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Lower Parel (E) Flat Price

Q: I have a 1 BHK 385 sq. ft. carpet, 510 sq. ft built up in Lower Parel (E). It is one minute walk from both Lower Parel (E) and Currey Road (W) station. The building is 12 years old. Two-wheeler parking is covered. 24 hour water, Lift, security and cctv. How much can I expect out of this flat?
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Replies (3)
1
Hi all,
Lower Parel is a prime commercial business centre in south Mumbai. It is also called Upper Worli. The property prices in the locality range between Rs 30000 to 33000/sq-ft. Prime location and the Worli Sea Link make Lower Parel one of the most sought-after areas in Mumbai.
Praveen Modi


As far as it connectivity is concerned it has good connectivity with other parts of Mumbai, improved infrastructure adds value to the investments made by the richer section. The Worli Sea Link has not only opened the road for good connectivity between Bandra and Lower Parel Upper Worli but has also brought new opportunities in luxury housing as well. Lower Parel or Upper Worli is an suitable location for rich professionals working in Mumbai. While it has the high class charm of South Mumbai, its location makes it very convenient 20 minutes from Nariman Point, 15 minutes from BKC and 20 minutes from the airport.
Vinay Dixit,  Mumbai
11th November 2014


2
So, it will be 29000 * 510 = 1.47 crore, right? But, i don't get more than 1.25 cr. It maybe because of no space for four wheeler parking. I want at least 1.35 cr on this.
Kishan Ashok Khatanhar


3
Hi Kishan,
Since the current price trend in the locality is between 33000-36000/sq-ft. and your building age is 12 yrs. old so, anywhere around 29000-30000/sq-ft is a good price for resale.
Vinay Dixit


4

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