About Parel

 

Located in the southern tip of Mumbai, Parel is a fast-paced and rapidly developing locality, sandwiched between Eastern Freeway and Dr Baba Saheb Ambedkar Road. Its neighbouring localities include Worli, Dadar East, Ghodapdeo, and Prabhadevi. The region is engulfed by the Arabian Sea and a few blotches of green land. It is divided into several housing colonies such as Sindhu Nagar, Tilak Nagar, Krishna Nagar, and Saidham Nagar, and enjoys the presence of the famous Golanji Hill Water Reservoir.

 

Parel has sound social infrastructure with notable schools, colleges, and hospitals scattered around the region. JBCN International School, Sharada Mandir High School and Junior College, Bombay Veterinary College, and Gokhale Education Society Parel Kendra are few educational institutions here. Hospitals in the area include King Edward Memorial Hospital, Bajaj Orthopaedic Hospital, Mahatma Gandhi Memorial Hospital, and KBH Bachooali Eye & ENT Hospital.

Property Rates in Parel, Mumbai

₹ 25,395 per sqft

Avg. selling price

Avg. rent for a 2BHK

-4%

Anticipated YoY appreciation

Parel Location Map