For Sale
Property Rates in Parel (2026)
Central Mumbai · Buy & rent prices per sq ft · researched & updated by our team — June 2026
Apartments in Parel sell for about ₹₹50,000 – ₹100,000 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 June 2026. Real Estate Mumbai has tracked Parel property rates since 1993, with 252 flats for sale, 211 on rent and 8 new projects live now.
What are the property rates in Parel?
| Type | Rate (June 2026) |
|---|---|
| Apartments — buy | ₹₹50,000 – ₹100,000 /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
View all 252 flats for sale in Parel →
Latest on rent
For Rent
For Rent
For Rent
2 BHK Crescent Bay Tower 3
Jerbai Wadia Road, Near Mahatma Phule Education Society₹150,000/mo
View details
For Rent
For Rent
For Rent
Buyer & tenant demand in Parel
Real Estate Mumbai has received 186 buyer & tenant enquiries for Parel — 115 looking to buy and 19 to rent. The most-wanted configuration is 2 BHK & 1 BHK.
Own a property in Parel? 186 buyers & tenants are already looking — list it free and our advisors will match you to genuine demand.
💬 List my Parel propertyNew projects in Parel
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Tribeca The Edge
BuilderTribeca Developer
Rate₹64,000/sqft
StatusUnder Construction
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Kinjal Pride
BuilderHi Rock Construction Pvt Ltd.
Rate₹40,000/sqft
StatusUnder Construction
Ruparel Jewel
BuilderRuparel Realty
Rate₹49,000/sqft
StatusUnder Construction
Ruparel Ariana
BuilderRuparel Realty
Rate₹55,500/sqft
StatusUnder Construction
Sobha Inizio
BuilderSobha Ltd
Rate₹62,200/sqft
StatusUnder Construction
Simana
BuilderBhoomi Group
Rate₹48,000/sqft
StatusReady to Move In
Gundecha KBK Magnum Heights
BuilderGundecha Builders
StatusUnder Construction
Bhoomi Simana Tower C
BuilderBhoomi Builders
Rate₹60,811/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 June 2026. Real Estate Mumbai has tracked Parel property rates since 1993.
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 June 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 June 2026.
How many properties are available in Parel?
Real Estate Mumbai currently lists 252 flats for sale, 211 flats on rent and 4 commercial properties in Parel, plus 8 new projects. 186 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 June 2026 · Parel rates tracked by Real Estate Mumbai since 1993 · compiled by Sandeep Sadh.
