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) | +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 |
Some of the Top Things to do in Parel are:
Source: allevents.in
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
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Change: -
count
price
266 Properties Available
56 Properties Available
47.25K
560.00 Sq.ft
500.00K
42.75 Sq.ft
19.00K
220.00 Sq.ft
5.50L
468.23 Sq.ft
17.00K
270.00 Sq.ft
500
502.00 Sq.ft
23.00K
268.00 Sq.ft
13.50K
160.00 Sq.ft
41.00K
405.00 Sq.ft
10.00K
180.00 Sq.ft
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1 RK
NOT FURNISHED
Parmanand Wadi,Near Shiv Shankar Mandir, Parel, mumbai
Rent: ₹ 8,000
1 RK
FULLY FURNISHED
Parmanand Wadi, Near Manohar Decorators, Parel, mumbai
Rent: ₹ 35,000
1 RK
FULLY FURNISHED
opposite 6 number, 22, Jijamata Nagar, Kalachowki, Abhyudaya Nagar, Parel, Mumbai, Maharashtra 400033, India, mumbai
Rent: ₹ 25,000
1 RK
NOT FURNISHED
near M D College, Parel, 2R2V+WWV, Parel Village, Parmanand Wadi, Parel, Mumbai, Maharashtra 400012, India, mumbai
Rent: ₹ 35,000
2 BHK
SEMI FURNISHED
Matoshree Pride, Parel, Mumbai, mumbai
Rent: ₹ 75,000
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.