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Parel, Mumbai

Mumbai, 400012
Parel, Mumbai
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New Projects: ₹ 76.32 L - ₹ 29 Cr
Buy: ₹ 44,357 Per Sq. Ft
Rent: 12,000 - ₹ 6.25 L
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About Parel, Mumbai

Parel is a part of the Secondary Business District (SBD). Parel, which is spread over 4.05 square km, houses approximately 146,056 people. Parel's climate is tropical, with dry and wet seasons, high humidity, and moderate heat. Marathi is the official language. But Hindi is also spoken. The Eastern and Western Express highways and Sea Links provide easy access to other locations. There are monorail connections to many commercial hubs in Mumbai. Elphinstone is another name for Parel West due to its proximity to Elphinstone Road Station.

In the past, Parel used to host a lot of textile mills. Slowly, these textile mills are replaced by commercial office space development. Apart from this, Parel also has a political history. From 1962 to 2004, Parel was the Vidhan Sabha constituency of Maharashtra. It was incorporated into the Shivadi constituency by the demarcation of the 2008 Parliamentary and Assembly Constituencies Order. Not only this, the name Parel is derived from the Parli Vaijnath Mahadev Temple. The temple is dedicated to Lord Shiva. 

Brief description - Parel 

The coordinates of Parel are 18.9977 degrees north latitude and 72.8376 degrees east longitude. Also, the area is under the control of the Municipal Corporation of Greater Mumbai for civic amenities. The development of commercial towers in Parel has increased exponentially. This makes the location suitable for the working class. 

Parel, like many other places in Mumbai, has seen significant growth in real estate. Parel is well connected to the Mumbai Currey Road Railway Station as well as Chhatrapati Shivaji International Airport. Moreover, Parel is 12 minutes drive from King’s Circle Flyover and 20 minutes from Bandra-Worli Sea Link. The good connectivity of the location makes it the perfect place to invest in. 

What’s great about Parel?

Parel is a safe locality, all credit goes to the local police and their strict patrolling policy. It is very well connected with significant spots of the city. The road infrastructure of Parel is excellent. Parel is children-friendly as well. BMC Garden and Children’s Park are the most famous amusement parks in the locality. Parel also provides a hygienic environment. This ensures a disease friendly atmosphere for the residents. 

What’s not great about Parel?

Parel provides one of the best living conditions, and therefore, the price of residential buildings is high in comparison to the remaining city.

Physical Infrastructure and Liveability Index

Parel is located in one of the most livable parts of the city. The area has a history of several textile mills. Parel is well connected to major road and rail networks.

There are dozens of office spaces that serve as workplaces for many people. Well-known local schools are the Helen Keller Institute and Cama Montessori & Primary School. Notable universities here include Seth GS Medical College and Maharishi Dayanand College of Arts, Science, and Commerce. Major hospitals here include Global Hospitals and Mahatma Gandhi Memorial Hospital. Palladium Mall and High Street Phoenix are Parel's most famous shopping malls.

Nearby Parel - Distance Calculator

Parel is located in Mumbai City of Maharashtra. It offers easy connectivity with other parts of the city via roads and railways.

Approximate distance from Parel to

Lower Parel: 3.1 km

Chinchpokli: 1.5 km

Dadar East: 1.6 km

Prabhadevi: 2.6 km

Worli: 4.7 km

Commute time from Parel to

Lower Parel: 7 min

Chinchpokli: 4 min

Dadar East: 3 min

Prabhadevi: 6 min

Worli: 10 min

Cab fare from Parel to

Lower Parel: Rs. 108 - Rs. 174

Chinchpokli: Rs. 120 - Rs. 194

Dadar East: Rs. 108 - Rs. 174

Prabhadevi: Rs. 110 - Rs. 196

Worli: Rs. 110 - Rs. 178

Transport services availability

Parel offers a variety of transport options. It has a well-built system of roads and railways. Cabs, taxis, autos, buses, etc., are readily available in the neighborhood. The nearest airport is Chhatrapati Shivaji International Airport, 8.2 km away. The nearest train station is Mumbai Currey Road, 0.79 km away. There are monorail connections to many commercial hubs in Mumbai. Parel and Lower Parel stations are on the Mumbai Suburban Railway line. Elphinstone Road railway station is nearby, which is a part of the Western Line.

 How do people rate Parel?

Over the years, Parel has attracted many business hubs. Parel offers immense connectivity to other parts of the city. All the basic necessities, like schools, markets, malls, hospitals, etc., lie in close proximity. Also, people are quite content with the quality of living offered by Parel.

How to visit Parel?

There are numerous ways in order to reach this place in Mumbai. Let us get through the list of ways to reach Parel from any other city.

  • Take a train to reach Mumbai Currey Road railway station. 
  • The nearest airport to Parel is Chhatrapati Shivaji International Airport, 8.2 km away.
  • Airports in nearby cities include Pune, Surat, Vadodara, and Aurangabad. Reach any of the places by air and then take a bus or train to Parel.

Parel comparison

  • Navi Mumbai is in a development phase, while Parel is very well developed.
  • Proximity to malls, markets, schools, and hospitals is yet another reason to choose Parel over other places.
  • It is also very well connected to a wide network of roads and railways.
What’s on your mind askQuestion Ask and get answers from our Property Experts

Why Should You Invest in Parel, Mumbai?

What’s Great About Parel
  • Railway connectivity & strategic location
  • Access to biggest commercial hub in Mumbai
  • Excellent social infrastructure
  • Eastern & Western Express Highways & Sea-Link
  • Monorail connectivity
What’s Not Great About Parel
  • Traffic congestion in peak hours
  • Limited mid range housing options

How to Visit Parel, Mumbai?

Parel Mumbai
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Parel Map and Nearby Landmarks
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  • Schools
  • Hospitals
  • Hotels
  • Business Hubs
  • Shopping Centers
  • City Connections
School Near by Parel
Hospital Near by Parel
City Connection Near by Parel
Hotel Near by Parel
Shopping Center Near by Parel
Business Hub Near by Parel

Social Infrastructure Nearby Parel, Mumbai

School Nearby Parel, Mumbai
  • Dr. Shirodkar Highschool
  • Sindh National High School
  • Swami Hansumani College
  • StJohn High School
  • Shahid Bhagat Singh Kuwarram School
  • Jaslok High School
  • Social Service League High School And Junior College
  • R M Bhatt High School And Junior College
  • JBCN International School
  • Shri Velji Lakhamshi Napoo High School And Junior College Of Commerce
+ (8) more
Hospital Nearby Parel, Mumbai
  • Sanjeevani Hospital
  • Shree Maternity Hospital
  • Madhavbaug Clinic Ulhasnagar East
  • Bai Jerbai Wadia Hospital For Children
  • Shree Vighnaharta Hospital
  • Government Hospital
  • Ashirwad Hospital
  • Manas Hospital
  • Shrishti Nursing Home
  • Shivneri Hospital
+ (8) more
Business Hub Nearby Parel, Mumbai
  • Modi Business Centre

Property Rates & Price Trends in Parel

Summary For Parel

Location Summary: Parel

Parel is one of the prime locations in Mumbai, known for its excellent connectivity, top-notch infrastructure, and proximity to major business districts. The area is also home to some of the best residential properties, making it a popular choice among investors and homebuyers.

Rental Rate: The average rental rate in Parel is ...

City Summary for Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Sales Transactions
353
Gross Sales Value
₹ 866 Cr.
Current Rate/Sq.ft
₹ 57,013
Rental Rate/Sq.Ft
₹ 107.761
City Sales Trend for Parel
  • All
  • New Sale
  • Resale
Price Movement in & around Parel
  • All
  • New Sale
  • Resale
Location Current Price 3 Months 6 Months 1 Year
Parel ₹ 57,013 +4.31% +9.99% +25.86%
Lower Parel ₹ 77,315 -5.58% +15.33% +21.71%
Chinchpokli ₹ 24,616 +2.94% +1.62% -7.51%
Jacob Circle ₹ 34,153 +2.49% -6.60% -13.74%
Dadar East ₹ 52,289 +1.22% +1.58% +7.90%
Worli ₹ 86,552 +0.36% +1.38% -0.32%
Prabhadevi ₹ 82,253 -9.56% +0.82% +26.78%
Sewri ₹ 62,740 +26.66% +21.15% +21.34%
Dadar West ₹ 55,720 -2.53% +2.79% +2.89%
Agripada ₹ 47,178 -4.68% -3.48% -8.72%
Rental Distribution for Parel
  • Rental
  • 3M
Configurations Area Range(in Sq.Ft.) Price Range
1 BHK 400-500 ₹ 48,100 - 60,100
1.5 BHK 450-600 ₹ 54,100 - 72,100
2 BHK 800-976 ₹ 96,100 - 117,300
2.5 BHK 1125-1400 ₹ 135,200 - 168,200
3 BHK 1213-2090 ₹ 145,700 - 251,100
3.5 BHK 1400-1742 ₹ 168,200 - 209,300
4 BHK 1500-3000 ₹ 180,200 - 360,400
5 BHK 3250-4800 ₹ 390,500 - 576,700
6 BHK 6000-6000 ₹ 720,800 - 720,800
Studio 250-310 ₹ 30,000 - 37,200
Top Selling Projects by Transaction in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Transactions Current Price Price Change
IndiaBulls Sky Forest 23 ₹ 57,102 +₹ 648
Bhoomi Simana 23 ₹ 35,412 +₹ 3,254
L&T Crescent Bay 15 ₹ 40,501 +₹ 714
Kalpataru Avana 11 ₹ 46,288 -₹ 971
Peninsula Ashok Towers 8 ₹ 44,550 -₹ 5,753
Dosti Flamingos 5 ₹ 38,421 +₹ 2,984
Avighna One Avighna Park 4 ₹ 58,089 ₹ 0
Peninsula Ashok Gardens 3 ₹ 51,897 +₹ 2,780
Abhilasha Shramik CHS 3 ₹ 39,125 +₹ 333
Veer Mahal 3 ₹ 32,675 +₹ 191
Top Selling Projects by Value in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Sale Value Current Price Price Change
IndiaBulls Sky Forest ₹ 191 Cr. ₹ 57,102 +₹ 648
Bhoomi Simana ₹ 78 Cr. ₹ 35,412 +₹ 3,254
L&T Crescent Bay ₹ 72 Cr. ₹ 40,501 +₹ 714
Kalpataru Avana ₹ 61 Cr. ₹ 46,288 -₹ 971
Peninsula Ashok Towers ₹ 35 Cr. ₹ 44,550 -₹ 5,753
Avighna One Avighna Park ₹ 25 Cr. ₹ 58,089 ₹ 0
Peninsula Ashok Gardens ₹ 17 Cr. ₹ 51,897 +₹ 2,780
Dosti Flamingos ₹ 15 Cr. ₹ 38,421 +₹ 2,984
Shree Vijaya Residency ₹ 13 Cr. ₹ 31,609 ₹ 0
Lodha Venezia ₹ 8 Cr. ₹ 46,244 +₹ 8,766
Top Developers by Transaction in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Developer Name Transactions
Indiabulls Real Estate 24
Bhoomi 23
Promesa Realty 22
GBD Infra Project 21
L&T Realty 15
Peninsula Land 12
Kalpataru 11
Siroya Developers 8
Dosti Group 5
Samcon Builders 4
Top Gainer Projects in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Transactions Current Price Price Change
Bhoomi Simana 23 ₹ 35,412 +₹ 3,254
Dosti Flamingos 5 ₹ 38,421 +₹ 2,984
L&T Crescent Bay 15 ₹ 40,501 +₹ 714
IndiaBulls Sky Forest 23 ₹ 57,102 +₹ 648
Kalpataru Avana 11 ₹ 46,288 -₹ 971
Peninsula Ashok Towers 8 ₹ 44,550 -₹ 5,753
High Value Transactions in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Gross Value
IndiaBulls Sky Forest ₹ 12 Cr.
Peninsula Ashok Gardens ₹ 8 Cr.
L&T Crescent Bay ₹ 6 Cr.
Bhoomi Simana ₹ 5 Cr.
Lodha Venezia ₹ 5 Cr.
Lodha Primo ₹ 5 Cr.
Dosti Flamingos ₹ 4 Cr.
Rajkamal Heights ₹ 3 Cr.
Runwal Nirvana ₹ 3 Cr.
Anchor Victorian ₹ 3 Cr.
Most Expensive Projects in Parel
  • All
  • New Sale
  • Resale
  • 3M
  • 6M
  • 1Yr
Project Current Price
Avighna One Avighna Park ₹ 58,089
IndiaBulls Sky Forest ₹ 57,102
Peninsula Ashok Gardens ₹ 51,897
Evita Empress ₹ 51,515
Kalpataru Avana ₹ 46,288
Lodha Venezia ₹ 46,244
Kamgar Swa Sadan ₹ 46,239
Falcon Castle ₹ 45,662
Peninsula Ashok Towers ₹ 44,550
Magnum Tower ₹ 44,249
5.0
1 Rating
  • 5 Star 1
  • 4 Star 0
  • 3 Star 0
  • 2 Star 0
  • 1 Star 0
What’s good
  • Centrally Located with Good Connectivity
  • Business Hubs & Offices in Close Proximity
  • Reputed Schools or Hospitals in the Vicinity
  • Plenty of Shopping & Entertainment Options Nearby

Demand in Parel, Mumbai

  • Sale
  • Rent
Property Type
Enquiries
Apartment
99%
BHK
Enquiries
1 BHK
30%
2 BHK
39%
2.5 BHK
1%
3 BHK
21%
4 BHK
6%
Budget
Enquiries
Below 50 L
12%
50 L - 2 Cr.
18%
2 Cr. - 5 Cr.
46%
Above 5 Cr.
22%

Supply in Parel, Mumbai

  • Sale
  • Rent
Property Type
Enquiries
Apartment
98%
BHK
Enquiries
1 BHK
10%
2 BHK
31%
2.5 BHK
0%
3 BHK
46%
4 BHK
7%
Budget
Enquiries
Below 50 L
10%
50 L - 2 Cr.
14%
2 Cr. - 5 Cr.
33%
Above 5 Cr.
42%
Hot Selling Projects in Parel, Mumbai
Tata Glen Eagle in Parel, Mumbai
Tata Glen Eagle Parel, Mumbai
9.14 Cr to 11.40 Cr
Tata Condor Gardens in Parel, Mumbai
Tata Condor Gardens Parel, Mumbai
₹ 32,052 Per Sq. Ft Onwards
Runwal Nirvana in Parel, Mumbai
Runwal Nirvana Parel, Mumbai
₹ 32,515 Per Sq. Ft Onwards
Ruparel Nova in Parel, Mumbai
Ruparel Nova Parel, Mumbai
1.25 Cr to 1.27 Cr
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Top Real Estate Experts in Parel, Mumbai
Ankit Kumar Mumbai, Maharashtra
Ankit Kumar
Mumbai, Maharashtra
  • 5 Years Experience
  • 41 Listings in Parel
  • Speaks: English,Hindi,Marathi
Kapil Baban Kamble Mumbai, Maharashtra
Kapil Baban Kamble
Mumbai, Maharashtra
  • 32 Listings in Parel
  • Speaks: English,Hindi,Marathi
Aparna Gomane Mumbai, Maharashtra
Aparna Gomane
Mumbai, Maharashtra
  • 10 Years Experience
  • 9 Listings in Parel
  • Speaks: English,Hindi,Marathi
Satish Dalvi Mumbai, Maharashtra
Satish Dalvi
Mumbai, Maharashtra
  • 7 Listings in Parel
  • Speaks: English,Hindi,Marathi
S
Sunil Rajaram Palav
Mumbai, Maharashtra
  • 5 Listings in Parel
  • Speaks: English,Hindi,Marathi
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