132 Flats for Sale in Lower Parel 
24 Flats for Rent in Lower Parel State: Maharashtra
District: mumbai
Total Area: 0.37 km²
Population: 124100
Population Density: 41809
Lower Parel is a neighborhood located in South Mumbai, India. The Lower Parel pin code is 400013. It is closely connected to popular localities like Worli, Elphinstone Road, and Dadar. Its strategic location offers residents and visitors easy access to both the commercial hub of South Mumbai and the suburban areas.
Lower Parel's history is a tale of transformation. Lower Parel was formerly a distinct island, one of Bombay's Seven Islands. Once, it was an industrial district housing textile mills. But now, it has evolved into a thriving commercial and residential hub. The locality has seen a significant shift in the late 20th century when the mills shut down. This paved the way for modern skyscrapers, high-end malls, and commercial complexes.
Lower Parel Mumbai is considered to be holding many working professionals, families, and youths who aspire to be an artist and change the world. The lifestyle combines a lavish environment with the busy feeling that Mumbai is known for. You would be able to find fancy restaurants for dinner, cafes for brunch, and shopping malls. The area also has a lot of art and culture, with art galleries, theaters, and events happening. People can enjoy looking at art or trying different kinds of food worldwide.
Lower Parel in Mumbai enjoys a robust physical infrastructure with several key developments. It is well connected to the rest of the city through the Tulsi Pipe Road, NM Joshi Marg, the Mumbai Monorail, and the Western Suburban Railway Line. The upcoming Lower Parel Metro Station on Line 3 (Colaba - Bandra - SEEPZ) will further offer convenient accessibility throughout the city.
The locality benefits from flyovers and underpasses that aid smooth traffic flow. Essential amenities like banks, police stations, and fire stations are strategically positioned to ensure safety and convenience for residents and businesses. You can take the help of the Lower Parel map to navigate the places. Furthermore, this well-planned Lower Parel infrastructure underscores its commitment to modern urban living. This caters to immediate needs and future growth.
Lower Parel offers a wide range of social and retail infrastructure with a plethora of offerings. Some of the famous schools and colleges in Lower Parel include DSB International School, Ganpatrao Kadam Marg BMC School, and Lycée Français International de Mumbai (LFIM). Residents can enjoy renowned healthcare facilities in various hospitals, including Anand Niketan and Siddhachal Hospital, ensuring quality medical care.
The retail landscape is adorned with prominent malls like Phoenix Palladium, Courtyard, and Phoenix Mills, offering an array of shopping, dining, and entertainment options. These landmarks and educational and medical institutions underscore Lower Parel's commitment to providing a holistic urban experience for its residents and visitors.
Lower Parel has seen a negative trend in the real estate market. The Lower Parel property rates have decreased steadily in the last few quarters. The price of properties in Lower Parel ranges from ₹1,111 - ₹77,926 per sqft, and the average price in Lower Parel is ₹38,314 per sqft, with an average decrease of 1.01%.
In terms of rental demand, there are over 328+ rental properties available in Lower Parel. The rental rates range from ₹15,000 to ₹4 Lac with an average rate of ₹1 Lac, having an increasing rate of 35.3%. The demand for properties in Lower Parel is high due to its proximity to major commercial hubs, good social infrastructure, and availability of premium properties.
Lower Parel stands as a bustling employment hub, hosting a range of prominent workplaces that attract professionals from various sectors. The locality's strategic location and improved infrastructure make it an ideal choice for employers and employees. Some other noteworthy employment hubs near Lower Parel include:
Lower Parel Mumbai radiates its vibrancy to neighboring sub-localities, each offering a unique flavor of urban living. Several sought-after areas include:
Lower Parel offers many activities to indulge in, catering to diverse interests. Some top landmarks and things to do in Lower Parel include:
Lower Parel presents various options, from high-end retail therapy at Phoenix Palladium, Courtyard, and Phoenix Mills to vibrant shopping experiences in nearby markets.
The area comes alive after dusk, with chic bars, clubs, and lounges dotting the landscape, providing a vibrant nightlife experience. You can visit Lord of the Drinks Worli for a superb experience.
Embark on a culinary journey with local street food, fine dining restaurants, and cosy cafes that offer a myriad of flavors reflecting Mumbai's eclectic palate. You can visit The Bombay Canteen, Jai Hind Lunch Home and Farzi Cafe.
Explore galleries like the Tulika Arts Gallery and Colaba art gallery.
Enjoy at SMAAASH UTOPIA CITY with your children and friends.
Seek spiritual solace at renowned places like Selah Church and Hanuman Mandir.
These are some of the popular landmarks in Lower Parel.
Lower Parel shines as a vibrant nucleus within the bustling city of Mumbai. The locality's strategic location offers seamless connectivity to various employment hubs, educational institutions, and cultural landmarks. Its dynamic evolution from an industrial district to a thriving commercial and residential hub showcases its adaptability and modernity.
Here are some of the things that make Lower Parel a great place to live or visit:
However, there are also some challenges that Lower Parel faces:
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