21 Flats for Sale in Lal Baug 
4 Flats for Rent in Lal Baug State: Maharashtra
District: mumbai
Total Area: 0.15 km²
Population: 1,00,000
Population Density: 10,00,000
Lalbaug is located in the Central suburbs of Mumbai and is a sub-locality of Parel in the metropolitan city. Lalbaug houses multiple high-rise, old low-rise, and different residential projects, making this locality an up-market neighborhood. The Lalbaug Parel pin code is 400012, and this locality is situated close to Lower Parel, Naigaon, Dadar East, Parel, Prabhadevi, and Chinchpokli.
Lalbaug, Parel originally belonged to one of the seven islands that marked the existence of Mumbai city. The locality was termed Lalbaug in the 14th century with respect to a Saint whose name was Lal Shah Sahib. His dargah was located close to his brother Chand Shah Sahibs Dargah in Tawaripada. The locality was one of Mumbai's most famous industrial areas and is well known for its mills that existed in the 1870s. However, following the Great Bombay Textile Strike for 18 months that took place in the year 1982, the textile mills of this locality gradually started to shut down, which changed the major employment source of this locality. Lalbaug is also known for housing one of the oldest theatres, "Hanuman Theatre," where various folk dances and plays were conducted and served as a source of entertainment to its nearby locals and mill workers.
Lalbaug is majorly occupied by the Maharashtrians and is well known for its Lalbaug cha raja Ganpati Pandal and the festivities that take place during the Ganpati festival. Initiated by Lokmanya Tilak, the Ganpati festival is celebrated by the people of Lalbaug with full flair and enthusiasm. People from different parts of Mumbai visit this locality to participate in prayers and Navsacha Ganpati celebrations.
Lalbaug Parel map shows that the area has excellent connectivity with other parts of Mumbai city, especially South Mumbai, Navi Mumbai, Thane, Western and Central suburbs. These areas are well connected to Lalbaug via the NM Joshi Marg and Eastern Express Highway. The Eastern Freeway connects this locality to Navi Mumbai, while the Bandra Worli Sea Link offers connectivity to the Western suburbs of Mumbai. Lalbaug, Parel is also well-connected to major business hubs such as BKC, Worli, and Lower Parel. The Dr. Ambedkar Road further connects the locality to Northern Mumbai, offering travel flexibility.
The nearby railway stations to Lalbaug are Prabhadevi, Chinchpokli, Currey Road, and Cotton Green Harbor Line. Additionally, the Lower Parel and Mint Colony are the monorail stations near Lalbaug that offer connectivity to various stations on the Harbor Line and Chembur. The International airport is also just 15 km away from Lalbaug. The upcoming projects near this locality are SWEC (Sewri-Worli Elevated Corridor), Trans- Harbor Sea Link, and the Mumbai Eastern Waterfront project.
Talking about the social front of Lalbaug infrastructure, it is a locality that houses multiple schools and colleges nearby, such as the KMS English Medium School, JBCN International School, and St. Paul's Convent High School. Some of the renowned colleges in this area are RA Podar College and Welingkar Institute of Management.
Besides educational institutes, Lalbaug also has some top malls in its vicinity, such as the Atria, Palladium, and High Street Phoenix Mall, within a radius of 5 Km. The locality also has some recreational places, which include SMAAASH, Worli Sports Club, and Dadar Parsee Colony Gymkhana, to let the locals indulge in sports and other recreational activities. Also, it has some reputed hospitals nearby, such as the Bai Jerbai Wadia Hospital, Gandhi Hospital, KEM Hospital, Tata Memorial Hospital, and Global Hospital, to cater to the medical needs of the residents of Lalbaug.
The Lalbaug Parel property prices have witnessed a 6.96% hike in the past year and are prone to hike more in the upcoming days. Purchasing a property in this locality may cost you between INR 18,765 and INR 59,090 per sq. ft., with an average pricing of INR 34,197.
Talking about the rental demand of this locality it has gone up over the past few years. The expected Lalbaug Parel property rates listed for rent range between INR 20,000 and INR 2,00,000. On average, the rental price of properties in Lalbaug may revolve around INR 1 lakh.
Lalbaug, Parel, besides being a vibrant cultural center, also offers its residents easy access to employment hubs nearby owing to its strategic location near such hubs. Hence, this locality stands high in attracting people who wish to search for a residence near their office premises. This locality is one of the best places to reside if you seek career opportunities in some top companies. Here we list down the top employment hubs near Lalbaug, Parel:
Lalbaug is a captivating locality in Mumbai that has several sub-localities in its vicinity that speak urban expanse. The sub-localities in and nearby Lalbaug have their own distinct identity and contribute to the culture and diversity of this arena. Here are a few sub-localities in and near Lalbaug:
Lalbaug, Mumbai offers a complete blend of modern and traditional vibes for people who wish for an urban life in Mumbai. The locality has unceasing energy and is one of the most sought-after areas to seek a living. Besides offering a comfortable lifestyle to its residents accommodating all the basic amenities in its close surroundings, Lalbaug provides a metropolitan experience and connectivity to its neighboring localities. Lalbaug stands out as an urban residential enclave that enriches a close-knit community with some distinguished landmarks and other places of cultural and religious importance.
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