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Property Rates in Parel (2026)
Central Mumbai · Buy & rent prices per sq ft · researched & updated by our team — 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 382 flats for sale, 331 on rent and 9 new projects live now.
What are the property rates in Parel?
| Type | Rate (May 2026) |
|---|---|
| Apartments — buy | ₹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 |
Rates are carpet-area, indicative ranges based on Real Estate Mumbai's tracked transactions and current inventory in Parel.
Parel market overview
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
For Sale
For Sale
2 BHK Cresent Bay Callisto
Jerbai Wadia Road, Near Mahatma Phule Education Society, Bhoiwada₹4.25 Cr
View details
For Sale
For Sale
For Sale
For Sale
Latest on rent
View all 331 flats on rent in Parel →
Buyer & tenant demand in Parel
Real Estate Mumbai has received 194 buyer & tenant enquiries for Parel — 117 looking to buy and 25 to rent. The most-wanted configuration is 2 BHK & 1 BHK.
Own a property in Parel? 194 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 | ₹50,000 | ₹2,25,000 | — |
| Crescent Bay | — | ₹2,20,000 | — |
| Ashok Tower | ₹53,571 | ₹3,20,000 | — |
| Ruparel Ariana | ₹23,809 | ₹1,30,000 | — |
| Runwal Nirvana | — | ₹1,80,000 | — |
| Kalpataru Avana | — | ₹5,65,000 | — |
| Lodha Venezia | — | ₹1,85,000 | — |
| Omkar Veda | — | ₹1,30,000 | — |
| Lodha Primo | — | ₹1,75,000 | — |
| Kalpataru Habitat | — | ₹2,50,000 | — |
| Lodha Aria | — | ₹1,55,000 | — |
| Rajkamal Heights | — | ₹1,50,000 | — |
New projects in Parel
Simana
BuilderBhoomi Group
Rate₹62,000/sqft
Sobha Inizio
BuilderSobha Ltd
Rate₹53,129/sqft
StatusUnder Construction
Gundecha KBK Magnum Heights
BuilderGundecha Builders
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
Kinjal Pride
BuilderHi Rock Construction Pvt Ltd.
Rate₹40,000/sqft
StatusUnder Construction
Ruparel Jewel
BuilderRuparel Realty
Rate₹49,000/sqft
StatusUnder Construction
Parel property rates — FAQs
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.
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.
How many properties are available in Parel?
Real Estate Mumbai currently lists 382 flats for sale, 331 flats on rent and 1 commercial properties in Parel, plus 9 new projects. 194 buyers are actively looking in Parel.
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 WhatsAppUpdated May 2026 · Parel rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.
