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Parel is one of the most expensive and influential areas in Mumbai. It is located in the Southern part of South Mumbai. It is comparatively more affordable than Lower Parel and other parts of Mumbai. It enjoys seamless connectivity and infrastructure. You can easily move to and fro from Parel towards any part of Mumbai. The average price of flats in Parel ranges from ₹ 40,000 per sq. ft. to ₹ 50,000 per sq. ft.
These are the key highlights if you are looking for properties in Parel.
Parel is just 18 Km away from the Chhatrapati Shivaji Maharaj International Airport. It will take around 40-50 minutes to reach there via Eastern Express Highway. Bus and cab services are also easily available. It will also take a 20-25 minutes drive to reach the upcoming Navi Mumbai International Airport via Atal Setu.
Parel is one of the eminent locations in South Mumbai. Thus, it has a presence of the top developers. Lodha, Runwal Group, L and T Realty, Raheja Universal, Ruparel Realty, Kalpataru Limited, and Peninsula Land are some of the popular developers in the locality.
Configurations | Average Price Range |
1 BHK | ₹ 1.25 Crore to ₹ 1.50 Crore |
2 BHK | ₹ 2.5 Crore to ₹ 4.50 Crores |
3 BHK | ₹ 5 Crores to ₹ 6.5 Crores |
4 BHK | ₹ 6.5 Crores to ₹ 11 Crores |
Lower Parel - (₹ 60,000-65,000 per sq. ft.)
Prabhadevi - (₹ 60,000 - 75,000 per sq. ft.)
Worli - (₹ 65,000 - 100,000 per sq. ft.)
Dadar West - (₹ 50,000 - 60,000 per sq. ft.)
Schools and Colleges
Shopping and Entertainment
Health Care
Business and Commercial Hubs
Parel is one the prominent localities of South Mumbai. It is equipped with smooth connectivity, best-in-class infrastructure and deluxe recreational facilities. The city offers moderate level to high-end residences, which assures lucrative price appreciation.
The average price of flats in Parel ranges from ₹ 30,000 per sq. ft. to ₹ 50,000 per sq. ft.
Chhatrapati Shivaji Maharaj International Airport is just 18 Km away from Parel. You can drive there in 40-50 minutes via Eastern Express Highway.
There are many options for 2 BHK apartments in Parel ranging from ₹ 1.50 Crore to ₹ 4.50 Crores.
Parel offers a wide range of residential options, ranging from moderate level apartments to premium residences in a gated community.
The price of a 4 BHK apartment varies from project to project. The average price of a 4 BHK apartment in Parel ranges from ₹ 6 Crores to ₹ 11 Crores.
Some of the prominent developers in Parel are Lodha, Raheja Universal, Runwal Group, L and T Realty, Ruparel Realty, Kalpataru Limited, and Peninsula Land.