1 BHK flats for sale in Parel
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As of 29 Oct 2026, 1 BHK flats for sale in Parel on Real Estate Mumbai ask ₹1.49 Cr to ₹2.61 Cr, with a median of ₹1.73 Cr (about ₹42,100 per sq ft carpet), across 10 live homes.
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Parel 1 BHK flats for sale: what they cost
There are 10 verified 1 BHK flats for sale in Parel on Real Estate Mumbai, updated daily. Typical sale prices by configuration:
| Configuration | Listings | Typical range | Median |
|---|---|---|---|
| 1 BHK | 10 | ₹1.49 Cr – ₹2.62 Cr | ₹1.73 Cr |
| 2 BHK | 45 | ₹3.34 Cr – ₹5.4 Cr | ₹4.15 Cr |
| 3 BHK | 63 | ₹4.75 Cr – ₹11.35 Cr | ₹6 Cr |
| 4 BHK | 17 | ₹9.4 Cr – ₹20 Cr | ₹14 Cr |
| 5 BHK | 9 | ₹11.43 Cr – ₹25.4 Cr | ₹21 Cr |
Ranges show the typical 10th–90th percentile of current listings; median is the mid-point. Outliers excluded. As on 29 Oct 2026.
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About flats for sale in Parel
Parel is an emerging residential micro-market within the broader mill-land redevelopment belt that also includes Lower Parel and Worli. The area is undergoing a significant transformation — heritage textile mills are being converted into premium residential and commercial complexes, bringing luxury housing to a historically working-class neighbourhood with some of Mumbai's best central connectivity.
Elphinstone Road and Parel stations on the Western Railway are within the neighbourhood. The Eastern Freeway on-ramp connects to BKC and Fort within 15 minutes. Key institutions in the area include KEM Hospital — Maharashtra's largest government hospital — the International Institute of Population Sciences, and several engineering colleges that give Parel an academic character alongside its industrial heritage.
New residential developments in Parel are primarily in the premium to ultra-premium range, with most projects offering 2-4 BHK apartments. The area attracts professionals seeking a central address with good connectivity, and investors drawn by the ongoing premium development. Real Estate Mumbai has been tracking the Parel transformation closely since 1995 and offers informed advisory for this evolving market.




