parel, mumbai
East Mumbai
Pincode- 400012
East Mumbai
Pincode- 400012
Parel is a bustling residential area, situated in Mumbai's southern region. It is a sought-after neighborhood adjacent to several well-known areas like Dadar, Wadala, Dharavi, and Lower Parel. The Parel Pin Code is 400012. The area, once well-known for its textile mills, was a significant industrial center during the British colonial period. However, Parel steadily altered due to the loss of the textile sector. Today, it has developed into a mixed-use neighborhood that includes not just homes but also businesses, institutions of higher learning, and healthcare facilities.
I’ve rented my flat before and found steady tenant interest from professionals working in nearby offices. but the real problem is in beating traffic and lack of parking spaces
Parel is a rewarding area with good potential for long term investment. What I don't like now is the overcrowding and lack of open spaces. It feels congested and may impact the value later
The area is very safe and easy to live in. Markets and pharmacies are close by. the rent is a bit higher though
Bus station
Cotton Green Railway Station
Bus station
Elphinstone Station (West)
Train station
Prabhadevi
Parel’s physical infrastructure has remained strong with various transportation networks.
The locality is well-connected via major roads and highways, like:
The nearest metro stations and bus stops are:
The nearest railway stations and airport are:
Parel's social and retail infrastructure is robust and meets the varied demands of the locality’s inhabitants.
The area is home to various educational institutions, including:
Parel is well-equipped with top-notch hospitals and medical facilities, like:
There are many malls around the locality, like:
Some of the well-known and popular neighborhoods are:
Some of the top employment hubs in Parel include:
| parel | ||
| Overall Locality Rating | ||
| Road Condition | ||
| Proximity to Schools & Hospitals | ||
| Traffic Congestion | ||
| Property Price Range | ₹14,091 - ₹44,584 | |
| Growth in Property Prices (3 Yrs) | +15,819.72 / +55.00% | |
| Rent Price Range | ₹69 - ₹89 | |
| Growth in Rent Prices (3 Yrs) | +19.85 / +28.75% | |
| Total Properties Available | 242 properties available for sale and 48 properties available for rent |
Parel, which is in Mumbai's South, is constantly in demand. The Lower Parel region is a significant commercial area with some of the most prestigious corporate houses.
The historical importance of Parel as a center of industry during the British colonial period has made it renowned. It was well-known for its textile mills and crucial to Mumbai's industrial growth. With a mix of residential and business areas available, Parel has developed into a contemporary and energetic neighborhood throughout the years, earning it renown as a famous district in Mumbai.
Residential and commercial complexes from many renowned Mumbai real estate developers can be found in Lower Parel. This will be your finest alternative residentially and commercially if you want to invest in Lower Parel.
Yes, Parel is one of the low-lying areas in Mumbai .
Yes, Lower Parel is a highly upscale place to live with excellent housing options, first-rate retail centers and stores, and a ton of restaurants and bars around.
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It's a safe and well developed area with good transport options. The metro really eases out my commute to work. it also feels very vibrant during festivals.
I’ve rented my flat before and found steady tenant interest from professionals working in nearby offices. but the real problem is in beating traffic and lack of parking spaces
Parel is a rewarding area with good potential for long term investment. What I don't like now is the overcrowding and lack of open spaces. It feels congested and may impact the value later
The area is very safe and easy to live in. Markets and pharmacies are close by. the rent is a bit higher though
It's a safe and well developed area with good transport options. The metro really eases out my commute to work. it also feels very vibrant during festivals.