For rent
Updated 3 hours ago
₹60,000 / month
In line with typical Parel
Central Mumbai · updated 25 October 2026
Property rates in Parel 2026
As of 25 October 2026, flats for sale in Parel have a median asking price of ₹48,100 per sq ft (carpet), from 76 live listings; the middle half ask ₹42,700 – ₹60,100. A 2 BHK rents for a median ₹1.30 Lac a month. Prices were broadly flat over the past year (-0.5%).
Median asking₹48,100/ sq ft · 76 listings
Middle half₹42,700 – ₹60,100/ sq ft
2 BHK rent₹1.30 Lac/ month median
On the market149homes · 10 new projects
The numbers
What are the property rates in Parel?
| Type | Rate |
|---|---|
| Flats for sale — median asking, live (76 listings, 25 October 2026) | ₹48,100 /sq ft |
| Flats for sale — middle half of live listings | ₹42,700 – ₹60,100 /sq ft |
| Apartments — buy, researched range (May 2026) | ₹50,000 – ₹1,00,000 /sq ft |
| 1 BHK — rent | ₹55K – ₹1 Lac /month |
| 2 BHK — rent | ₹1 Lac – ₹2.20 Lac /month |
| 3 BHK — rent | ₹2.20 Lac – ₹4.40 Lac /month |
| 4 BHK — rent | ₹4.40 Lac – ₹8.80 Lac /month |
| Commercial — buy | ₹40,000 – ₹65,000 /sq ft |
| Commercial — lease | ₹130 – ₹290/sqft/mo |
Live figures are the median and middle half of asking prices per sq ft (carpet) of flats listed for sale in Parel on Real Estate Mumbai, recalculated daily. Researched rates are carpet-area, indicative ranges from our tracked transactions and inventory in Parel.
The trend
How Parel prices have moved
Between Oct–Dec 2025 and Jul–Sep 2026, the median asking price of flats listed for sale in Parel stayed broadly flat (-0.5%).
| Listed for sale in | Median ₹/sq ft | Listings |
|---|---|---|
| Oct–Dec 2025 | ₹47,500 | 30 |
| Jan–Mar 2026 | ₹50,200 | 35 |
| Apr–Jun 2026 | ₹47,600 | 168 |
| Jul–Sep 2026 | ₹47,200 | 532 |
Median asking price per sq ft (carpet) of flats added for sale each quarter; shown only when every quarter has at least 30 listings. Asking prices, not registered sale prices. Listing volume grew from 30 to 532 a quarter over this period, so the earlier quarters rest on fewer listings.
Building by building
Building-level rates in Parel
Live median price and rent for the most-listed buildings, with a rent-or-buy signal. Tap a building for the full picture.
| Building | Sale ₹/sq ft | Rent (median) | Yield |
|---|---|---|---|
| L&T Crescent Bay | — | ₹1,75,000 | — |
| Ruparel Ariana | ₹22,619 | ₹1,27,500 | — |
| Omkar Veda | — | ₹1,65,000 | — |
| Lodha Venezia | — | ₹1,85,000 | — |
| Ashok Tower | ₹96,428 | ₹2,90,000 | — |
| Kalpataru Avana | — | ₹7,05,000 | — |
| Runwal Nirvana | — | ₹2,00,000 | — |
| Lodha Primo | — | ₹1,50,000 | — |
| Ruparel Nova | — | ₹65,000 | — |
| Prarthana Heights | — | ₹1,40,000 | — |
| Kalpataru Habitat | — | ₹2,37,500 | — |
| Bhavya Supreme | — | ₹1,25,000 | — |
The market
Parel market overview (May 2026 survey)
Outright residential rates range from ₹31,111 per sqft in entry-level resale complexes (such as Omkar Veda) up to over ₹52,174 per sqft in premium structures (like L&T Crescent Bay). Branded residential projects currently under construction, such as Sobha Inizio by Sobha Ltd, are commanding a premium at ₹62,200 per sqft. Lease rentals are strongly aligned with configuration sizes: compact 2 BHK layouts like Crescent Bay Tower 3 (750 sqft) rent at around ₹1.90 Lac/mo, whereas expansive 3 BHK layouts in developments like L&T Crescent Bay (1840 sqft) command premium rentals of ₹3.25 Lac/mo.
The commercial sector operates under separate market forces, where commercial outright spaces sell at ₹63,624 per sqft in business complexes like Ruparel Jewel and leases command ₹17.50 Lac/mo per month in nodes like Peninsula Centre. Commercial properties in Parel follow distinct business and retail yield dynamics, where commercial spaces trade between ₹40,000 and ₹65,000/sf outright and commercial rents lease at around ₹130 to ₹290/sf per month.
Neighbourhoods
Property rates by neighbourhood in Parel
Live homes to rent and buy in each part of Parel — every neighbourhood page carries its own asking rates.
The neighbourhood
About Parel
Mill-land redevelopment zone with modern luxury towers. Walking distance to Lower Parel's offices.
- Connectivity
- Parel stn (Central line), monorail
- Landmarks
- Lodha World Towers, KEM Hospital
- Best for
- New Developments, Walk-to-Work, Healthcare
On the market
Homes for sale and rent in Parel
Latest to rent
For rent
Updated 3 hours ago
For rent
Updated 4 hours ago
₹3.1 Lac / month
Premium home for Parel
For rent
Updated 5 hours ago
₹85,000 / month
27% below typical 2 BHK in Parel
For rent
Added 5 hours ago
₹1.8 Lac / month
13% below typical 3 BHK in Parel
For rent
Updated 5 hours ago
₹1.8 Lac / month
9% below typical 3 BHK in Parel
For rent
Updated 6 hours ago
₹90,000 / month
10% below typical 2 BHK in Parel
All 73 homes to rent in Parel →
Latest to buy
For sale
Updated 6 hours ago
₹4.5 Cr
₹36,705/sq ft
19% below typical 3 BHK in Parel
For sale
Updated 19 hours ago
₹3.8 Cr
₹44,706/sq ft
8% below typical 2 BHK in Parel
For sale
Updated 19 hours ago
₹4.3 Cr
₹53,750/sq ft
11% above typical 2 BHK in Parel
For sale
Updated yesterday
₹4.5 Cr
₹48,807/sq ft
In line with typical 2 BHK in Parel
For sale
Added yesterday
₹4.5 Cr
₹45,918/sq ft
In line with typical Parel
For sale
Updated yesterday
₹4 Cr
₹38,095/sq ft
16% below typical 3 BHK in Parel
New projects
New projects in Parel
| Project | Builder | Rate | Status |
|---|---|---|---|
| Sattva Sumera | Sattva Group | ₹42,053/sq ft | Under Construction |
| Promesa Fremont | Promesa Realty | ₹38,748/sq ft | Pre-Launch |
| Gundecha KBK Magnum Heights | Gundecha Builders | ₹24,318/sq ft | Under Construction |
| Simana | Bhoomi Group | ₹62,000/sq ft | — |
| Sobha Inizio | Sobha Ltd | ₹53,129/sq ft | Under Construction |
| Pearl Heights | Pattathu Brothers | ₹44,932/sq ft | Ready Possession |
| Bhoomi Simana Tower C | Bhoomi Builders | ₹49,500/sq ft | Under Construction |
| Tribeca The Edge | Tribeca Developer | ₹64,000/sq ft | Under Construction |
Demand
Who is looking in Parel
We have received 315 buyer and tenant enquiries for Parel — 199 looking to buy and 55 to rent. The most-wanted size is 2 BHK & 1 BHK.
Own a home in Parel?
315 buyers and tenants are already looking. List it and we'll match you to genuine demand.
Questions
Parel property rates, answered
What is the price per sq ft of flats in Parel in 2026?
As of 25 October 2026, flats for sale in Parel have a median asking price of ₹48,100 per sq ft (carpet area), from 76 live listings on Real Estate Mumbai; the middle half ask ₹42,700 – ₹60,100 per sq ft. A 2 BHK rents for a median ₹1.30 Lac a month.
What is the property rate in Parel?
Apartments in Parel sell for about ₹50,000 to ₹100,000 per sq ft (carpet) as of May 2026. Real Estate Mumbai has tracked Parel property rates since 1995.
What is the rent for a 2 BHK in Parel?
A 2 BHK flat in Parel typically rents for ₹1 Lac – ₹2.20 Lac per month as of May 2026.
How have property prices in Parel changed in the last year?
Between Oct–Dec 2025 and Jul–Sep 2026, the median asking price of flats listed for sale in Parel stayed broadly flat (-0.5%). Based on the median asking price per sq ft (carpet area) of flats added for sale on Real Estate Mumbai each quarter.
What are commercial property rates in Parel?
Commercial property in Parel has buy rates of ₹40,000–₹65,000 per sq ft and lease at ₹130 – ₹290/sqft/mo as of May 2026.
Live figures 25 October 2026 · researched ranges May 2026 · Parel rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.