circle Flyover. Lower Parel is well linked to Worli and posh locations in South Mumbai like Altamount Road.
Lower Parel offers access to several reputed educational institutions like the Cama Montessori & Primary School, Seth GS Medical College, WLCI College, Bhagini Kala Mandir High School, J J Primary English School, Maharishi Dayanand College of Arts, Science & Commerce and many others. Leading hospitals like the NM Joshi Hospital, Global Hospital, MGM Hospital, Dr Mahaska Hospital, IPC Heart Care Centre and many others are easily accessible from Lower Parel. The Helen Keller Institute is also located in the area. Shopping malls like the Palladium Mall and High Street Phoenix are located in the area along with several restaurants, retail outlets, stores, bars, clubs, pubs and other entertainment and recreational zones. Several banks have their branches in the area as well.
Property prices have gone up by approximately 0.23% in the area as per Q3 2015 and average prices stand at around INR 31, 270 per sq. ft. here. Popular projects include Lodha World One, Indiabulls Sky Forest, Indiabulls Sky, Lodha World Crest, Neumec Elegance, Marathon Heights, Orbit Grand and Lodha Trump Tower to name a few.