Parel property market 2026: rates, rents and buildings
As of 11 Nov 2026, flats for sale in Parel ask a median ₹49,123 per sq ft (carpet) and ₹5.41 Cr overall, across 140 homes for sale. 138 homes are for rent at a median ₹1.7 lakh a month, in 48 buildings.
Parel market pulse: week ending 8 Nov 2026
In the week ending 8 Nov 2026, brokers offered 73 homes for sale at a median asking price of ₹4.99 Cr (₹47,236 per sq ft carpet) and 93 homes for rent at a median ₹1.75 lakh a month in Parel. 19 buyer requirements and 7 tenant requirements were circulated for the area. The median asking price per sq ft for sale moved -1.9% against the week ending 11 Oct 2026.
| This week | Homes offered | Median asking | Most ask | ₹/sq ft carpet | Requirements circulated |
|---|---|---|---|---|---|
| 2 BHK for sale | 27 | ₹4 Cr | ₹3.83 Cr – ₹4.5 Cr | ₹48,939 | 3 |
| 3 BHK for sale | 31 | ₹5 Cr | ₹4.75 Cr – ₹6.5 Cr | ₹43,182 | 3 |
| 4 BHK and larger for sale | 12 | ₹18.75 Cr | ₹14.81 Cr – ₹21 Cr | ₹64,272 | 3 |
| 2 BHK for rent | 44 | ₹1.5 lakh / month | ₹1.25 lakh – ₹1.71 lakh | ₹170 | 3 |
| 3 BHK for rent | 33 | ₹2.1 lakh / month | ₹1.8 lakh – ₹2.75 lakh | ₹159 | – |
| 4 BHK and larger for rent | 6 | ₹6.5 lakh / month | ₹4.88 lakh – ₹7.19 lakh | ₹265 | – |
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 | 73 | ₹47,236 | 19 | 93 | ₹1.75 lakh | 7 |
| 1 Nov 2026 | 135 | ₹48,155 | 13 | 93 | ₹1.8 lakh | 20 |
| 25 Oct 2026 | 109 | ₹47,561 | 12 | 95 | ₹1.8 lakh | 26 |
| 18 Oct 2026 | 108 | ₹48,112 | 13 | 106 | ₹1.82 lakh | 27 |
| 11 Oct 2026 | 103 | ₹48,148 | 18 | 122 | ₹1.75 lakh | 25 |
| 4 Oct 2026 | 106 | ₹50,000 | 14 | 96 | ₹1.7 lakh | 27 |
| 27 Sep 2026 | 49 | ₹47,236 | 6 | 56 | ₹1.77 lakh | 19 |
| 20 Sep 2026 | 47 | ₹50,000 | 5 | 42 | ₹2.17 lakh | 39 |
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 Parel by size
A 3 BHK, the most listed size, asks a median ₹6.2 Cr; most ask between ₹5.2 Cr and ₹7 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 | ₹1.73 Cr | ₹1.55 Cr – ₹2.41 Cr | 392–538 | ₹42,096 | 5.1% |
| 2 BHK for sale | 46 | ₹4 Cr | ₹3.5 Cr – ₹4.5 Cr | 770–950 | ₹48,807 | 4.2% |
| 3 BHK for sale | 59 | ₹6.2 Cr | ₹5.2 Cr – ₹7 Cr | 1,142–1,470 | ₹47,273 | 3.9% |
| 4 BHK for sale | 15 | ₹14 Cr | ₹11.62 Cr – ₹15.25 Cr | 1,995–2,675 | ₹54,412 | 4.3% |
| 5+ BHK for sale | 10 | ₹20.75 Cr | ₹14 Cr – ₹23.25 Cr | 2,256–2,686 | ₹73,175 | 3.2% |
Flats for rent in Parel by size
A 2 BHK rents for a median ₹1.4 lakh a month; most ask between ₹1.2 lakh and ₹1.74 lakh.
| Size | Homes | Median rent / month | Most ask | Carpet (sq ft) | ₹/sq ft / month |
|---|---|---|---|---|---|
| 1 BHK for rent | 8 | ₹74,000 | ₹60,000 – ₹85,000 | 395–628 | ₹148 |
| 2 BHK for rent | 62 | ₹1.4 lakh | ₹1.2 lakh – ₹1.74 lakh | 800–996 | ₹163 |
| 3 BHK for rent | 54 | ₹2 lakh | ₹1.7 lakh – ₹2.7 lakh | 1,150–1,492 | ₹155 |
| 4 BHK for rent | 9 | ₹5 lakh | ₹4.5 lakh – ₹7.1 lakh | 2,460–2,850 | ₹179 |
| 5+ BHK for rent | 5 | ₹5.5 lakh | ₹5.5 lakh – ₹7 lakh | 2,420–2,550 | ₹260 |
Parel asking prices over 12 months
The median asking price of flats listed for sale in Parel moved from ₹49,153 per sq ft in Jan 2026 to ₹40,783 in Nov 2026 (-17%).
Median asking price per sq ft (carpet) of flats added for sale each month on Real Estate Mumbai.
Buildings in Parel with homes listed
26 for sale · 28 for rent
11 for sale · 15 for rent
6 for sale · 14 for rent
9 for sale · 7 for rent
9 for sale · 7 for rent
8 for sale · 7 for rent
7 for sale · 5 for rent
5 for sale · 6 for rent
5 for sale · 3 for rent
5 for sale · 3 for rent
2 for sale · 4 for rent
2 for sale · 4 for rent
Where to find a 2 BHK in Parel
9 × 2 BHK · median ₹4.25 Cr
5 × 2 BHK · median ₹3.3 Cr
3 × 2 BHK · median ₹4 Cr
3 × 2 BHK · median ₹3.25 Cr
3 × 2 BHK · median ₹7.25 Cr
3 × 2 BHK · median ₹3.6 Cr
Where to find a 3 BHK in Parel
13 × 3 BHK · median ₹6.6 Cr
6 × 3 BHK · median ₹4.72 Cr
4 × 3 BHK · median ₹5.75 Cr
4 × 3 BHK · median ₹6.5 Cr
4 × 3 BHK · median ₹12 Cr
3 × 3 BHK · median ₹4.75 Cr
Parts of Parel
Nearby market pages
More on Parel
Parel property news
- Fashion Brands Drive Mumbai Retail Leasing in H1 2026 30 Jul 2026
- 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
Parel questions and answers
What is the property rate in Parel today?
The median asking price for a flat for sale in Parel is about ₹49,123 per sq ft of carpet area, based on 140 homes for sale listed on Real Estate Mumbai (as on 11 Nov 2026).
How much does a 3 BHK flat cost in Parel?
Most 3 BHK flats for sale in Parel are asking between ₹5.2 Cr and ₹7 Cr; the median is ₹6.2 Cr across 59 listings.
What is the rent for a 2 BHK in Parel?
Most 2 BHK flats for rent in Parel ask between ₹1.2 lakh and ₹1.74 lakh a month; the median is ₹1.4 lakh a month across 62 listings.
What rental yield do flats in Parel give?
A 3 BHK in Parel earns a gross rental yield of about 3.9% a year: median rent ₹2 lakh a month against a median asking price of ₹6.2 Cr.
Which parts of Parel have the most homes listed?
By live listings on Real Estate Mumbai: Dr. Babasaheb Ambedkar (30), Jeribai Wadia Road (16), G.D. Ambedkar Marg (15).
How many flats are for sale and for rent in Parel right now?
Real Estate Mumbai lists 140 flats for sale (median asking price ₹5.41 Cr) and 138 flats for rent (median ₹1.7 lakh a month) in Parel, across 48 buildings, as on 11 Nov 2026.
Which buildings in Parel have the most homes listed?
L&T Crescent Bay (54), Ashok Tower (26), Omkar Veda (20), Ruparel Ariana (16), Kalpataru Avana (16) — homes for sale and rent combined, live on Real Estate Mumbai.
How have Parel asking prices moved this year?
The median asking price of flats listed for sale in Parel was about ₹49,153 per sq ft in Jan 2026 and ₹40,783 in Nov 2026, a change of -17%. These are asking prices on listings, not registered sale prices.
Is it better to buy or rent in Parel?
At a gross yield of about 3.9% for a 3 BHK, a year of rent costs roughly 3.9% 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 Parel in Mumbai?
Parel is in central Mumbai, with Lower Parel to the west, Lalbaug and Sewri to the east and Dadar to the north. KEM Hospital and Tata Memorial Hospital are here, and several former mill sites have been rebuilt as residential towers.
How is Parel connected to the rest of Mumbai?
Parel station is on the Central Railway suburban line and Prabhadevi station on the Western line is a short walk away; Dr Ambedkar Road runs north–south through Parel, and the Eastern Freeway starts nearby.
How many homes were offered in Parel this week?
In the week ending 8 Nov 2026, brokers offered 73 homes for sale at a median asking price of ₹4.99 Cr (₹47,236 per sq ft carpet) and 93 homes for rent at a median ₹1.75 lakh a month in Parel. 19 buyer requirements and 7 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.