any new projects in Parel or nearby locality

Parel has seen an inflow of huge companies in the compounds of the long-gone cotton mills. It has thus become an area where lower middle class and rich live side by side. The world's tallest residential building, World One, is currently under construction. Parel happens to one of the fastest developing neighborhoods in the world.

The land of the cotton mills have been redeveloped into large stand alone housing buildings such as Ashok Towers, Dosti Flamingos, Ashok Gardens, Kingston Towers, Crystal Towersand Kalpataru Habitat, shopping malls like High Street Phoenix and a 5-star hotels like the The Grand Central, Mumbai and the Four Seasons. The locality has seen property price appreciation in excess of 8 times. The monorail project passes through Parel on the eastern side along G D Ambekar Marg.