Lower Parel's 5 BHK market is thin — 8 active listings — but consistently demanded. Asking prices run ₹12.79 Cr to ₹40 Cr, with median PSF at ₹68,314. This is a corridor where the former mill lands are now home to some of Mumbai's most ambitious residential towers, and the 5 BHK buyer here is choosing landmark architecture over heritage address.
Lower Parel 5 BHK Market Snapshot — May 2026
- Active listings: 8
- Price range: ₹12.79 Cr – ₹40 Cr
- Median PSF: ₹68,314/sqft
- Carpet range: 2,077–5,500 sqft
- Key projects: Lodha World Crest, Marathon NextGen Era, Raheja Riviere (LP)
Lower Parel vs Worli for a 5 BHK
Lower Parel 5 BHKs carry a 10–15% PSF discount versus comparable Worli units, reflecting Worli's sea-face dominance. But for buyers whose primary driver is floor plate size, modern amenities, and proximity to BKC/office corridors, Lower Parel delivers more usable carpet per crore. The corridor's Coastal Road access — operational since 2024 — has narrowed the connectivity gap with Worli substantially.
| Project | Carpet | Asking | PSF |
|---|---|---|---|
| Lodha World Crest | 3,500–5,500 sqft | ₹28–40 Cr | ₹72,000–₹83,000 |
| Marathon NextGen Era | 2,500–3,800 sqft | ₹18–28 Cr | ₹65,000–₹78,000 |
| Raheja Riviere (LP) | 2,077–3,200 sqft | ₹12.79–18 Cr | ₹52,000–₹65,000 |
Frequently Asked Questions
What is the price for a 5 BHK in Lower Parel in 2026?
Property Butler tracks 8 active 5 BHK listings in Lower Parel asking ₹12.79 Cr to ₹40 Cr, with median PSF at ₹68,314. The lower end covers well-maintained mid-rises; the upper end is Lodha World Crest's premium floors with sea glimpses.
Is Lower Parel a good investment for a 5 BHK?
Lower Parel has delivered consistent appreciation over the last decade as the mill-lands transformation matured. The Coastal Road has added a fresh connectivity premium. For capital appreciation, the corridor still has upside headroom versus Worli — but yield-seekers should note that 5 BHK rental demand at this price point is thin.
Related Reading
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Property Butler has direct relationships with Lodha and Marathon for inventory access ahead of public listings.
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