Lower Parel is a major commercial suburb of Mumbai, located 9.5 kilometres from downtown South Mumbai. It is centrally located between Naigaon, Chinchpakoli, Worli, and Sewri. Lower Parel is home to a number of upscale residential and commercial buildings constructed by developers such as Indiabulls, Soundline Realty, Orbit, and Zeus Housing and Construction. Lower Parel's prominent residential projects include Indiabulls Sky Forest, Soundlines Florence, Orbit Grand, and Zeus Heritage.
Lower Parel is a Mumbai, Maharashtra suburb in the Konkan Division that covers 2.97 square kilometres and has a hot and humid climate all year. The approximate population of this area is 1,24,100, with 64,647 males and 59,453 females. It is located at 18.99°N 72.84°E. Marathi, Urdu, and Hindi are among the languages spoken here. Lower Parel is governed by the Municipal Corporation of Greater Mumbai.
Lower Parel is a well-connected neighbourhood thanks to Tulsi Pipe Road, NM Joshi Marg, the Mumbai Monorail, and the Western Suburban Railway Line. The Mumbai International Airport is 17 kilometres away. The proposed Lower Parel Metro Station on Line 3 (Colaba Bandra - SEEPZ) will also make commuting smoother.
Various schools in Lower Parel include Muktangan English School and Jr College and Helen Keller Institute for Deaf & Blind.
The various restaurants in Lower Parel include Indigo Delicatessen and Domino’s Pizza.
The hospitals in Lower Parel are Nirmala Hospital Maternity and GDA Impex, among others.
Shopping complexes in Lower Parel are High Street Phoenix Mall and Palladium.
Banks in Lower Parel include IDBI Bank LTD and Axis Bank ATM.
The Chhatrapati Shivaji Maharaj International Airport is nearby.
The nearest railway station is Goregaon Metro Station.
There are several bus stops which help to connect with other parts of the city.
The distance from Mumbai Central railway station to Lower Parel is 6.8 kilometres.
Matoshri Ramabai Thackeray Udyan and K Laxman Garden are the parks in Lower Parel.
- Approx Distance from Lower Parel to:
- Commute Time via National Highway 3 from Lower Parel to:
- Cab Fare from Lower Parel to:
Many transportation options are available in Lower Parel, Mumbai to make commuting easier for residents. To get from one place to another, one can use a variety of modes of transportation. These include taxis, trains, buses, automobiles, and bicycles. These Lower Parel transportation services make it simple for people to travel from one location to another without hassles.
As per reports, Lower Parel is one of Mumbai's most important neighbourhoods today. Residents rate it as the premium locality with the most important offices and business hubs, as well as the most luxurious residential complexes. Large real estate developers are heavily investing in this area. Lower Parel is in the heart of the city close to all of the important areas. This area's social infrastructure is also very well-developed, with many schools and colleges. There are numerous well-equipped hospitals that offer a wide range of services. There are also numerous refreshment options, such as restaurants, parks, and a movie theatre. The airport and railway stations are also conveniently located.
There are numerous ways to get to Lower Parel from the city, such as cab or train. Consider these preferred modes of transportation from a specific city to Lower Parel in Maharashtra.
Location Summary: Lower Parel
Lower Parel is a popular commercial and residential location in Mumbai, India. It is a rapidly developing area and has become one of the most sought-after locations for real estate investment in the city. Here are some key details about the location:
Rental Rate: The current rental rate in Lower Parel is ₹ 108 per square...
Sales Transactions |
234 |
Gross Sales Value |
₹ 1,314 Cr. |
Current Rate/Sq.ft |
₹ 70,917 |
Rental Rate/Sq.Ft |
₹ 118.81 |
Location | Current Price | 3 Months | 6 Months | 1 Year |
---|---|---|---|---|
Lower Parel | ₹ 70,917 | -9.15% | +12.44% | +13.13% |
Parel | ₹ 46,546 | +0.14% | +1.13% | +12.41% |
Worli | ₹ 84,137 | -1.98% | -1.43% | -3.00% |
Jacob Circle | ₹ 29,432 | -4.18% | -17.53% | -25.67% |
Chinchpokli | ₹ 23,356 | -1.13% | -4.73% | -11.87% |
Prabhadevi | ₹ 78,353 | -7.65% | -2.28% | +2.39% |
Mahalaxmi | ₹ 59,113 | - | +5.49% | - |
Agripada | ₹ 43,407 | +1.81% | -5.76% | -13.12% |
Dadar West | ₹ 55,984 | -0.47% | +4.27% | +4.59% |
Dadar East | ₹ 48,631 | +0.53% | -2.22% | -4.19% |
Configurations | Area Range(in Sq.Ft.) | Price Range |
---|---|---|
1 BHK | 362-465 | ₹ 52,500 - 67,400 |
1.5 BHK | 400-600 | ₹ 58,000 - 87,000 |
2 BHK | 800-895 | ₹ 116,000 - 129,800 |
2.5 BHK | 947-1050 | ₹ 137,300 - 152,200 |
3 BHK | 1092-1415 | ₹ 158,300 - 205,200 |
3.5 BHK | 1400-1798 | ₹ 203,000 - 260,700 |
4 BHK | 1600-1940 | ₹ 232,000 - 281,300 |
5 BHK | 2826-3000 | ₹ 409,700 - 435,000 |
6 BHK | 2900-3500 | ₹ 420,500 - 507,500 |
Studio | 250-350 | ₹ 36,200 - 50,700 |
Project | Transactions | Current Price | Price Change |
---|---|---|---|
Birla Niyaara | 19 | ₹ 86,620 | +₹ 2,031 |
Lodha The Park | 18 | ₹ 63,896 | +₹ 3,380 |
Raheja Imperia | 14 | ₹ 74,767 | +₹ 3,849 |
Lodha Park Signet | 11 | ₹ 61,844 | -₹ 30 |
Lodha World Tower | 7 | ₹ 73,449 | +₹ 2,502 |
Trump Tower | 6 | ₹ 47,898 | - |
Lodha Parkside | 5 | ₹ 63,521 | +₹ 149 |
Lodha World One | 5 | ₹ 50,330 | - |
Lodha Marquise | 4 | ₹ 52,059 | -₹ 1,912 |
Lodha Adrina | 2 | ₹ 65,293 | - |
Project | Sale Value | Current Price | Price Change |
---|---|---|---|
Birla Niyaara | ₹ 486 Cr. | ₹ 86,620 | +₹ 2,031 |
Lodha The Park | ₹ 130 Cr. | ₹ 63,896 | +₹ 3,380 |
Raheja Imperia | ₹ 107 Cr. | ₹ 74,767 | +₹ 3,849 |
Lodha World Tower | ₹ 94 Cr. | ₹ 73,449 | +₹ 2,502 |
Lodha World One | ₹ 60 Cr. | ₹ 50,330 | - |
Trump Tower | ₹ 44 Cr. | ₹ 47,898 | - |
Lodha Marquise | ₹ 32 Cr. | ₹ 52,059 | -₹ 1,912 |
Lodha Park Signet | ₹ 26 Cr. | ₹ 61,844 | -₹ 30 |
Lodha Parkside | ₹ 25 Cr. | ₹ 63,521 | +₹ 149 |
Lodha Adrina | ₹ 16 Cr. | ₹ 65,293 | - |
Developer Name | Transactions |
---|---|
Lodha Group | 37 |
Birla Estates | 19 |
Raheja Universal | 14 |
Lodha | 13 |
Adi Realtors | 10 |
Enpar Group | 5 |
Lalitambika Builders And Developers | 3 |
Swaraj Homes Builders And Developer | 2 |
Piramal Realty | 2 |
Ashford Group | 1 |
Project | Transactions | Current Price | Price Change |
---|---|---|---|
Lodha The Park | 18 | ₹ 63,896 | +₹ 3,380 |
Raheja Imperia | 14 | ₹ 74,767 | +₹ 3,849 |
Lodha World Tower | 7 | ₹ 73,449 | +₹ 2,502 |
Birla Niyaara | 19 | ₹ 86,620 | +₹ 2,031 |
Lodha Parkside | 5 | ₹ 63,521 | +₹ 149 |
Lodha Park Signet | 11 | ₹ 61,844 | -₹ 30 |
Project | Gross Value |
---|---|
Lodha The Park | ₹ 17 Cr. |
Lodha World One | ₹ 15 Cr. |
World Crest | ₹ 12 Cr. |
Raheja Imperia | ₹ 11 Cr. |
Lodha Marquise | ₹ 9 Cr. |
Trump Tower | ₹ 9 Cr. |
Lodha Adrina | ₹ 9 Cr. |
Marathon Nextzen Era | ₹ 6 Cr. |
Lodha Parkside | ₹ 6 Cr. |
Lodha Park Signet | ₹ 6 Cr. |
Project | Current Price |
---|---|
Birla Niyaara | ₹ 86,620 |
Raheja Imperia | ₹ 74,767 |
Lodha World Tower | ₹ 73,449 |
Lodha Adrina | ₹ 65,293 |
Lodha The Park | ₹ 63,896 |
Lodha Parkside | ₹ 63,521 |
Lodha Park Signet | ₹ 61,844 |
Lodha Allura | ₹ 54,394 |
Neelkamal CHS | ₹ 54,368 |
Lodha Marquise | ₹ 52,059 |
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
79%
|
|
Builder Floor
|
1%
|
|
Office Space
|
10%
|
|
Penthouse
|
8%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
21%
|
|
1 RK
|
2%
|
|
1.5 BHK
|
3%
|
|
2 BHK
|
13%
|
|
3 BHK
|
21%
|
|
3.5 BHK
|
3%
|
|
4 BHK
|
10%
|
|
5 BHK
|
12%
|
|
Budget |
Enquiries |
|
---|---|---|
50 L - 2 Cr.
|
30%
|
|
2 Cr. - 5 Cr.
|
15%
|
|
Above 5 Cr.
|
54%
|
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
83%
|
|
Builder Floor
|
1%
|
|
Office Space
|
11%
|
|
Penthouse
|
1%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
11%
|
|
1 RK
|
0%
|
|
1.5 BHK
|
1%
|
|
2 BHK
|
23%
|
|
3 BHK
|
28%
|
|
3.5 BHK
|
3%
|
|
4 BHK
|
17%
|
|
5 BHK
|
6%
|
|
Budget |
Enquiries |
|
---|---|---|
50 L - 2 Cr.
|
11%
|
|
2 Cr. - 5 Cr.
|
17%
|
|
Above 5 Cr.
|
51%
|
More than 4,500 real estate projects registered under the Maharashtra Real Estate Regulatory Authority or MahaRERA are announced as lapsed. It is because the builders could not finish the pr...