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Table Of Contents

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    Table Of Contents

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  1. 1. Overview
  2. 2. Price Trends
  3. 3. Public Transport and Road Connectivity
  4. 4. Real Estate Trends
  5. 5. Educational Institutions
  6. 6. Healthcare Facilities
  7. 7. Shopping and Entertainment
  8. 8. Outdoor Activities and Relaxation
  9. 9. Safety and Security
  10. 10. Upcoming Projects
  11. 11. Why Invest Here
  12. 12. Future Outlook
  13. 13. FAQs

Overview

Parel, Mumbai, is a thriving commercial and residential hub with excellent connectivity, world-class healthcare, and a booming business district. Perfect for professionals and families, its rapid transformation makes it a prime destination for modern urban living!

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FeatureInformation
LocationMumbai, Maharashtra, India
Pincode400012
Nearest Railway StationParel Railway Station
Metro ConnectivityUpcoming Metro Line 3 (Colaba-Bandra-SEEPZ)
Municipal CorporationBrihanmumbai Municipal Corporation (BMC)
Police DistrictMumbai City Police
Key RoadsDr. Babasaheb Ambedkar Road, Elphinstone Road
Main Property TypesHigh-rise Apartments, Office Spaces, Redeveloped Mill Lands
Known ForBusiness District, Healthcare Hub, Redeveloped Mill Area

General Property Prices

CategoryPrice (per sqft)/Price Range (per sq. yd.)
Average Property Price₹30,000 - ₹45,000 per sqft
Property Price Range₹25,000 - ₹60,000 per sqft
Apartments (Flats)₹30,000 - ₹50,000 per sqft
Commercial Spaces₹35,000 - ₹70,000 per sqft

Buying Prices (BHK Types)

BHK TypeBuying Price Range
3 BHK₹4 Cr - ₹15 Cr
2 BHK₹2.5 Cr - ₹7 Cr

Rental Prices (BHK Types)

BHKLocationRent/MonthDistance
1 BHKNear Parel Station₹30,000 - ₹50,0000.5 km
2 BHKLower Parel₹60,000 - ₹1,20,0002 km

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Public Transport and Road Connectivity

Parel boasts excellent connectivity, making it a prime residential and commercial hub:

FeatureRating
Connectivity⭐️⭐️⭐️✨ (4.5 / 5)
Environment⭐️⭐️⭐️⭐️ (3.8 / 5)
Lifestyle⭐️⭐️⭐️✨ (4.3 / 5)
Safety⭐️⭐️⭐️⭐️ (4.0 / 5)
  • Mumbai Local Train: Parel and Lower Parel stations on the Central and Western lines respectively.
  • Upcoming Metro: Metro Line 3 will enhance connectivity further.
  • BEST Bus Network: Well-connected by frequent city buses.
  • Major Roadways: Dr. Babasaheb Ambedkar Road and Elphinstone Road provide easy access to other parts of Mumbai.

Parel's real estate market is thriving, driven by its transformation into a business district:

  • High-end Residential Complexes
  • Premium Office Spaces
  • Redevelopment of Mill Lands
  • Growing Demand for Luxury Properties
Property TypePrice RangeRent (₹/month)Furnishing
2BHK Apartment₹2.5 Cr - ₹7 Cr₹60,000 - ₹1,20,000Semi-Furnished
3BHK Apartment₹4 Cr - ₹15 Cr₹1,00,000 - ₹2,50,000Fully Furnished
Commercial Space₹10 Cr - ₹50 Cr₹2,00,000+Shell & Core

With affordable prices and increasing connectivity, Virar West offers promising real estate opportunities.

Educational Institutions

While Parel itself has limited educational institutions, it's well-connected to some of Mumbai's best schools and colleges:

Top Schools:

Schools

Image Source: google.com

SchoolDistanceKey Features
Bombay Scottish School, Mahim4 kmOne of Mumbai's most prestigious schools
Podar International School, Parel1 kmModern facilities and international curriculum

Leading Colleges:

Colleges

Image Source: google.com

CollegeDistanceKey Features
KEM Hospital and Seth G.S. Medical College0.5 kmRenowned medical institution
St. Xavier's College5 kmTop-ranked college for arts and science
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Healthcare Facilities

Parel is known as a healthcare hub, hosting some of Mumbai's best hospitals:

Major Hospitals:

HospitalKey Features
Tata Memorial HospitalIndia's leading cancer research and treatment center
KEM HospitalOne of Mumbai's largest public hospitals
Global HospitalMulti-specialty hospital known for organ transplants

Shopping and Entertainment

Parel offers a mix of traditional markets and modern shopping experiences:

  • High Street Phoenix Mall
  • Palladium Mall

Leading Malls Nearby:

  • PVR Phoenix Mills
  • Smaaash, Lower Parel

Outdoor Activities and Relaxation

Despite being an urban center, Parel offers some green spaces and recreational areas:

PlaceDistanceFeatures
Rani Baug (Veermata Jijabai Bhosale Udyan)2 kmZoo and botanical garden
Worli Seaface4 kmPromenade with sea views
Mahalaxmi Racecourse5 kmGreen space and jogging track

Entertainment & Sports:

  • PVR Phoenix Mills
  • Smaaash, Lower Parel
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Safety and Security

Parel maintains a relatively safe environment:

  • Regular Police Patrols
  • CCTV Surveillance in Commercial Areas
  • Gated Residential Complexes with 24/7 Security

Upcoming Projects

Best Upcoming Projects

🏗️ Project📍 Location🛏️ Configuration💰 Price Range
Raheja Modern VivareaLower Parel3, 4 & 5 BHK Flats₹ 12.52Cr - 21.68Cr
Lokhandwala MinervaParel EastResidential₹ 12.47Cr - 56.32Cr
parel Projects

Image Source: google.com

Why Invest Here

Investing in Parel, Mumbai, offers several advantages:

  • Prime Location – Central Mumbai with excellent connectivity.
  • Business Hub – Home to numerous corporate offices and business centers.
  • Healthcare Center – World-class hospitals and medical facilities.
  • High Rental Yield – Strong demand from working professionals.
  • Luxury Living – High-end residential complexes with modern amenities.

🔗 Explore more properties in Parel, Mumbai

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Future Outlook

Parel's future looks promising with ongoing development and increasing opportunities:

  • Continued Commercial Growth
  • Upcoming Metro Connectivity
  • Rising Demand for Luxury Residences
  • Potential for Further Redevelopment Projects

Parel is set to remain a key player in Mumbai's real estate and business landscape.

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FAQs

Q.Why should I invest in Parel?:- Parel offers a prime location, strong business presence, world-class healthcare, high rental yield, and luxury living options.
Q.What is the average property price in Parel?:- The average property price ranges from ₹30,000 to ₹45,000 per sqft.
Q.What is the typical buying price range for a 2 BHK apartment in Parel?:- ₹2.5 Cr - ₹7 Cr
Q.What is the typical buying price range for a 3 BHK apartment in Parel?:- ₹4 Cr - ₹15 Cr
Q.What are the rental rates like in Parel?:- 1 BHK apartments rent for ₹30,000 - ₹50,000 per month, and 2 BHK apartments rent for ₹60,000 - ₹1,00,000 per month.
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