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Lower Parel is a premium residential locality in South Mumbai, bordering Worli, Prabhadevi, and Mahalaxmi. The pin code of Lower Parel is 400013. This upscale neighbourhood attracts corporate professionals. They live near landmarks like Phoenix Palladium and Kamala Mills. Residents frequently send children to Holy Cross High School and visit Global Hospital for medical needs. Science Museum Metro Station on Aqua Line 3 is the nearest metro station at 2 km. Senapati Bapat Marg links the area, taking 5 minutes to reach Lower Parel Railway Station. The 2026 average property rate ranges from Rs. 35,000 to Rs. 48,000 per sq ft. Premium high-rise apartments dominate the market, driven by corporate office demand.
| Locality | Property Price per sq ft* |
|---|---|
| Lower Parel mumbai | Rs. 35,000 to Rs. 48,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 65,000 to Rs. 85,000 |
| 2 BHK for rent | Rs. 95,000 to Rs. 1,30,000 |
| 3 BHK for rent | Rs. 1,40,000 to Rs. 1,80,000 |
Lower Parel stands as a premier real estate market in South Mumbai. The locality has seen a cumulative property price appreciation of 44.59% over recent years, reflecting strong investor confidence. Buyer prices currently range from Rs. 35,000 to Rs. 48,000 per sq ft, driven by high demand for luxury high-rises. The rental market has also experienced steady growth, with a cumulative rental appreciation of 31.19%. Monthly rentals for residential apartments range between Rs. 65,000 and Rs. 1,80,000. This upward trend is supported by the continuous influx of corporate professionals seeking homes near major commercial hubs. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Phoenix Palladium is a prominent landmark in Lower Parel. Some more include:
Lower Parel is well-connected through Senapati Bapat Marg and the following roads:
Acharya Atre Chowk Metro Station on the Aqua Line 3 is the closest public transit option, located 1.5 km away. Some more include:
The nearest railway station and airport are Lower Parel Railway Station, which is located 0.8 km away, and others:
Lower Parel is well-equipped with numerous top educational institutions, such as Holy Cross High School and Shindewadi Municipal School, along with:
Some reputed healthcare places near Lower Parel include Global Hospital, and others:
You can access Phoenix Palladium and Raghuvanshi Mills easily from Lower Parel mumbai. Some more include:
These localities are located around Lower Parel:
Here are some of the major employment centres near Lower Parel:
The popular landmarks within Lower Parel are:


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