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...
363 | |
₹ 2,553 Cr. | |
₹ 52,197 | |
₹ 120.173 |
Location | Current Price | 3 Months | 6 Months | 1 Year |
---|---|---|---|---|
Lower Parel | ₹ 52,197 | +16.05% | +19.33% | +12.90% |
Parel | ₹ 34,236 | -1.45% | +3.19% | +2.63% |
Worli | ₹ 45,927 | -0.98% | +10.58% | +14.90% |
Jacob Circle | ₹ 28,778 | -7.68% | -5.48% | -16.36% |
Chinchpokli | ₹ 24,903 | -3.08% | +3.81% | +4.01% |
Prabhadevi | ₹ 40,828 | +3.15% | +1.55% | +11.13% |
Agripada | ₹ 36,896 | -7.80% | -15.07% | -0.93% |
Dadar West | ₹ 34,875 | +4.22% | +3.44% | +18.89% |
Dadar East | ₹ 28,139 | +0.75% | +3.29% | +6.56% |
Configurations | Area Range(in Sq.Ft.) | Price Range |
---|---|---|
1 BHK | 330-465 | ₹ 47,900 - 67,500 |
1.5 BHK | 400-600 | ₹ 58,000 - 87,100 |
2 BHK | 771-893 | ₹ 111,900 - 129,600 |
2.5 BHK | 947-1050 | ₹ 137,400 - 152,300 |
3 BHK | 1092-1415 | ₹ 158,400 - 205,300 |
3.5 BHK | 1338-1500 | ₹ 194,100 - 217,600 |
4 BHK | 1600-1940 | ₹ 232,200 - 281,500 |
5 BHK | 2826-3000 | ₹ 410,000 - 435,300 |
6 BHK | 2900-3500 | ₹ 420,800 - 507,800 |
Studio | 250-350 | ₹ 36,300 - 50,800 |
Project | Transactions | Current Price | Price Change |
---|---|---|---|
Lodha The Park | 71 | ₹ 52,041 | -₹ 1,362 |
Birla Niyaara | 52 | ₹ 85,033 | +₹ 18,597 |
Lodha World Tower | 25 | ₹ 50,957 | +₹ 1,868 |
Raheja Imperia | 19 | ₹ 50,860 | +₹ 116 |
Govardhan CHS | 5 | ₹ 39,746 | - |
Lodha Park Signet | 4 | ₹ 64,141 | - |
Lodha Allura | 2 | ₹ 53,422 | - |
Lodha Kiara | 2 | ₹ 45,631 | - |
Darshan Ricco | 2 | ₹ 42,017 | - |
Rockline Mahavir Darshan CHS | 2 | ₹ 37,869 | +₹ 14,842 |
Project | Sale Value | Current Price | Price Change |
---|---|---|---|
Birla Niyaara | ₹ 1,278 Cr. | ₹ 85,033 | +₹ 18,597 |
Lodha The Park | ₹ 449 Cr. | ₹ 52,041 | -₹ 1,362 |
Lodha World Tower | ₹ 408 Cr. | ₹ 50,957 | +₹ 1,868 |
Raheja Imperia | ₹ 139 Cr. | ₹ 50,860 | +₹ 116 |
Lodha Kiara | ₹ 16 Cr. | ₹ 45,631 | - |
Lodha Allura | ₹ 10 Cr. | ₹ 53,422 | - |
Darshan Ricco | ₹ 9 Cr. | ₹ 42,017 | - |
Lodha Park Signet | ₹ 8 Cr. | ₹ 64,141 | - |
Lodha Parkside | ₹ 6 Cr. | ₹ 49,495 | - |
Rockline Mahavir Darshan CHS | ₹ 4 Cr. | ₹ 37,869 | +₹ 14,842 |
Developer Name | Transactions |
---|---|
Lodha Group | 100 |
Birla Estates | 54 |
Raheja Universal | 19 |
Alliance Infracorp Developers | 17 |
The Baya Company | 14 |
Lalitambika Builders And Developers | 11 |
Adi Realtors | 9 |
Enpar Group | 8 |
Om Shanti City Development Company | 6 |
Lodha | 6 |
Project | Transactions | Current Price | Price Change |
---|---|---|---|
Birla Niyaara | 52 | ₹ 85,033 | +₹ 18,597 |
Lodha World Tower | 25 | ₹ 50,957 | +₹ 1,868 |
Raheja Imperia | 19 | ₹ 50,860 | +₹ 116 |
Lodha The Park | 71 | ₹ 52,041 | -₹ 1,362 |
Project | Gross Value |
---|---|
Birla Niyaara | ₹ 44 Cr. |
Lodha World Tower | ₹ 30 Cr. |
Lodha The Park | ₹ 16 Cr. |
Raheja Imperia | ₹ 12 Cr. |
Lodha Parkside | ₹ 6 Cr. |
Darshan Ricco | ₹ 6 Cr. |
Lodha Allura | ₹ 6 Cr. |
Lodha Kiara | ₹ 5 Cr. |
Sanghvi Evana | ₹ 3 Cr. |
Lodha Park Signet | ₹ 3 Cr. |
Project | Current Price |
---|---|
Birla Niyaara | ₹ 85,033 |
Lodha Park Signet | ₹ 64,141 |
Lodha Allura | ₹ 53,422 |
Lodha The Park | ₹ 52,041 |
Lodha World Tower | ₹ 50,957 |
Raheja Imperia | ₹ 50,860 |
Lodha Parkside | ₹ 49,495 |
Lodha Kiara | ₹ 45,631 |
Raj God Gift Apartment | ₹ 45,049 |
Marathon Next Gen Era | ₹ 42,076 |
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
79%
|
|
Builder Floor
|
1%
|
|
Office Space
|
10%
|
|
Penthouse
|
8%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
21%
|
|
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
|
85%
|
|
Builder Floor
|
3%
|
|
Office Space
|
8%
|
|
Penthouse
|
1%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
7%
|
|
1.5 BHK
|
1%
|
|
2 BHK
|
26%
|
|
3 BHK
|
28%
|
|
3.5 BHK
|
4%
|
|
4 BHK
|
17%
|
|
5 BHK
|
7%
|
|
Budget |
Enquiries |
|
---|---|---|
50 L - 2 Cr.
|
7%
|
|
2 Cr. - 5 Cr.
|
22%
|
|
Above 5 Cr.
|
57%
|
Elan Group acquired two land tracts in the financial year 2022-2023 to expand its commercial real estate enterprise. The object of the exercise is to enter the big-ticket residential segment...