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parel, mumbai

East Mumbai

Pincode- 400012

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About parel

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. 

parel Reviews and Ratings (4 Reviews)

4.1

Food

4.1 out of 5

4

Parks

4 out of 5

4

Roads

4 out of 5

4.5

Safety

4.5 out of 5

4.5

Markets

4.5 out of 5

3.8

Parking

3.8 out of 5

4.4

Schools

4.4 out of 5

3.4

Traffic

3.4 out of 5

4.4

Hospitals

4.4 out of 5

4.4

Transport

4.4 out of 5

4.2

Cleanliness

4.2 out of 5

4.4

Neighborhood

4.4 out of 5

Whats good about parel

  • Prime location with modern amenities
  • Growing social and retail infrastructure
  • Excellent connectivity 
  • Religious significance

What can be improved about parel

  • Traffic congestion
  • Exorbitant property prices
  • Limited green spaces
  • Garbage management
Write a Review

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

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parel Map

parel Infrastructure

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Physical Infrastructure of parel

Parel’s physical infrastructure has remained strong with various transportation networks.

Road Connectivity

The locality is well-connected via major roads and highways, like:

  • Eastern Express Highway
  • Acharya Donde Marg
  • Zakaria Bunder Road
  • Eastern Freeway
  • Shri Atal Bihari Vajpayee Trans Hbr Link

Public Transport

The nearest metro stations and bus stops are:

  • Siddhivinayak Metro Station, 2.5 km
  • Worli Metro Station, 3 km
  • Dadar Metro Station, 3 km
  • Wadia Hospital bus stop
  • Madkebuwa Chowk bus stop

Proximity to Airport and Railway Station

The nearest railway stations and airport are:

  • Lower Parel Railway Station, 2 km
  • Sewri Railway Station, 2.4 km
  • Chhatrapati Shivaji Maharaj International Airport, 17.8 km
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Social and Retail Infrastructure of parel

Parel's social and retail infrastructure is robust and meets the varied demands of the locality’s inhabitants. 

Schools and Colleges in Parel

The area is home to various educational institutions, including: 

  • Podar Institute of Education
  • Parel English High School
  • JCBN International School
  • MD College of Arts, Science and Commerce
  • Mahatma Phule College
  • Mumbai Veterinary College

Hospitals and Medical Facilities in Parel

Parel is well-equipped with top-notch hospitals and medical facilities, like:

  • KEM Hospital 
  • Tata Memorial Hospital
  • Parel Hospital
  • Siddhachal Hospital

Shopping Outlets in Parel

There are many malls around the locality, like: 

  • Utopia City
  • High Street Phoenix
  • Atria The Millenium
  • SDM City
  • Pacific Plaza
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Sub localities of parel

Some of the well-known and popular neighborhoods are:

  1. Parel Village
  2. Parel Tank Road
  3. Ambedkar Nagar
  4. Worli
  5. Prabhadevi
  6. Jerbai Wadia Road
  7. Bhoiwada
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Top Employment Hubs in parel

Some of the top employment hubs in Parel include:

  • Peninsula Business Park, 3.1 km
  • Lower Parel, 3.1 km
  • Kamala Mills, 2.7 km

Nearby Locality Comparison

parel
Overall Locality Rating
4
Road Condition
3.8
Proximity to Schools & Hospitals
4.5
Traffic Congestion
3.6
Property Price Range ₹14,091 - ₹44,584
Growth in Property Prices (3 Yrs) +10,817.60 / +32.04%
Rent Price Range ₹71 - ₹89
Growth in Rent Prices (3 Yrs) +17.78 / +25.00%
Total Properties Available 266 properties available for sale and 56 properties available for rent
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Situated In parel

Top Things to do in parel

Some of the Top Things to do in Parel are:

  • Shopping: Look for exciting treasures and good deals at crowded street markets and neighborhood stores. Alternatively, for a more upmarket shopping experience, go to Phoenix Palladium.
  • Nightlife: Go to Lower Parel to explore Parel's vibrant nightlife by stopping by chic clubs, pubs, and lounges that provide something for everyone. There are various options for a good chill-out session with your friends, including offices and eateries. 
  • Matterden CFC: See a movie in this elegant theater, one of Mumbai's original single-screen theaters. It has existed since 1926!
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Upcoming Events in Mumbai

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Property Price trends in parel

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Real Estate Market Trends and the Rental Demand in parel

The real estate market and commercial Parel property rates have seen remarkable home prices and rental demand hikes due to the area's central position, improved infrastructure, and closeness to business centers, making it a desirable investment choice. The development of Parel into a mixed-use community with contemporary facilities has also increased the value of its real estate. In addition, the presence of healthcare facilities and educational institutions draws professionals and students, adding to the cause of rental increment in the past few years. 

The average monthly rent ranges from Rs. 35,000 to Rs. 75,000, relatively affordable compared to neighbouring premium localities.

Configuration

Average Rental Rate*

1 BHK

Rs. 35,000

2 BHK

Rs. 52,700

3 BHK

Rs. 75,000

*Prices are subjected to change

Why Should One Rent a House in Parel?

  • Luxury lifestyle at premium rental apartments at low upfront cost
  • Close to major workplaces in nearby areas
  • Easy access to modern amenities, like gyms, clubs, cafes, and gardens
  • Close to top hospitals and malls nearby
  • Avoid heavy maintenance and registration costs
Price/Sq.ft:

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Change: -

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price

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Buy

266 Properties Available

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Rent

56 Properties Available

Recent Property Transaction

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47.25K

560.00 Sq.ft

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500.00K

42.75 Sq.ft

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19.00K

220.00 Sq.ft

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5.50L

468.23 Sq.ft

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17.00K

270.00 Sq.ft

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500

502.00 Sq.ft

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23.00K

268.00 Sq.ft

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13.50K

160.00 Sq.ft

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41.00K

405.00 Sq.ft

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10.00K

180.00 Sq.ft

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Properties for Rent in parel

See All
image

1 RK

NOT FURNISHED

location Created with Sketch Beta. Parmanand Wadi,Near Shiv Shankar Mandir, Parel, mumbai

Rent: ₹ 8,000

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1 RK

FULLY FURNISHED

location Created with Sketch Beta. Parmanand Wadi, Near Manohar Decorators, Parel, mumbai

Rent: ₹ 35,000

image

1 RK

FULLY FURNISHED

location Created with Sketch Beta. opposite 6 number, 22, Jijamata Nagar, Kalachowki, Abhyudaya Nagar, Parel, Mumbai, Maharashtra 400033, India, mumbai

Rent: ₹ 25,000

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1 RK

NOT FURNISHED

location Created with Sketch Beta. near M D College, Parel, 2R2V+WWV, Parel Village, Parmanand Wadi, Parel, Mumbai, Maharashtra 400012, India, mumbai

Rent: ₹ 35,000

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2 BHK

SEMI FURNISHED

location Created with Sketch Beta. Matoshree Pride, Parel, Mumbai, mumbai

Rent: ₹ 75,000