For Sale
3 BHK Bhavya Supreme
GD Ambekar Marg, Parel Village, Sindhu Nagar,₹5.31 Cr
Carpet1250 sq ft
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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 422 flats for sale, 407 on rent and 10 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
For Sale
For Sale
3 BHK Runwal Nirvana
6, GD Ambekar Marg, Parel Village, Bhoiwada₹5.00 Cr
Carpet1100 sq ft
View details
For Sale
For Sale
Latest on rent
View all 407 flats on rent in Parel →
Buyer & tenant demand in Parel
Real Estate Mumbai has received 207 buyer & tenant enquiries for Parel — 125 looking to buy and 29 to rent. The most-wanted configuration is 2 BHK & 1 BHK.
Own a property in Parel? 207 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 | ₹2,05,000 | 2.34% |
| Ruparel Ariana | ₹22,738 | ₹1,30,000 | — |
| Runwal Nirvana | — | ₹2,00,000 | — |
| Crescent Bay | — | ₹1,50,000 | — |
| Omkar Veda | — | ₹1,35,000 | — |
| Lodha Venezia | — | ₹1,85,000 | — |
| Ashok Tower | ₹96,428 | ₹2,90,000 | — |
| Kalpataru Avana | — | ₹4,50,000 | — |
| Lodha Primo | — | ₹1,60,000 | — |
| Kalpataru Habitat | — | ₹2,50,000 | — |
| Ruparel Nova | — | ₹60,000 | — |
| Prathana Heights | — | ₹1,25,000 | — |
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 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.
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.
