Summary
Royal Palaces is a residential building in Lower Parel, Mumbai. Property Butler tracks a median asking price of ₹24,359/sqft, with units in the ₹1.90 Cr – ₹1.90 Cr range across 672–780 sqft configurations. Gross rental yield is around 2.9%. Pricing is based on 51 verified transactions.
Where is Royal Palaces located?
Royal Palaces is in Lower Parel, Mumbai.
What is the price of a flat in Royal Palaces?
Property Butler tracks a median asking price of ₹24,359/sqft for Royal Palaces, with units in the ₹1.90 Cr – ₹1.90 Cr range (672–780 sqft).
What rental yield does Royal Palaces offer?
Royal Palaces offers an approximate gross rental yield of 2.9%, based on Property Butler's tracked rents versus asking prices.
How does Royal Palaces compare to Lower Parel pricing?
Royal Palaces is priced 74% below the Lower Parel top-5 building average of ₹95,271/sqft.
Median PSF (12m)
₹24,359
PSF Range (P10-P90)
₹24,359 – ₹24,359
Price Range (12m)
₹1.90 Cr – ₹1.90 Cr
Avg Rent
₹2.6L/mo
Transactions
3 sales · 48 rents
Unit Size Range
672 – 780 sqft
Gross Rental Yield
2.9%
Annual rent / purchase price
Recent Verified Sales
Property Butler verified sales data. Anonymized — no buyer/seller names.
| Date | Price | PSF | Area | Floor |
|---|---|---|---|---|
| 23 Jul 2025 | ₹1.90 Cr | ₹24,359 | 780 sqft | 8 |
| 18 Mar 2025 | ₹2.20 Cr | ₹32,738 | 672 sqft | 18 |
Recent Rentals
Property Butler verified lease agreements.
| Date | Monthly Rent | Area |
|---|---|---|
| 30 Jan 2025 | ₹40K/mo | 500 sqft |
| 8 Oct 2024 | ₹11.3L/mo | 500 sqft |
| 5 Sept 2024 | ₹50K/mo | 400 sqft |
| 24 Jul 2024 | ₹11.3L/mo | 300 sqft |
| 25 Jun 2024 | ₹40K/mo | 360 sqft |
Methodology: Property Butler Valuation Engine — building-level signals cross-verified across multiple data sources. PSF based on last 12 months with P5-P95 outlier removal per building. Locality benchmark = average of top 5 buildings by PSF. Actual prices vary by floor, view, condition, and negotiation.
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