Lower Parel property market 2026: rates, rents and buildings
As of 11 Nov 2026, flats for sale in Lower Parel ask a median ₹66,667 per sq ft (carpet) and ₹13 Cr overall, across 191 homes for sale. 260 homes are for rent at a median ₹5 lakh a month, in 37 buildings.
Lower Parel market pulse: week ending 8 Nov 2026
In the week ending 8 Nov 2026, brokers offered 116 homes for sale at a median asking price of ₹12.5 Cr (₹61,905 per sq ft carpet) and 115 homes for rent at a median ₹5 lakh a month in Lower Parel. 21 buyer requirements and 41 tenant requirements were circulated for the area. The median asking price per sq ft for sale moved -12.1% against the week ending 11 Oct 2026.
| This week | Homes offered | Median asking | Most ask | ₹/sq ft carpet | Requirements circulated |
|---|---|---|---|---|---|
| 1 BHK for sale | 8 | ₹2.48 Cr | ₹2.11 Cr – ₹3.09 Cr | ₹46,135 | 2 |
| 2 BHK for sale | 21 | ₹5.5 Cr | ₹4.2 Cr – ₹6 Cr | ₹61,765 | 2 |
| 3 BHK for sale | 59 | ₹12.5 Cr | ₹11 Cr – ₹14.03 Cr | ₹59,762 | 5 |
| 4 BHK and larger for sale | 28 | ₹17.75 Cr | ₹16 Cr – ₹23 Cr | ₹72,388 | 4 |
| 1 BHK for rent | 12 | ₹70,000 / month | ₹59,250 – ₹83,500 | ₹149 | 3 |
| 2 BHK for rent | 11 | ₹1.5 lakh / month | ₹1.12 lakh – ₹1.85 lakh | ₹200 | 7 |
| 3 BHK for rent | 59 | ₹5 lakh / month | ₹4 lakh – ₹5.9 lakh | ₹264 | 7 |
| 4 BHK and larger for rent | 31 | ₹7.5 lakh / month | ₹6.62 lakh – ₹8.25 lakh | ₹296 | 3 |
Lower Parel week by week
| Week ending | Homes for sale | Sale ₹/sq ft | Buyer requirements | Homes for rent | Median rent / month | Tenant requirements |
|---|---|---|---|---|---|---|
| 8 Nov 2026 | 116 | ₹61,905 | 21 | 115 | ₹5 lakh | 41 |
| 1 Nov 2026 | 108 | ₹60,201 | 15 | 97 | ₹4.5 lakh | 60 |
| 25 Oct 2026 | 97 | ₹62,732 | 16 | 112 | ₹5 lakh | 61 |
| 18 Oct 2026 | 105 | ₹62,156 | 11 | 128 | ₹4.4 lakh | 59 |
| 11 Oct 2026 | 117 | ₹70,454 | 21 | 119 | ₹4.3 lakh | 58 |
| 4 Oct 2026 | 119 | ₹64,706 | 15 | 101 | ₹5 lakh | 80 |
| 27 Sep 2026 | 75 | ₹60,433 | 7 | 63 | ₹4.5 lakh | 28 |
| 20 Sep 2026 | 77 | ₹61,111 | 10 | 49 | ₹5.25 lakh | 72 |
Counted from the homes and requirements brokers offered across Mumbai in the week, Monday to Sunday; a home offered by several brokers is counted once. Asking prices, not registered sale prices. A price shows only when 5 or more homes back it. Every Mumbai locality this week
Flats for sale in Lower Parel by size
A 3 BHK, the most listed size, asks a median ₹12.75 Cr; most ask between ₹11 Cr and ₹14 Cr. Prices are asking prices on live listings, not registered sale prices.
| Size | Homes | Median price | Most ask | Carpet (sq ft) | ₹/sq ft | Gross yield |
|---|---|---|---|---|---|---|
| 1 BHK for sale | 10 | ₹2.2 Cr | ₹1.99 Cr – ₹2.49 Cr | 448–532 | ₹45,455 | 4.3% |
| 2 BHK for sale | 29 | ₹5.5 Cr | ₹4 Cr – ₹8 Cr | 780–1,180 | ₹57,895 | 3.3% |
| 3 BHK for sale | 85 | ₹12.75 Cr | ₹11 Cr – ₹14 Cr | 1,513–2,200 | ₹66,331 | 4.0% |
| 4 BHK for sale | 43 | ₹16 Cr | ₹14.65 Cr – ₹18 Cr | 2,152–2,630 | ₹69,294 | 5.1% |
| 5+ BHK for sale | 24 | ₹32 Cr | ₹28.25 Cr – ₹45 Cr | 3,417–5,000 | ₹80,014 | 4.4% |
Flats for rent in Lower Parel by size
A 2 BHK rents for a median ₹1.5 lakh a month; most ask between ₹1.2 lakh and ₹1.93 lakh.
| Size | Homes | Median rent / month | Most ask | Carpet (sq ft) | ₹/sq ft / month |
|---|---|---|---|---|---|
| 1 BHK for rent | 17 | ₹78,000 | ₹65,000 – ₹1 lakh | 418–560 | ₹154 |
| 2 BHK for rent | 39 | ₹1.5 lakh | ₹1.2 lakh – ₹1.93 lakh | 678–965 | ₹194 |
| 3 BHK for rent | 103 | ₹4.25 lakh | ₹3.75 lakh – ₹5.5 lakh | 1,600–2,200 | ₹240 |
| 4 BHK for rent | 87 | ₹6.75 lakh | ₹6 lakh – ₹8 lakh | 2,100–2,838 | ₹285 |
| 5+ BHK for rent | 14 | ₹11.75 lakh | ₹7 lakh – ₹16.75 lakh | 3,700–4,672 | ₹276 |
Lower Parel asking prices over 12 months
The median asking price of flats listed for sale in Lower Parel moved from ₹66,667 per sq ft in Dec 2025 to ₹61,757 in Nov 2026 (-7%).
Median asking price per sq ft (carpet) of flats added for sale each month on Real Estate Mumbai.
Buildings in Lower Parel with homes listed
50 for sale · 62 for rent
15 for sale · 23 for rent
13 for sale · 23 for rent
16 for sale · 18 for rent
13 for sale · 17 for rent
15 for sale · 13 for rent
3 for sale · 16 for rent
6 for sale · 11 for rent
11 for sale · 4 for rent
7 for sale · 7 for rent
2 for sale · 10 for rent
4 for sale · 7 for rent
Where to find a 2 BHK in Lower Parel
6 × 2 BHK · median ₹8.5 Cr
5 × 2 BHK · median ₹5.85 Cr
4 × 2 BHK · median ₹4.2 Cr
3 × 2 BHK · median ₹3.75 Cr
2 × 2 BHK · median ₹9 Cr
2 × 2 BHK · median ₹2.62 Cr
Where to find a 3 BHK in Lower Parel
31 × 3 BHK · median ₹12.5 Cr
8 × 3 BHK · median ₹17.88 Cr
8 × 3 BHK · median ₹13.5 Cr
7 × 3 BHK · median ₹13.5 Cr
5 × 3 BHK · median ₹6.6 Cr
5 × 3 BHK · median ₹12.5 Cr
Where to find a 4 BHK in Lower Parel
7 × 4 BHK · median ₹16.7 Cr
6 × 4 BHK · median ₹17.75 Cr
6 × 4 BHK · median ₹16 Cr
5 × 4 BHK · median ₹15 Cr
4 × 4 BHK · median ₹17 Cr
4 × 4 BHK · median ₹23 Cr
Where to find a 5+ BHK in Lower Parel
6 × 5+ BHK · median ₹35 Cr
6 × 5+ BHK · median ₹20.5 Cr
4 × 5+ BHK · median ₹45 Cr
4 × 5+ BHK · median ₹30 Cr
2 × 5+ BHK · median ₹49 Cr
1 × 5+ BHK · median ₹11 Cr
Parts of Lower Parel
Nearby market pages
More on Lower Parel
Lower Parel property news
- Property-market growth in Andheri East and Lower Parel 25 Apr 2026
- Lower Parel emerges as a hotspot with strong developer interest 23 Apr 2026
- Zaheer Khan and Sagarika Ghatge buy a Mumbai apartment for ₹11 crore 20 Feb 2025
Lower Parel questions and answers
What is the property rate in Lower Parel today?
The median asking price for a flat for sale in Lower Parel is about ₹66,667 per sq ft of carpet area, based on 191 homes for sale listed on Real Estate Mumbai (as on 11 Nov 2026).
How much does a 3 BHK flat cost in Lower Parel?
Most 3 BHK flats for sale in Lower Parel are asking between ₹11 Cr and ₹14 Cr; the median is ₹12.75 Cr across 85 listings.
What is the rent for a 2 BHK in Lower Parel?
Most 2 BHK flats for rent in Lower Parel ask between ₹1.2 lakh and ₹1.93 lakh a month; the median is ₹1.5 lakh a month across 39 listings.
What rental yield do flats in Lower Parel give?
A 3 BHK in Lower Parel earns a gross rental yield of about 4.0% a year: median rent ₹4.25 lakh a month against a median asking price of ₹12.75 Cr.
Which parts of Lower Parel have the most homes listed?
By live listings on Real Estate Mumbai: Senapati Bapat Marg (119), Sitaram Jadhav Marg (34), Mahadev Palav Marg (34).
How many flats are for sale and for rent in Lower Parel right now?
Real Estate Mumbai lists 191 flats for sale (median asking price ₹13 Cr) and 260 flats for rent (median ₹5 lakh a month) in Lower Parel, across 37 buildings, as on 11 Nov 2026.
Which buildings in Lower Parel have the most homes listed?
IndiaBulls Sky Forest (112), Lodha World One (38), Lodha World View (36), One Avighna Park (34), Lodha World Crest (30) — homes for sale and rent combined, live on Real Estate Mumbai.
How have Lower Parel asking prices moved this year?
The median asking price of flats listed for sale in Lower Parel was about ₹66,667 per sq ft in Dec 2025 and ₹61,757 in Nov 2026, a change of -7%. These are asking prices on listings, not registered sale prices.
Is it better to buy or rent in Lower Parel?
At a gross yield of about 4.0% for a 3 BHK, a year of rent costs roughly 4.0% of the asking price. Buying suits a long stay or an investor seeking appreciation; renting keeps capital free. Our team can work through both for your budget.
Where is Lower Parel in Mumbai?
Lower Parel is in central Mumbai, with Worli to the west, Parel to the east and Mahalaxmi to the south. Many of its former textile mill compounds have been rebuilt as residential towers, offices and malls.
How is Lower Parel connected to the rest of Mumbai?
Lower Parel station is on the Western Railway suburban line and Prabhadevi station is nearby; Senapati Bapat Marg and Ganpatrao Kadam Marg run through it, and the Sea Link and Coastal Road are reached through Worli.
How many homes were offered in Lower Parel this week?
In the week ending 8 Nov 2026, brokers offered 116 homes for sale at a median asking price of ₹12.5 Cr (₹61,905 per sq ft carpet) and 115 homes for rent at a median ₹5 lakh a month in Lower Parel. 21 buyer requirements and 41 tenant requirements were circulated for the area.
Figures come from homes live on Real Estate Mumbai on 11 Nov 2026, refreshed every few hours. Asking prices, not registered transactions. Real Estate Mumbai has advised on Mumbai homes since 1995.