Emerald Villas

Parsi Colony is a quiet residential enclave in South-Central Mumbai bordered by Dadar East, Matunga, and Wadala. The pin code of Parsi Colony is 400014. This heritage neighbourhood houses a large Zoroastrian community and features the famous Five Gardens and Mancherji Joshi Monument. Families here access J.B. Vachha High School and nearby Wadia Childrens Hospital for daily needs. Dadar Metro Station on the Aqua Line 3 is the nearest metro station located 1.5 km away. Residents use Dr. Ambedkar Road to reach Dadar Railway Station in less than 5 minutes. The 2026 average property rate ranges from Rs. 45,000 to Rs. 65,000 per sq ft, dominated by low-rise apartments, driven by the peaceful green cover.

What's Good in Parsi Colony

• Five Gardens offers vast open green spaces for morning walks and recreation.
• Dr. Ambedkar Road provides quick vehicular access to commercial hubs in Lower Parel.
• J.B. Vachha High School is located centrally, making school travel very easy.
• Dadar Railway Station is just 1.2 km away, simplifying local train travel.
• Wadia Childrens Hospital is located nearby, providing reliable emergency medical care.

Why Should One Buy Property in Parsi Colony mumbai

• Capital appreciation is supported by the upcoming Mumbai Coastal Road Phase 2.
• Low-rise heritage apartments in Dadar East command premium resale values over time.
• High rental demand from professionals working in Peninsula Corporate Park ensures steady yields.
• Limited land supply in Matunga keeps property prices resilient against market downturns.
• The Shivaji Park Redevelopment project is driving overall aesthetic value in the micro-market.

Why Should One Rent a House in Parsi Colony mumbai

• Tenants enjoy quick travel to work via the nearby Dadar Railway Station.
• Families get immediate access to top schools like Don Bosco High School.
• Daily shopping is highly convenient with Star Mall located just minutes away.
• The quiet lanes near Five Gardens offer a peaceful environment for families.
• Close proximity to KEM Hospital provides peace of mind for medical emergencies.

Property values in Parsi Colony have shown steady growth over the past year. The area recorded a capital appreciation of approximately 4% due to its peaceful residential environment. Average buyer rates now range between Rs. 45,000 and Rs. 65,000 per sq ft. The rental market remains highly active with monthly rents ranging from Rs. 55,000 to Rs. 1,60,000 depending on the building age. Demand is driven by families seeking low-density housing options in South-Central Mumbai. This trend is expected to continue as redevelopment projects progress. (* As of August 22, 2026)

• Five Gardens: This is a collection of five circular interconnected parks designed by Mancherji Joshi. It is a popular spot for evening strolls, jogging, and community gatherings. Visitors can enjoy the lush green lawns and sit under the shade of old banyan trees.
• Dadar Parsi Gymkhana: This historic sports club offers facilities for cricket, tennis, and card games. It serves as a central social hub for the local Parsi community. Visitors can watch local matches or attend community events hosted on the grounds.
• Rustom Framna Agiary: This is a beautiful Zoroastrian fire temple featuring traditional Persian architecture. It serves as a sacred place of worship for the local community. The surrounding area offers a peaceful atmosphere for quiet reflection.
• Mancherji Joshi Monument: This monument honors the founder of the Dadar Parsi Colony. It stands as a historical tribute to the urban planning of this unique garden suburb. Visitors often stop by to read the plaque and appreciate the local history.
• Dadar Parsi Colony Library: This local institution houses a rare collection of books on Zoroastrian history and literature. It provides a quiet reading space for students and researchers. Visitors can explore historical archives and community records.

Five Gardens is a prominent landmark in Parsi Colony. Some more include:

• Dadar Parsi Gymkhana
• Rustom Framna Agiary
• Mancherji Joshi Monument
• Dadar Parsi Colony Library
• Karani Agiary
• Dr. Ambedkar Road Flyover

Road Connectivity

Parsi Colony is well-connected through Dr. Ambedkar Road and the following roads:

• Lady Jehangir Road
• Mancherji Joshi Road
• Tilak Road
• Dadar TT Flyover
• R.A. Kidwai Road

Public Transport

Dadar Metro Station on the Aqua Line 3 is the closest public transit option, located 1.5 km away. Some more include:

• Wadala Bridge Monorail Station, Mumbai Monorail, 1.8 km
• Naigaon Monorail Station, Mumbai Monorail, 1.4 km
• Dadar TT Circle Bus Stop
• Five Gardens Bus Stop
• Parsi Colony Bus Stop

Proximity to Airport and Railway Station

The nearest railway station and airport are Dadar Railway Station, which is located 1.2 km away, and others:

• Matunga Railway Station, 1.5 km
• Wadala Road Railway Station, 1.9 km
• Chhatrapati Shivaji Maharaj International Airport, 11.5 km