Property for Sale & Rent in Parel
Once Mumbai's mill district, Parel has transformed into one of the city's most dynamic residential markets. Former textile mill lands now house luxury towers, malls, and corporate offices. The area offers a rare combination of South Mumbai location with modern infrastructure.
85 properties available
Summary
Parel, Mumbai — Mill land transformation, modern luxury. Property Butler tracks 85 active listings here, with asking prices in the 1.5 Cr to 15 Cr range.
For Sale/RentLodha World View
3 BHK Residential
Lower Parel (Kamala Mills), Mumbai
For SaleCrescent Bay Tower 4
3 BHK Residential
Parel, South Mumbai
For SaleCrescent Bay
2 BHK Residential
Parel, Mumbai
For RentRaheja Imperia 1
3 BHK Residential
Worli / Lower Parel West, Mumbai
For Sale/RentCrescent Bay
3 BHK Residential
Parel, Mumbai
For SaleEvana Heights
2 BHK Residential
Parel, Mumbai
For SaleBhoomi Simana
3 BHK Residential
Lalbaug, Parel, Mumbai
For SaleLodha Vista - Lower Parel
4 BHK Residential
Lower Parel
For RentIndiabulls Sky Forest
3 BHK Residential
Lower Parel, Mumbai
For SaleShilp Tower
2 BHK Residential
Lower Parel West
For SaleIson Heights
2 BHK Residential
Lower Parel
For SaleTejukaya Esperanza
2 BHK Residential
Lalbaug, Parel
Browse Properties in Parel
About Parel
Once Mumbai's mill district, Parel has transformed into one of the city's most dynamic residential markets. Former textile mill lands now house luxury towers, malls, and corporate offices. The area offers a rare combination of South Mumbai location with modern infrastructure.
Micro-locations in Parel
Lower Parel
Corporate corridor with premium residential towers
Upper Parel
Emerging luxury zone with new launches
Elphinstone Road area
Near railway station with office access
Connectivity & Infrastructure
- Parel and Elphinstone Road railway stations (Western + Harbour)
- Walking distance to corporate offices and malls
- Coastal Road Phase 1 connectivity
- Proximity to Worli Sea Link
- Metro Line 3 station at Lower Parel
Who Buys in Parel
Corporate professionals · Young couples · Investors in mill-land redevelopment · First-time luxury buyers
Investment Outlook — Parel 2026
Parel's mill land transformation story is still playing out. L&T, Lodha, and Marathon have delivered landmark projects. Remaining mill parcels will create new supply, but location advantage keeps demand strong. Walking-distance to offices makes it the top rent-to-buy conversion market.
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Top Developers in Parel
L&T Realty · Lodha · Marathon · Indiabulls · Piramal
Notable Projects in Parel
Lodha Group
Lodha Venezia
Parel's highest-trust project (94/100). Premium Lodha tower with Worli-end positioning.
Ruparel Realty
Ruparel Ariana
Mid-premium Parel value play. Trust 84/100. Avg asking PSF ~₹31,500.
Omkar Realtors
Omkar Veda
Parel value tier. Trust 82/100. Strong rent-to-yield characteristics.
Ruparel Realty
Ruparel Jewel
Sister project to Ariana with similar positioning. Trust 72/100.
Frequently Asked Questions
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