Lodha Allura — Ready-to-Move Lower Parel/Worli-Boundary Inventory You Can Walk Into Today
Lodha Allura by Lodha Developers Limited is the rare Lower Parel-Worli boundary project that is fully OC-received, ready to move, and still has live resale + leasing inventory in the ₹5-7 Cr ticket band — a price point that has functionally disappeared from new-launch luxury in the same micromarket. With 120 total units, 2 BHK and 3 BHK configurations on 850-1,092 sqft carpet, and an active mix of sale + rent listings, Lodha Allura is the immediate-occupancy alternative for buyers who would otherwise have to choose between waiting 2-5 years for new launches (Lodha World Towers Phase 2, World View, World One) or accepting older redevelopment inventory. Property Butler tracks two live units in Lodha Allura — a 2 BHK at ₹2.15 Lakh/month rent (893 sqft, 35th floor B Wing, city view) and a 3 BHK at ₹7 Cr sale (1,093 sqft, 26th floor A Wing, fully furnished with white goods, 2 covered parking, currently tenanted).
Lodha Allura — Lower Parel — May 2026
₹5 Cr — ₹7 Cr · Rent ₹2.15 Lakh+
2 BHK · 3 BHK · 850–1,092 sqft carpet · OC received · Ready · 120 units · Lodha
Snapshot — At a Glance
Why Lodha Allura — Buyer + Tenant Honest Case
Lower Parel and Worli have moved decisively into ultra-luxury territory since 2023. New-launch inventory at Birla Niyaara, Lodha World View, Lodha World Towers Phase 2, and Indiabulls Sky Forest now starts at PSFs north of ₹65,000 — putting a 1,000 sqft 2 BHK in the ₹6.5-7 Cr band even at entry. Lodha Allura sits one tier below that. The building has been operational since OC, the society is formed, the lifts and amenities are functioning, and the price reflects a 5+ year vintage rather than a launch premium. For a buyer who wants an immediate Lodha-brand Lower Parel address without paying ultra-luxury launch PSFs, Lodha Allura is the cleanest entry point.
The rental story is equally compelling. The Lower Parel-Worli corridor is the densest concentration of MNC offices and Indian unicorn headquarters in Mumbai — One BKC and BKC are 20 minutes east, Worli/Lower Parel are walking-distance for One Lodha Place and Phoenix Marketcity employees, and BKC corporate tenants increasingly prefer the Lower Parel side over Bandra East for value-per-rupee. A 893 sqft 2 BHK at ₹2.15 Lakh/month is ₹2,408/sqft/month gross — for a fully OC building with Lodha brand build quality, that is a competitive corporate-tenant rent point.
Honest cons: The boundary classification (some listings show Lodha Allura as Worli, others as Lower Parel) reflects the project's edge-position rather than core Worli sea-view — buyers expecting sea views should not consider this their primary option. The 2-3 BHK plate sizes are modest by current ultra-luxury standards (the new launches at Lodha World View are 1,500+ sqft for comparable BHK counts). And society maintenance for a 120-unit building scales differently from larger-amenity Lodha flagships — per-unit CAM is higher than Lodha World Towers's scale-based maintenance economics.
Configurations + Pricing Ladder
| Config | Carpet | Sale Range | Rent Range | Notes |
|---|---|---|---|---|
| 2 BHK (compact) | 850 – 893 sqft | ₹5 – ₹5.25 Cr | ₹2.15 – ₹2.50 Lakh/mo | Entry tier · city view |
| 2 BHK (mid) | 963 sqft | ₹6 Cr | ₹2.50 – ₹2.65 Lakh/mo | Mid floor band |
| 2 BHK (premium) | 1,090 sqft | ₹6.50 Cr | — | Larger 2 BHK plate |
| 3 BHK | 1,092 sqft | ₹5.85 – ₹7 Cr | — | Family compact |
| PB 3 BHK furnished (A-2602) | 1,093 sqft | ₹7 Cr (fully furnished) | Tenant-occupied currently | White goods · 2 covered parking |
The cleanest read on this ladder: a 3 BHK at 1,092 sqft for ₹5.85 Cr is the building's value floor — that prices at ₹53,571/sqft, which is materially below the Lower Parel locality average asking PSF of ₹52,050 (Property Butler's market data) only because Lodha Allura has 5+ years of post-OC vintage. Property Butler's furnished 3 BHK at ₹7 Cr / 1,093 sqft (₹64,043/sqft) reflects the furnishing + parking + tenant-in-place premium — buyers paying that price are buying a yield-ready asset, not a personal-occupancy unit.
Lodha Allura vs Newer Lodha Lower Parel/Worli Stock
| Parameter | Lodha Allura | Lodha World Towers | Lodha Ciel |
|---|---|---|---|
| Status | OC received · Ready | Mixed (some towers ready, some under-construction) | Under-construction |
| Entry Price | ₹5 Cr (2 BHK) | ₹8 Cr+ (3 BHK) | ₹7 Cr+ (2 BHK) |
| Scale | 120 units (boutique) | Multi-tower flagship | Tower-scale |
| Amenity Set | Standard Lodha club + pool | Multi-acre amenity podium | Premium amenity |
| Best for | Immediate occupancy · yield play | Flagship address · lifestyle | New-launch appreciation |
The comparison clarifies positioning: Lodha Allura is the boutique-scale, immediate-occupancy, value-floor option in the Lodha Lower Parel portfolio. World Towers is the flagship address play with multi-acre amenity podium scale. Ciel is the newer-launch appreciation play. A buyer who wants Lodha-brand stamping, immediate move-in, and a sub-₹7 Cr ticket cannot get that combination in any other Lower Parel-Worli Lodha building today.
Lower Parel / Worli Border Location + Connectivity
Distances from Lodha Allura
Lower Parel station: ~0.8-1.5 km depending on entry point
Currey Road station: ~1.5 km
Worli sea-face: ~1.5-2 km
Phoenix Marketcity / High Street Phoenix: ~1 km (walkable)
Kamala Mills Compound: ~1 km
BKC (via Worli Sealink): ~9 km · 18 min off-peak
Nariman Point / Fort: ~7 km · 15-18 min via Coastal Road
Mumbai International Airport: ~14 km · 25-35 min
Hospitals: Wockhardt, Jaslok, Saifee, Tata Memorial within 4-6 km
Coastal Road access (operational both phases): 3-5 min
The boundary-position is the asset, not the liability. Buyers and corporate tenants here get Lower Parel's office-cluster proximity (5-7 minute commute to Kamala Mills, Marathon NextGen, Phoenix Marketcity offices, Indiabulls Centre, One BKC's western competitor zone) while still being inside 10 minutes of the Worli sea-face Coastal Road access points. This is a meaningfully better office-commute geometry than core Worli (which is further from the Lower Parel/Kamala Mills office cluster) and better than Mahalaxmi (which is further south).
Property Butler's Verdict on Lodha Allura
Property Butler — Honest Verdict
Lodha Allura is the right buy for two specific profiles. First: the buyer who wants immediate Lower Parel/Worli boundary occupancy with Lodha brand stamping, can absorb a 2-3 BHK compact plate, and is budget-capped between ₹5-7 Cr. Second: the yield-oriented investor who wants a fully-furnished tenanted asset with corporate-tenant demand depth. Property Butler's furnished 3 BHK at ₹7 Cr (A-2602, 26th floor, 2 covered parking, currently tenanted) is the building's signature yield asset — buyers can underwrite to ₹2.50-2.75 Lakh/month rent post current tenancy.
Negotiate on: Society transfer fees, furnishing schedule (if furnishing is included). Vacant-possession premium if buying for self-occupancy from a currently-tenanted unit.
Pay full ask on: A-tower high-floor 2 BHK or 3 BHK inventory with vacant possession — the supply is tight and corporate-tenant absorption is fast at the right finish level.
Who should skip: Buyers expecting sea-views (Lodha Allura is city/amenity oriented, not sea-front). Anyone wanting multi-acre amenity podium experience (consider Lodha World Towers). Investors with 5+ year horizon optimising for new-launch appreciation curve (consider Lodha Ciel or Lodha World View).
Frequently Asked Questions
Is Lodha Allura OC received?
Yes — Lodha Allura is OC received and ready to move. The society is operational, lifts and amenities are functioning, and resale + rental transactions are happening regularly. Property Butler's listings are vacant-possession or tenanted as marked.
What is the PSF in Lodha Allura?
Sale PSF across active inventory: ₹53,571 (3 BHK at ₹5.85 Cr / 1,092 sqft) to ₹70,588 (compact 2 BHK premium). Property Butler's furnished 3 BHK A-2602 at ₹7 Cr / 1,093 sqft prices at ₹64,043/sqft — premium reflects furnishing, white goods, 2 covered parking, and tenant-in-place yield.
Is Lodha Allura in Worli or Lower Parel?
Lodha Allura is on the Lower Parel / Worli boundary — both pin codes capture the project depending on side. Property Butler tags the project as Lower Parel based on the predominant office-cluster proximity (Phoenix, Kamala Mills, Marathon NextGen, Indiabulls Centre) and the Lower Parel station catchment. Some market listings tag it as Worli. The buyer experience is identical — single-tower 120-unit Lodha-managed building.
What is the rental yield in Lodha Allura?
Active rent: ₹2.15-2.65 Lakh/month for 2 BHK (850-963 sqft). Against ₹5-6 Cr purchase price: gross yield 4.3-5.3% — strong by Mumbai luxury standards, where 2.5-3.5% is the norm. The furnished 3 BHK A-2602 is currently tenanted; the projected yield post-tenancy at expected market rent of ₹2.50-2.75 Lakh/month = 4.3-4.7% on ₹7 Cr purchase. Property Butler can share the actual current rent paid by tenants in the building during buyer consultation.
What home loan banks have approved Lodha Allura?
As an OC-received Lodha project, Lodha Allura is approved across the full standard lender panel — HDFC, ICICI, SBI, Axis, Kotak, BoB, and most NBFC luxury lenders. LTV terms on OC-received are typically more favourable than under-construction (80-85% with quick disbursal). NRI loans available via HDFC NRI, ICICI NRI, and SBI NRI.
What is the society maintenance at Lodha Allura?
Steady-state society maintenance at Lodha Allura runs ₹6-8/sqft/month inclusive of lift, security, club access, common areas, and standard upkeep. On a 893 sqft 2 BHK, expect ₹5,400-7,150/month. On a 1,092 sqft 3 BHK, expect ₹6,550-8,750/month. Property tax, electricity, and water are billed separately to the unit.
What is the stamp duty + registration on Lodha Allura at ₹7 Cr?
Post-April 2026 Maharashtra rates: 6% for male buyers, 5% for female / joint with female. On ₹7 Cr: ₹42 Lakh (male) or ₹35 Lakh (female). Registration 1% capped at ₹30,000. For a furnished + tenanted purchase the buyer should also factor in society transfer fee (typically 2-5% of purchase price for Lodha buildings, capped). Property Butler models the full deal economics during buyer consultation.
See Property Butler's Live Lodha Allura Inventory
Two live units with Property Butler — 3 BHK A-2602 at ₹7 Cr (1,093 sqft, 26th floor, fully furnished with white goods, 2 covered parking, currently tenant-occupied), and 2 BHK at ₹2.15 Lakh/month rent (893 sqft, 35th floor B Wing, city view). Site visits and tenancy-transition discussions arranged on request.
View Lodha Allura Units