For Sale
Property Rates in Parel (2026)
Central Mumbai · Buy & rent prices per sq ft · researched & updated by our team — May 2026 · live prices 23 October 2026
As of 23 October 2026, flats for sale in Parel have a median asking price of ₹48,200 per sq ft (carpet area), from 373 live listings; the middle half ask ₹42,800 – ₹54,400. A 2 BHK rents for a median ₹1.45 Lac a month. Prices were broadly flat over the past year (-0.5%).
Our researched range (May 2026): Apartments in Parel sell for about ₹50,000 – ₹1,00,000 per sq ft (carpet), and a 2 BHK rents for ₹1 Lac – ₹2.20 Lac per month. Commercial space is around ₹40,000 – ₹65,000 per sq ft, as of May 2026. Real Estate Mumbai has tracked Parel property rates since 1995, with 373 flats for sale, 306 on rent and 10 new projects live now.
What are the property rates in Parel?
| Type | Rate |
|---|---|
| Flats for sale — median asking, live (373 listings, 23 October 2026) | ₹48,200 /sq ft |
| Flats for sale — middle half of live listings | ₹42,800 – ₹54,400 /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 area) of flats currently listed for sale in Parel on Real Estate Mumbai, recalculated daily. Researched rates are carpet-area, indicative ranges based on Real Estate Mumbai's tracked transactions and inventory in Parel.
Price trend in Parel
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 asking ₹/sq ft (carpet) | 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 area) of flats added for sale on Real Estate Mumbai in each quarter. Shown only when every quarter has at least 30 listings. These are 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.
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.
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
Properties for sale & rent in Parel
Latest for sale
View all 373 flats for sale in Parel →
Latest on rent
View all 306 flats on rent in Parel →
Buyer & tenant demand in Parel
Real Estate Mumbai has received 315 buyer & tenant enquiries for Parel — 199 looking to buy and 55 to rent. The most-wanted configuration is 2 BHK & 1 BHK.
Own a property in Parel? 315 buyers & tenants are already looking — list it free and our advisors will match you to genuine demand.
💬 List my Parel propertyBuilding-level rates in Parel
Live median price and rent for the most-listed buildings in Parel — with an indicative rent-vs-buy signal. Tap a building for the full breakdown.
| Building | Sale ₹/sqft | Rent (median) | Yield |
|---|---|---|---|
| L&T Crescent Bay | — | ₹1,72,500 | — |
| Ruparel Ariana | ₹22,619 | ₹1,30,000 | — |
| Omkar Veda | — | ₹1,60,000 | — |
| Lodha Venezia | — | ₹1,87,500 | — |
| Ashok Tower | ₹96,428 | ₹2,90,000 | — |
| Kalpataru Avana | — | ₹7,05,000 | — |
| Runwal Nirvana | — | ₹2,00,000 | — |
| Lodha Primo | — | ₹1,52,500 | — |
| Ruparel Nova | — | ₹65,000 | — |
| Prarthana Heights | — | ₹1,32,500 | — |
| Kalpataru Habitat | — | ₹2,37,500 | — |
| Arihant Tower | — | ₹1,15,000 | — |
New projects in Parel
Sattva Sumera
BuilderSattva Group
Rate₹42,053/sqft
StatusUnder Construction
Promesa Fremont
BuilderPromesa Realty
Rate₹38,748/sqft
StatusPre-Launch
Gundecha KBK Magnum Heights
BuilderGundecha Builders
Rate₹24,318/sqft
StatusUnder Construction
Simana
BuilderBhoomi Group
Rate₹62,000/sqft
Sobha Inizio
BuilderSobha Ltd
Rate₹53,129/sqft
StatusUnder Construction
Pearl Heights
BuilderPattathu Brothers
Rate₹44,932/sqft
StatusReady Possession
Bhoomi Simana Tower C
BuilderBhoomi Builders
Rate₹49,500/sqft
StatusUnder Construction
Tribeca The Edge
BuilderTribeca Developer
Rate₹64,000/sqft
StatusUnder Construction
Parel property rates — FAQs
What is the price per sq ft of flats in Parel in 2026?
As of 23 October 2026, flats for sale in Parel have a median asking price of ₹48,200 per sq ft (carpet area), from 373 live listings on Real Estate Mumbai; the middle half ask ₹42,800 – ₹54,400 per sq ft. A 2 BHK rents for a median ₹1.45 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.
Want an accurate valuation in Parel?
These are indicative area rates. For a specific building or your own property in Parel, our advisors will give you a precise, up-to-date number.
💬 Get a Parel valuation on WhatsAppLive figures 23 October 2026 · researched ranges May 2026 · Parel rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.
