Is Parel good for healthcare access?

Yes, with several of Mumbai's biggest hospitals nearby.

What about noise and crowds?

Hospitals and traffic keep the streets busy.

Aqua Line (Metro 3) runs underground from Aarey to Cuffe Parade and is fully operational as of October 2025.

How does it compare with Lower Parel?

Parel is slightly cheaper with more hospitals; Lower Parel has more offices and malls.

What is the price per sq ft in Parel on carpet area, not super built-up?

The typical asking price is ₹44,241 per sq ft of carpet area, the median of 6 residential homes on PropMatters. That is above the typical Mumbai locality (₹40,146). Portals often quote built-up area, so their per sq ft figure for the same home is lower.

What budget do I need to buy a home in Parel?

Homes listed on PropMatters in Parel currently range from ₹2.37 crore to ₹5.70 crore. The spread reflects configuration, project stage and floor. The most common listings are 2 BHK and 3 BHK.

Is Parel good for rental income, and what yield can I expect?

A gross 4.75% a year, in the top quarter of Mumbai. Gross means yearly rent over asking price, before maintenance, property tax, vacancy and stamp duty, so the figure you keep is lower. Rent is about ₹175 per sq ft a month (indicative, from a nearby benchmark or a small sample).

Is Parel mostly ready-to-move or under construction?

Of 6 homes listed, 6 are under construction. 6 under construction. Ready homes can be rented out at once; under-construction ones usually cost less per sq ft but carry delivery risk, so check the RERA record.

Is Parel cheaper than the localities around it?

Yes, against Mahalaxmi (₹66,030) and Worli (₹73,450); Parel asks ₹44,241 per sq ft.

How long does the commute from Parel take to Lower Parel and Bandra Kurla Complex?

about 10 minutes to Lower Parel by train and about 35 minutes to Bandra Kurla Complex by road, at a busy hour. Test the route at your own office hours before you commit.

How far is the nearest metro station from homes in Parel?

Homes listed here are typically 1.7 km from a metro station, most often Acharya Atre Chowk Metro Station.

What is the air quality like in Parel?

The air quality index averages 84, satisfactory, a 12-month modelled average rather than a street-level reading.

Parel, Mumbai

A hospital and mill-redevelopment district, with Tata Memorial, KEM and new towers.

See 6 homes

₹44,241
Price per sq ft, carpet area: ₹175
Monthly rent per sq ft, indicative: 4.75%
Gross rental yield, estimated, indicative

Figures updated November 2026.

Locality snapshot

Parel is home to several large hospitals (Tata Memorial, KEM, Wadia, Global), old mill compounds turned into offices, and a growing cluster of premium towers. It is well connected on the Central line.

Suits

Healthcare workers and families needing hospital access
Professionals at Lower Parel
Mid-premium buyers
Investors in redeveloped mill land

Questions about Parel

Parel, Mumbai

Locality snapshot

Suits

Measured from homes listed here

Why live in Parel

What’s great

What’s concerning

What’s around Parel

Travel time from Parel to Mumbai’s main hubs

Price insights for Parel

Where homes ask

Listings by type

Possession

How these figures are worked out

Top projects in Parel

Gbd Evana Heights

Promesa Fremont

Bhoomi Simana

Ruparel Vivanza

Runwal 7 Mahalaxmi

Darshan Aura

Localities in and around Parel

Lower Parel

Dadar East

Byculla

Worli

Sewri

Mahalaxmi

Questions about Parel

Locality snapshot

Suits

Measured from homes listed here

Why live in Parel

What’s great

What’s concerning

What’s around Parel

Travel time from Parel to Mumbai’s main hubs

Price insights for Parel

Where homes ask

Listings by type

Possession

How these figures are worked out

Top projects in Parel

Gbd Evana Heights

Promesa Fremont

Bhoomi Simana

Ruparel Vivanza

Runwal 7 Mahalaxmi

Darshan Aura

Localities in and around Parel

Lower Parel

Dadar East

Byculla

Worli

Sewri

Mahalaxmi

Questions about Parel

Is Parel good for healthcare access?+

What about noise and crowds?+

Is metro close?+

How does it compare with Lower Parel?+

What is the price per sq ft in Parel on carpet area, not super built-up?+

What budget do I need to buy a home in Parel?+

Is Parel good for rental income, and what yield can I expect?+

Is Parel mostly ready-to-move or under construction?+

Is Parel cheaper than the localities around it?+

How long does the commute from Parel take to Lower Parel and Bandra Kurla Complex?+

How far is the nearest metro station from homes in Parel?+

What is the air quality like in Parel?+