x

Top 21 New Residential Projects in Lower Parel East, Mumbai

Are you Looking for Residential Project in Lower Parel East? Houssed.com has curated 21+ Projects in Lower Parel East Directly from Top Builders. Browse through Best Projects, Filter as per your Desired Requirements, Shortlist your Dream House and Book Site Visits. 100% Verified Projects with 0 Brokerage Fee.

About Lower Parel East, Mumbai

Lower Parel East is one of the most popular commercial suburbs of South Mumbai, with ample commercial establishments, markets and retail hubs. Lower Parel is a shopper's paradise.

It is well-connected to the Eastern Express Highway. This locality presents an excellent mix of commercial and residential setups. Leading hospitals and schools are easily accessible. It is served by Lower Parel Train and Monorail station. This locality surrounds several prominent areas and neighbourhoods like Lower Parel West, Worli, Lalbaug, Dadar, Mahalaxmi, Byculla, and Prabhadevi.

Being home to some of the tallest skyscrapers like World One by Lodha Group, a hub for decor and furniture showrooms, and one of the liveliest spots for nightlife, Lower Parel East is one neighbourhood that seamlessly brings together this city's commercial and entertainment aspects.

Why Should You Invest in Lower Parel East?

Lower Parel is a posh and well-connected area in South Mumbai, which makes it highly desirable for real estate investment. It's known for its proximity to key business districts and some of the most flourishing areas like Worli, Prabhadevi and Dadar.

Price Trend of Lower Parel East?

Here is the statistical data for the price trend of Lower Parel East:

Year Average/ Sqft
2019 Rs. 45,900
2020 Rs. 39,500
2021 Rs. 41,500
2022 Rs. 46,400
2023 Rs. 48,500

Disclaimer: All the prices mentioned above are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary per the developer, location, and amenities.

Top 5 Reasons to Invest in Lower Parel East

1: Strategic Location

Lower Parel is generally divided into Lower Parel East and Lower Parel West. Nearby localities to Lower Parel East include Worli, Dadar, Mahalaxmi, and Prabhadevi.

These localities are also popular residential and commercial areas, with several offices, residential buildings, and amenities such as schools, hospitals and markets.

Proximity to well-established neighbourhoods and business districts makes Lower Parel East a sought-after location for investment.

2: Excellent Connectivity

Lower Parel East is well-connected to other parts of Mumbai through public transportation and roadways.

Lower Parel railway station is on the Western Line of the Mumbai Suburban Railway. Another station in the south is Mahalaxmi railway station; in the north is Prabhadevi railway station.

Here are some of the transportation hubs near Lower Parel East:

  • Chhatrapati Shivaji Maharaj International Airport is 18.2 km via the Bandra - Worli Sea Link and Western Express Highway.
  • Chhatrapati Shivaji Maharaj Railway Terminus is 5.9 km NM Joshi Marg and Kutbe Kokan Makhdoom Ali Mahimi Flyover/Manish Road.
  • Mumbai Central Railway Station is 3.3 km via Arthur Road, Sane Guruji Marg and Dr Anandrao Nair Marg.
  • Mahalaxmi Railway Station is 2.0 km via NM Joshi Marg and Arthur Rd/Sane Guruji Marg.
  • Prabhadevi railway station is 2.5 km via Mahadev Palav Marg.

3: Redevelopment and Regeneration

Lower Parel East has undergone significant regeneration and redevelopment initiated by the government and private developers. These efforts improve the quality of life, attract businesses, and enhance the overall charm of the locality for investment.

Parel East has witnessed substantial real estate development by converting old textile mills into modern residential and commercial spaces. High-rise luxury apartments, restaurants, trendy cafes, and shopping malls have become prominent features of the area.

4: Social and Civic Amenities

Lower Parel East maintains amenities that create a vibrant and sustainable community. As the area continues to grow and evolve, the amenities are upgraded to meet the changing needs and expectations of the population.

Here are some of the civic and social amenities in Lower Parel East:

Educational Facilities Medical Centers Recreational Facilities
PES Maharashtra High School Mhaskar Hospital Prakash Bar and Kitchen (Bar and Grill)
Mn Joshi Marg school Global Hospital Udipi Shri Krishna (restaurant)
NM Joshi School Gandhi Hospital Parel East The Food Factory (Fast Food)
Sitaram Mill Compound School Global Hospitals - Best Multi-Speciality Hospital in Mumbai Lodha Park Garden
    Phoenix Palladium (Shopping Mall)

5: Prominent Developers

Well-designed residential projects in Lower Parel East offer modern amenities and facilities, contributing to a better standard of living for residents. Quality projects and developers include security measures, well-lit public spaces, and surveillance systems, contributing to a safer living environment.

World One by Lodha Group, Crescent Bay by L&T Realty, Lodha Solitaire by Lodha Group, MJ Shah Arihant Towers by MJ Shah, and Piramal Mahalaxmi by Primal Realty are some of Lower Parel East's top well-established projects and developers.

FAQs

What is the PIN code of Lower Parel East?

The PIN code of Lower Parel East is 400013. It is located in South Mumbai.

What is Lower Parel East famous for?

Lower Parel East is famous for its transformation from an industrial area to a bustling commercial and residential hub. It is known for its upscale restaurants, shopping centres, corporate offices, and luxury apartments.

The area gained prominence due to the development of various commercial complexes, including the Phoenix Mills compound, which houses a popular mall called High Street Phoenix.

Is Lower Parel East a good place to live?

Lower Parel is an excellent place to live. It is one of the most exclusive areas in the city and is home to many corporate offices and commercial hubs like The Empire Business Centre and WorkWise Solutions Pvt. Ltd., making it convenient for job professionals. It offers various entertainment options, including shopping malls, restaurants, and a vibrant nightlife.

What is the cost of living in Lower Parel East?

For 1 BHK, the rent in Lower Parel East is approximately Rs. 40,000 to Rs. 75,000, for 2 BHK, it's Rs. 60,000 to Rs. 1.6 lac, and for 3 BHK, it's Rs. 1.3 lac to Rs. 2.85 lac.

What are the current development projects in Lower Parel East?

Some of the current development projects in Lower Parel East are mentioned in the table below:

What is the Future of Lower Parel East?

Lower Parel East promises a bright future due to continuous development over the years with modern infrastructure, commercial complexes, and luxury residential projects.

The presence of reputed developers in the area, like Lodha Group, L&T Realty, Primal Realty and MJ Shah, is likely to enhance the value of properties in this area.

What are the schools in Lower Parel East?

  • N.m.joshi marg school (near lower parel monorail stn)
  • DSB International School
  • K.M.S.English Medium School (C.B.S.E)
  • KIDS UNIVERSITY
  • K.G.T.I. International School
  • JBCN International School in Parel, Mumbai
  • K.M.S. Dr. Shirodkar High School
  • Pathfinders Preschool LLP
  • Kangaroo Kids Parel East

What are the hospitals in Lower Parel East?

  • Mansi Maternity and Surgical Nursing Home
  • Mhaskar Hospital
  • Gandhi Hospital parcel east
  • King Edward Memorial Hospital (KEM Hospital)
  • ESI Mahatma Gandhi Memorial Hospital
  • K B Haji Bachooali Charitable Ophthalmic & ENT Hospital
  • Gopikrishna Piramal Memorial Hosh
  • Sparsh Children's Hospital
  • TATA MEMORIAL HOSPITAL, Homi Bhabha Block

What are the restaurants in Lower Parel East?

  • Prakash Bar and Kitchen
  • Udipi Shri Krishna
  • Sarvoday Bar & Restaurant
  • Hotel Pangat
  • Ankur Restaurant & Bar
  • Savantvadi Lunch Home
  • The Food Factory
  • Amrut Bhuvan
  • The Rolling Cafe & Food Truck
  • Ambience Bar & Kitchen

What are the petrol stations in Lower Parel East?

  • Hp Petrol Pump
  • Indian Oil
  • HP PETROL PUMP - H. IRANI & CO
  • Bharat Petroleum Corporation Ltd
  • HP Petrol Pump - Hind Automobiles

What are the gyms in Lower Parel East?

  • MR FITNESS CENTER
  • Fitness Garage
  • IDEAL BODY FITNESS
  • Hercules Fitness
  • CULT Palladium
  • Thera Wellness
  • THE IRON WORLD FITNESS
  • Workout zone.
  • Gold's Gym
  • Hammers Fitness
  • FEEL THE BLAZE

What are the shopping malls in Lower Parel East?

  • Phoenix Palladium
  • Grand Galleria Mall
  • Jio World Drive
  • K Star Mall
  • Cubic Mall

What are the hotels in Lower Parel East?

  • The St. Regis Mumbai
  • ITC Grand Central - A Luxury Collection Hotel
  • Hotel Kohinoor Park
  • Bloom Hotel - Worli
  • Treebo Trend Hiramani Parel Lalbaug
  • Rajdot Hotel
  • The Sahil Hotel
  • Comfort Inn Heritage

What are the parks in Lower Parel East?

  • Lodha Park Garden
  • Matoshree Ramabai Thackrey Udyan
  • Shivaji Rao Nare Park
  • BMC Garden
  • K. Mahesh Madhukar Park
  • Linear Park By Lodha

What are the attractions in Lower Parel East?

  • Bandra - Worli Sea Link
  • Deepak Talkies
  • High Street Phoenix
  • Smaaash Utopia City

How many 1 BHKs are available in Lower Parel East?

1 1 BHK flats are available in Lower Parel East West, including furnished and unfurnished

How much does a 1 BHK cost in Lower Parel East?

1 BHK in Lower Parel East costs in the range of ₹1.4 Cr - ₹2.4 Cr.

What is the average size of a 1 BHK in Lower Parel East?

The average size of a 1 BHK in Lower Parel East is 390 sqft - 575 sqft.

What is the rent of a 1 BHK in Lower Parel East?

The rent of 1 BHK in Lower Parel East lies in the range of Rs. 40,000 to Rs. 75,000.

How many 2 BHKs are available in Lower Parel East?

2 2 BHK flats are available in Lower Parel East.

How much does a 2 BHK cost in Lower Parel East?

2 BHK in Lower Parel East costs in the range ofv₹1.6 Cr - ₹2.5 Cr.

What is the average size of a 2 BHK in Lower Parel East??

The average size of a 2 BHK in Lower Parel East is 650 sqft - 851 sqft.

What is the rent of a 2 BHK in Lower Parel East?

The rent of 2 BHK in Lower Parel East lies in the range of Rs. 60,000 to Rs. 1.6 lac.

How many 3 BHKs are available in Lower Parel East?

1 3 BHK flats are available in Lower Parel East.

How much does a 3 BHK cost in Lower Parel East?

3 BHK flats in Lower Parel East cost in the range of ₹2.49 Cr - ₹4.35 Cr.

What is the average size of a 3 BHK in Lower Parel East?

The average size of a 3 BHK in Lower Parel East is 1012 sqft - 1239 sqft.

What is the rent of a 3 BHK in Lower Parel East?

The rent of 3 BHK in Lower Parel East lies in the range of Rs. 1.3 lac to Rs. 2.85 lac.

How many 4 BHKs are available in Lower Parel East?

2 4 BHK flats are available in Lower Parel East.

How much does a 4 BHK cost in Lower Parel East?

4 BHK flats in Lower Parel East costs in the range of ₹5.02 Cr - ₹7.40 Cr.

What is the average size of a 4 BHK in Lower Parel East?

The average size of a 4 BHK in Lower Parel East is 1425.0 sqft - 1927.0 sqft.

What is the rent of a 4 BHK in Lower Parel East?

The rent of 4 BHK in Lower Parel East lies in the range of Rs. 2.9 lac to Rs. 4.4 lac.

Top Localities in Mumbai

BHK Wise Flats in Lower Parel East

Request Information

Get more info from our experts about the property. From financing to investment potential & more.

Or

Contact us your way

India's First Direct-To-Buyer Real Estate Platform. Real Estate. Real Information. Real Deal.

Houssed
Support
Legal

© 2023 Houssed Technologies Pvt Ltd. All rights reserved.