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Showing 1-15 of 15

Flats Under 5 Crore for sale in Parel, Mumbai

100% Verified Real Estate Properties Mumbai. Find New Real Estate Projects & Best Selling Properties in Parel, Mumbai. 15 Verified Flats/Apartments/Villas Only At HomeBazaar.Com.

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lodha-primo

Lodha Primo

By Lodha Group

locationParel, Mumbai
rupeeicon

3.4 Cr - 4.4 Cr

bhk2,3 BHK
carpet-area732 to 1049 SqFt
under-constReady Possession
material-nature-people-blackLivability    9/10
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investmentInvestment8/10
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lodha-xclusive

Lodha Xclusive

By Lodha Group

locationParel, Mumbai
rupeeicon

3.4 Cr - 4.4 Cr

bhk2,3 BHK
carpet-area732 to 1049 SqFt
under-constReady Possession
material-nature-people-blackLivability    9/10
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investmentInvestment9/10
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bhoomi-simana

Bhoomi Simana

By Bhoomi Group

locationParel, Mumbai
rupeeicon

3.6 Cr - 10.49 Cr

bhk2,2.5,3,4,5 BHK
carpet-area837 to 2103 SqFt
under-constUnder Construction
material-nature-people-blackLivability    4/10
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investmentInvestment4/10
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SPECIAL OFFER
Zero GST | Book Now & Pay On OC* | Offers For Few Inventory*
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lodha-venezia

Lodha Venezia

By Lodha Group

locationParel, Mumbai
rupeeicon

4.2 Cr - 6 Cr

bhk2,3,4 BHK
carpet-area922 to 1587 SqFt
under-constReady Possession
material-nature-people-blackLivability    9/10
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investmentInvestment8/10
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tribeca-nbna

Tribeca NBNA

By Tribeca Developers

locationParel, Mumbai
rupeeicon

3.99 Cr - 7.98 Cr

bhk2,3,4 BHK
carpet-area860 to 1720 SqFt
under-constUnder Construction
material-nature-people-blackLivability    7/10
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investmentInvestment7/10
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SPECIAL OFFER
EOI Window Starts From 31st May* | Avail Special Launch Benefits*
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Runwal Nirvana

By Runwal Group

locationParel, Mumbai
rupeeicon

3.59 Cr - 6.3 Cr

bhk2,3 BHK
carpet-area718 to 1325 SqFt
under-constUnder Construction
material-nature-people-blackLivability    9/10
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investmentInvestment10/10
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SPECIAL OFFER
Exclusive Spot Booking Offers| OC- Received Book Your Home Today*
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No Image Available

Ruparel Ariana

By Ruparel Realty

locationParel, Mumbai
rupeeicon

3.5 Cr - 6 Cr

bhk2,3 BHK
carpet-area770 to 1413 SqFt
under-constReady Possession
material-nature-people-blackLivability    8/10
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investmentInvestment9/10
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L & T Crescent Bay

By L & T Realty

locationParel, Mumbai
rupeeicon

3.25 Cr - 9 Cr

bhk2,3,4 BHK
carpet-area902 to 2800 SqFt
under-constReady Possession
material-nature-people-blackLivability    10/10
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investmentInvestment10/10
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SPECIAL OFFER
Flexipay For First 100 Customers* | Early Buy Discount*
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Ruparel Jewel

By Ruparel Realty

locationParel, Mumbai
rupeeicon

3.25 Cr - 6.25 Cr

bhk2,3 BHK
carpet-area826 to 2297 SqFt
under-constUnder Construction
material-nature-people-blackLivability    8/10
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investmentInvestment7/10
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270° Panoramic Sea & City Views*| 1000 Sq.ft. Sky Decks*
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Ruparel Icon

By Ruparel Realty

locationParel, Mumbai
rupeeicon

2.85 Cr - 5.6 Cr

bhk2,3 BHK
carpet-area826 to 2300 SqFt
under-constUnder Construction
material-nature-people-blackLivability    8/10
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investmentInvestment8/10
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Flexi Payment Options*| Early Buy Benefits*
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Dosti Belleza

By Dosti Realty

locationParel, Mumbai
rupeeicon

2.1 Cr - 2.59 Cr

bhk2,3 BHK
carpet-area843 to 1037 SqFt
under-constReady Possession
material-nature-people-blackLivability    8/10
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investmentInvestment9/10
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Ruparel New Launch

By Ruparel Realty

locationParel, Mumbai
rupeeicon

1.5 Cr

bhk1 BHK
carpet-area410 to 410 SqFt
under-constReady Possession
material-nature-people-blackLivability    9/10
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investmentInvestment9/10
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Ruparel Millennia

By Ruparel Realty

locationParel, Mumbai
rupeeicon

1.45 Cr

bhk1 BHK
carpet-area410 to 410 SqFt
under-constUnder Construction
material-nature-people-blackLivability    8/10
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investmentInvestment9/10
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Special Spot Booking Discounts*| Early Buy Benefits*
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Ruparel Nova

By Ruparel Realty

locationParel, Mumbai
rupeeicon

1.4 Cr

bhk1 BHK
carpet-area368 to 368 SqFt
under-constReady Possession
material-nature-people-blackLivability    8/10
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investmentInvestment8/10
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Maximum Mumbai Parel

By Ruparel Realty

locationParel, Mumbai
rupeeicon

1.36 Cr

bhk1 BHK
carpet-area368 to 368 SqFt
under-constUnder Construction
material-nature-people-blackLivability    7/10
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investmentInvestment8/10
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Discounted Deals

Save 1 Lacs
Lodha New Cuffe Parade
By Lodha Group
Starting 3.9 Cr
Lodha New Cuffe Parade
Save 1 Lacs
Lodha Trump Tower
By Lodha Group
Starting 9.8 Cr
Lodha Trump Tower

About Properties in Parel, Mumbai for Sale

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  • Parel is a luxury locality situated in the elite South Mumbai.
  • It offers some of the most premium housing properties in Mumbai.
  • It is a major commercial district & has some of the most prestigious corporate hubs.
  • This locality has a constant high demand for both residential & commercial spaces.
  • It houses recreational facilities & modern amenities, offering convenience to the locals.
  • It’s popular for excellent social infrastructure & seamless connectivity.
  • The famous Lalbaug Cha Raja Temple is located in Parel.
  • The Pin Code of Parel is 400012.
  • The average price for housing property in Parel is ₹ 43,500 per sq. ft.
  • 1 BHK flat in Parel can be priced between ₹ 1 crore - ₹ 2.10 crore.
  • 2 BHK Flat in Parel can be priced between ₹ 2.9 crore - ₹ 4.80 crore.
  • Pricing for 3 BHK Flats in Parel can range anywhere between ₹ 4.60 crore - ₹ 7.5 crore.
  • Pricing for 4 BHK Flats in Parel can range anywhere between ₹ 7.5 crore - ₹ 12 crore.
  • The exact pricing for an apartment in Parel can vary depending on the property’s location, developer, and amenities.
  • It is one of the best rental localities due to good connectivity, high-end properties, and proximity to workplaces.
  • The average monthly rental value for a property in Parel is ₹ 40,100 - ₹ 3,40,000.
  • The exact rental value will depend on certain factors like the number of rooms, amenities & services offered, and the location of the project.
  • Parel Railway Station & Prabhadevi Railway Station offer vast connectivity to locals.
  • The locality is seamlessly connected to various parts of Mumbai via the railways.
  • Other nearest railway stations to Parel are Dadar Railway Station, Wadala Railway Station, and Cotton Green Railway Station.
  • The Lower Parel Monorail stop is in proximity & connects from Wadala to Jacob Circle.
  • Major roads like Eastern Express Highway & Eastern Freeway boost connectivity.
  • Other key roads, such as Currey Road, Senapati Bapat Marg, Pandurang Budkar Marg, and NM Joshimarg, enhance accessibility.
  • Parel has good road infrastructure, resulting in easy & quick travel time.
  • Public transportation options like Buses, Taxis, & Cabs are easily available.
  • Chhatrapati Shivaji Maharaj International Airport is just 16 km away.
  • Parel houses a plethora of amenities, including hospitals, schools, colleges, and restaurants, catering to the needs of residents.
  • Reputed hospitals like Tata Memorial Hospital, ESI Mahatma Gandhi Memorial Hospital, Global Hospital, K.B. Haji Bachooali Charitable Ophthalmic, etc., are nearby.
  • Popular Schools like K.M.S. Dr. Shirodkar High School, JBCN International School, Kamaladevi Gobindram Tahiliani High School, etc., are within easy reach.
  • Malls like Grand Galleria, Nakshatra Malls, Gandhi Market, Phoenix Palladium, etc., serve the shopping needs of the locals.
  • The State-of-the-Art Piramal Museum is located just 14 minutes away. 
  • Parel is home to some prominent historical landmarks, like former mill areas and the very famous Lalbaugha Raja Temple.
  • Lower Parel, a part of Parel, is well-known as a commercial hub comprising numerous business spaces.
  • Commercial Hubs of Lower Parel are approximately 2 km away.
  • Worli Commercial Hubs are approximately 4 km away.
  • The prominent Kamala Mills Compound is only 3 km away.
  • Bandra Kurla Complex (BKC) is just 29 minutes away via Eastern Express Highway.
  • Parel is surrounded by Industrial Estates such as Mahalaxmi Industrial Estate, Navyug Industrial Estate, and Manoj Industrial Estate.
  • Many commercial spaces like One Lodha Place, Peninsula Business Park, Marathon Futurex, Kamala Trade Link, Ashford Center, DBS Business Center, Empire Business Centre, etc., are in close proximity to the locality.
  • Excellent connectivity of Parel and ease of accessibility via various modes of transport significantly increase the employment opportunities for the locals.
  • The locality’s proximity to key employment zones is one of the major reasons for driving rental demand.
  • Parel enjoys a high-end, comfortable, & luxurious lifestyle.
  • It is known for its premium residential options that offer a widely desirable and pleasant living environment. 
  • Several Recreational Facilities, including Matterden CFC, Funky Monkeys Play Center, Tryst Nightclub, Smaaash, Manoranjan Maidan, etc., are close by for the residents to spend some quality time or simply unwind.
  • Sports & Fitness Centers in and around Parel include Z-Bat Clinic, The Strength Company, Mr Fitness Center, Cult Lower Parel, and The Integral Space.
  • It is in proximity to famous historical landmarks such as the Gateway of India, the Chhatrapati Shivaji Maharaj Terminus (CST), the Taj Mahal Palace Hotel, etc.
  • Parel enjoys a thriving nightlife with fine dining options, clubs, and peaceful locations.
  • Parel is considered one of the safest localities in Mumbai.
  • Majority of the residential areas and commercial buildings have installed surveillance systems and security personnel to ensure safety. 
  • Most public places in the locality are under CCTV surveillance for safety purposes.
  • Police patrolling is conducted frequently, it is heavier especially at night.
  • Newly emerging Terminals at Parel will improve the railway network of the locality.
  • Aqua Metro Line is set to link Parel to Cuffe Parade via Dadar.
  • New developing railway lines between Kurla & Parel stations will benefit the daily commuters.
  • The development of Metro connectivity and road expansions will lead to improved accessibility of the locality. 
  • Residential areas in Parel are evolving with a focus on building more integrated communities offering high-end apartments.
  • All the ongoing developments and infrastructural improvements will lead to boosted property values and make the locality a promising investment destination.
  • Mirabai Temple is one of the most significant religious sites located in Parel.
  • Lalbug Cha Raja Temple located in Parel, is known to have one of the largest Ganpati Visarjan and celebrations in Mumbai.
  • Other religious places in Parel include Swami Samartha Temple, Datta Mandir, Mahalakshmi Temple, Shani Temple, and Holy Family Chapel are nearby.
  • Parel offers a diverse cultural community, where all festivals and traditions are celebrated together among the residents. 
  • Cultural Centers like the Asiatic Society of Mumbai and the Nita Mukesh Ambani Cultural Centre (NMACC), which present and preserve various cultural events, are located nearby.
  • Parel offers a well-maintained, clean, & serene environment with several green spaces in and around the locality.
  • Many gardens & parks in Parel, like Hutatma Rajguru Udyan, Bhivaji Rao Nare Park, Aakaram Gangaram Satam Udyan, Prof. Waman Rao Mahadik Sankalpana Udyan, etc., offer residents a place to peacefully rest or enjoy a relaxing stroll.
  • Residents in Parel follow a peaceful livelihood with a family-friendly neighbourhood.
  • Air quality in Parel is moderate, considering all the ongoing developments and improvements in the locality.
  • Parel offers Flat Configuration of 1 BHK, 2 BHK, 3 BHK, and 4 BHK.
  • The locality primarily has 2 BHK and 3 BHK apartments at premium rates.
  • 2 BHK is the most preferred Flat Configuration by homebuyers in Parel.
  • Villas and Independent Houses are also available in the locality.
  • Some projects offer bare shell units for easy customization and flexibility.
  • Housing Properties in Parel have experienced 4% YOY price growth and 12% price appreciation in the last 3 years.
  • Growing demand for housing properties and improving amenities have led to a consistent price increase in the locality.
  • Influx of working professionals, along with seamless connectivity of Parel, results in a constant increase in the rental value here.

Key Landmarks in Parel

Schools and Colleges

  • JBCN International School
  • N.M Joshi School
  • DSB International School
  • ABA College of Law

Shopping and Entertainment

  • Phoenix Palladium
  • Grand Galleria
  • Nakshatra
  • Nehru Science Centre

Health Care

  • Tata Memorial Hospital
  • Parel Institute of Orthopaedic Specialities
  • Poddar Hospital
  • Reliance Life Sciences

Business and Commercial Hubs

  • Peninsula Business Park
  • One World Centre
  • Lodha Excelus
  • Marathon Icon

Frequently Asked Questions

    Parel is one the prominent localities of South Mumbai. It is equipped with smooth connectivity, best-in-class infrastructure and deluxe recreational facilities. The city offers moderate level to high-end residences, which assures lucrative price appreciation.

    The average price of flats in Parel ranges from ₹ 30, 000 per sq. ft. to ₹ 50, 000 per sq. ft.

    Chhatrapati Shivaji Maharaj International Airport is just 18 Km away from Parel. You can drive there in 40-50 minutes via Eastern Express Highway.

    Parel offers a wide range of residential options, ranging from moderate level apartments to premium residences in a gated community.

    The price of a 4 BHK apartment varies from project to project. The average price of a 4 BHK apartment in Parel ranges from ₹ 6 Crores to ₹ 11 Crores.

    Some of the prominent developers in Parel are Lodha, Raheja Universal, Runwal Group, L and T Realty, Ruparel Realty, Kalpataru Limited, and Peninsula Land.

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