The Lower Parel area offers this peculiarity since location is the most crucial feature that aids end-users and investors in the ultimate decision-making process. It is a rapidly growing neighbourhood in the South Central Mumbai zone having 14% appreciation in the last year and is part of a luxury micro-market. Check out the article for insights on the best Residential Projects in Lower Parel.
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Lower Parel Real Estate Overview
Once a bustling centre for textile production hub Lower Parel now has become a spot for luxurious residential projects, commercial establishments, upscale and chic restaurants, entertainment venues and a place for big retail stores in 10-15 years.
This micro-market in South Mumbai has grown to be one of the best sought-after residential areas due to how the area’s infrastructure is shaping.
The area offers excellent connectivity via roads and railway to other parts of Mumbai, Bandra-Kurla Complex.
Also, the area has smooth connectivity to the International airport and proximity to the eastern and western expressways.
The area is known for its high-rise buildings that provide residents with first-rate amenities and breathtaking spectacular views of the city.
The real estate in Mumbai is growing as the demand for flats in Lower Parel is rising day by day.
Here is a list of the Best Residential Projects in Lower Parel
Lodha Park
Lodha Park is one of the most luxurious and best residential projects in Lower Parel. The project is set across 75 acres of land parcel having two high-rising towers Lodha Kiara and Lodha Trump Tower in it.
The project is all about premium lifestyles and lavish amenities like a private park, a swimming pool, a gymnasium, a cafe lounge and much more. The possession of Lodha Park is in 2023.
Why Lodha Park
- Exclusive 7 deluxe swimming pools.
- Aerial view of the Arabian Sea, the Eastern Seaboard, and several other sites
- A 7-tier security system including swipe cards for the elevators and lobby
- Dedicated 7 acres of Private Garden
Connectivity
The project has great connectivity via the eastern expressway and Worli Sea link to parts of Mumbai and other areas via the Mumbai Suburban Railway.
Property Rates in Lodha Park
| Type | Carpet Area | Price |
| 2 BHK | 893 sq. ft | ₹ 5.20 Cr |
| 3 BHK | 1197 sq. ft | ₹ 6.40 Cr |
| 3 BHK | 1331 sq. ft | ₹ 7.20 Cr |
| 3 BHK | 1415 sq. ft | ₹ 7.60 Cr |
| 4 BHK | 1702 sq. ft | ₹ 9.20 Cr |
Also, check out Lodha The Park- An Overview Of The Premium Township Project
Piramal Mahalaxmi
Piramal Mahalaxmi is a luxurious project spread across 4 acres of sprawling land in Lower Parel with three towers in the project. The Project offers spacious 2,3 & 4 BHK apartments designed in a way to give a buyer a modern lifestyle and premium feel which makes it one of the best residential projects in Lower Parel
The amenities at Piramal Mahalaxmi are crafted for every individual such as a swimming pool, a fitness centre, a spa, a Jacuzzi, a multipurpose court and much more. The project will be handed over in Dec 2024.
Why Piramal Mahalaxmi
- Pool with an infinity edge and a gym designed for the tower
- Mahalaxmi Racecourse’s scenic surrounds and the Arabian Sea view
- Constructing on the theme of Biophilia
- Effortless access to essential piece business hubs including BKC and Nariman Point.
Connectivity
The has proximity to Worli and other parts of Mumbai via Expressway. Dedicated railroad intersection on the Mumbai Metropolitan Railway Network’s Western Line.
Property Rates in Piramal Mahalaxmi
| Type | Carpet Area | Price |
| 2 BHK | 851 sq. ft | ₹ 4.91 Cr |
| 2 BHK | 762 sq. ft | ₹ 3.60 Cr |
| 2 BHK | 745 sq. ft | ₹ 3.46 Cr |
| 3 BHK | 1272 sq. ft | ₹ 7.58 Cr |
| 3 BHK | 1138 sq. ft | ₹ 6.85 Cr |
| 3 BHK | 1046 sq. ft | ₹ 5.42 Cr |
| 4 BHK | 1850 sq. ft | ₹ 9.48 Cr |
| 4 BHK | 1866 sq. ft | ₹ 9.56 Cr |
Also, Check out Property Rates in Mumbai 2024
Lodha World One
Lodha World One is a premium project soaring to the majestic tops in Mumbai’s distance which spread in 17 acres of land. The project offers 3, 4 & 5 BHK apartments here surrounded by cutting-edge, top-notch exteriors and interiors.
Also, Lodha World One has beautifully structured amenities such as a Badminton court, swimming pool, multipurpose hall, children’s play area, private lounge and much more which makes it the best residential project in the Lower Parel location.
The possession is in Dec 2022.
Why Lodha World One
- Premium living at 78-story high-rising towers
- 24/7 security surveillance is available
- Excellent connectivity via expressways.
- Lush with a green touch with landscaped gardens.
Connectivity
The project has connectivity via the eastern expressway and Mumbai Central, western line railway. Also, the upcoming monorail proximity makes the project more desirable and demanding to live in Mumbai.
Property Rates in Lodha World One
| Type | Carpet Area | Price |
| 3 BHK | 1703 sq. ft | ₹ 9.50 Cr |
| 4 BHK | 2081 sq. ft | ₹ 13.50 Cr |
Also, check out the Latest Property Rates In South Mumbai 2024
Bhoomi Simana
Bhoomi Simona is a sky-towering grandeur of the exclusive gated community in Parel spread in 5.4 acres of land parcel. The project has grand-size interiors of the 2, 2.5, and 3 BHK prestige apartments that are filled with plenty of natural light and ventilation.
Amenities at Bhoomi Simona offer a swimming pool, cafe lounge, yoga and meditation zone, event hall, gymnasium and much more designed to give all the comfort you deserve.
The project is designed with a rich lifestyle in mind and convenience from each angle which makes it one of the best residential projects in Bhoomi Simana.
The project will be handed over in Dec 2025.
Why Bhoomi Simana
- IGBC-certified environmental project
- Stunning views of the Arabian Sea
- There is an open space of more than 75000 square feet on the bottom floor.
- A 3.6-metre height from floor to floor
Connectivity
The project ensures smooth connectivity via the Eastern Expressway and Freeway to other parts of Mumbai. And has Eastern, Western and Prabhadevi Railway proximity.
Property Rates in Bhoomi Simana
| Type | Carpet Area | Price |
| 2 BHK | 825 sq. ft | ₹ 3.74 Cr |
| 2.5 BHK | 950 sq. ft | ₹ 4.25 Cr |
| 3 BHK | 1140 sq. ft | ₹ 5.17 Cr |
Indiabulls Sky Forest
Indiabulls Sky Forest is one of the magnificent and best residential projects in Lower Parel. The project is spread over 1.3 acres of land offering luxurious 3 & 4 BHK apartments.
The wide set of amenities like a swimming pool, gymnasium, multipurpose hall, langue, a unisex SPA and much more makes it a bliss to live here.
The possession will start in March 2023.
Why Indiabulls Sky Forest
- In South Mumbai, the property also provides first-rate premium residences.
- Views of the Mumbai Skyline that are stunning from the double-height elevation
- 100% power backup facility available.
- Massive podium Garden to give you a touch of nature.
Connectivity
The project possesses connectivity via the Central & Western lines, two of Mumbai’s major railway lines, which are conveniently close to the project. In addition, the much-anticipated Mumbai monorail is eventually scheduled to run across the city on the eastern side along G D Ambekar Marg, improving connectivity in the region.
Property Rates in IndiaBulls Sky Forest
| Type | Carpet Area | Price |
| 3 BHK | 2921 sq. ft | ₹ 14.00 Cr |
| 3 BHK | 3374 sq. ft | ₹ 16.19 Cr |
| 4 BHK | 2908 sq. ft | ₹ 13.95 Cr |
| 4 BHK | 3589 sq. ft | ₹ 17.22 Cr |
| 4 BHK | 3668 sq. ft | ₹ 17.60 Cr |
As we anticipate the upcoming year, Lower Parel’s property market stands poised for growth with a projected 3% year-on-year rise in rates. This reflects not just an appreciation of property values, but also the unwavering appeal of Lower Parel as a prime real estate destination.
As the heartbeat of Mumbai’s evolving landscape, Lower Parel continues to captivate investors and homebuyers alike, promising a harmonious blend of luxury, convenience, and enduring value in the year ahead.
Don’t miss out on the chance to own your slice of paradise in Mumbai. Visit Homebazaar.com today and let us guide you on the path to a brighter future.
Also, check out Splendid Living At Godrej High Grove
FAQs
| Is Lower Parel a good area?
Malls, supermarkets, schools, universities, hospitals, restaurants, railway stations, & metro stations are all within easy walking distance which makes this a lovely neighbourhood. |
| Is Lower Parel expensive?
One of Mumbai’s most luxurious and expensive residential housing segments in Lower Parel. |
| Is Lower Parel a good place to live?
Yes, Lower Parel is a safe place to live. It has schools, colleges, fancy restaurants, malls everything in the vicinity. |
| How far is Lower Parel from the airport?
The Mumbai International Airport is 10 KM away from Lower Parel. |
