x

Top 21 New Residential Projects in Lower Parel West, Mumbai

Are you Looking for Residential Project in Lower Parel West? Houssed.com has curated 21+ Projects in Lower Parel West 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 West, Mumbai

Lower Parel West, situated in South Mumbai, is a thriving area known for its high-end shopping destinations and corporate headquarters. It enjoys proximity to the Eastern Expressway and shares borders with Naigaon, Chinchpokli, Worli, and Sewri. Access to Lower Parel West is convenient through key areas like Nariman Point and Mahalakshmi. Many organizations' headquarters, workplaces, and offices are nearby, ensuring smooth connectivity and accessibility.

Some top projects in Lower Parel West include Arihant Towers, Indiabulls Sky Forest, One Avighna Park, Nandivardhan Fortuna Blue, and Ashford Casagrand. The locale is renowned for the Mirabai Temple and is particularly famous for hosting the grand Ganesh Visarjan, notably the Lalbaugcha Raja procession, every year.

Why Should You Invest in Lower Parel West?

Lower Parel is esteemed for its affluent neighbourhood, offering easily affordable rental properties with essential amenities for residents. It provides a secure environment and seamless connectivity to the rest of the city.

The area boasts a notable presence of commercially successful lifestyle e-commerce startups such as Nykaa and Style Fiesta. It is also home to PR agencies like Edelman and media and advertising firms like Fractal Media. Boutique agencies, including Genesis BM and Perfect Relations, are prominent here. Additionally, organizations like ISDI have established their base in this area.

Price Trend of Lower Parel West

Below is the statistical data to analyse the price trends in Lower Parel West, Mumbai:

Year (April-June) Price/Sq. ft.
2019 Rs. 46,000
2020 Rs. 39,450
2021 Rs. 37,200
2022 Rs. 37,600
2023 Rs. 49,500

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

Top 5 Reasons to Invest in Lower Parel West

1: Good Connectivity

  • Lower Parel Railway Station is at a distance of 1 Km. Other railway stations like Currey Road Railway Station, Chinchpokli Railway Station, and Mahalakshmi Railway Station are also located at a distance of 1 km.
  • The driving distance to Eastern Express Highway is 9 Km.
  • The Mumbai Airport is at a distance of 10.3 Km.
  • Areas like Worli, Mahalakshmi, and Nariman Point are easily accessed from here.
  • Major roads like Tulsi Pipe Road and NM Joshi Marg lie near it.

2: Contemporary Amenities

Lower Parel East is surrounded by renowned schools, colleges, hospitals, recreational places, malls, restaurants and many more. Some of these social infrastructures are:

Educational Centers Hospitals Shopping Centres
Don Bosco International School Tata Memorial Hospital Palladium Mall
Aditya Birla World Academy Global Hospital High Street Phoneix Mall
St.Pauls Convent High School KEM Hospital Baaya Design
BK Birla Centre for Education Sai Hospital Grand Galleria Mall

3: Significant Commercial Area

Lower Parel is evolving into a Central Business District with exceptional connectivity, positioning itself as Mumbai’s burgeoning startup hub. The area is dotted with various retail outlets, including prominent malls like High Street Phoenix. Noteworthy corporations like HDFC Bank, Yes Bank, HP, SBI Capital, Thomas Cook, and Deloitte have established their headquarters here alongside media and advertising agencies such as Fractal Media and Zee Media.

4: Diverse Residential Landscape

Diversity characterises the residential landscape, offering layouts ranging from 1 BHK to 5 BHK flats, with prices spanning from 2 crores to 25 crores. Luxurious villas are available in the range of 30 crores to 90 crores.

Multi-story apartments have experienced a 1.12% increase in average prices in the past quarter (Jul-22), with a notable 4.05% rise in rental rates during the same period. Among the layouts, 3BHK apartments are the most sought-after, accounting for 43% of sales. Commercial spaces are also in high demand, constituting 48% of the properties. Property rates have witnessed an 11% increase in the last year.

5: Top Projects with Top Developers

  • Ashford Casagrand by Ashford Group Builders
  • Mittal Phoneix Towers by Mittal Group
  • Lodha World Crest by Lodha Group
  • Piramal Mahalakshmi by Piramal Realty
  • Lodha Codename Must Have by Lodha Group

FAQs

What is the PIN code of Lower Parel West?

The PIN code of Lower Parel West is 400013, and it is located in Mumbai, Maharashtra.

What is Lower Parel West famous for?

Lower Parel is a thriving commercial hub, making it a hot spot in real estate. Alongside corporate buildings and upscale societies, the locality hosts esteemed educational institutions like Aditya Birla World Academy and St. Paul Convent High School, as well as renowned hospitals including Tata Memorial Hospital, Global Hospital, and KEM Hospital.

Is Lower Parel West a good place to live?

Lower Parel is a sought-after residential and commercial hub in Mumbai, known for its diverse housing options and thriving real estate sector. The area also hosts renowned schools like Aditya Birla World Academy, St. Paul Convent High School, and BK Birla Centre for Education, as well as prominent hospitals including Tata Memorial Hospital, Global Hospital, and KEM Hospital.

What is the cost of living in Lower Parel West?

For 1 BHK, the rent in Lower Parel West is approximately Rs. 20,000 - 75,000, for 2 BHK, it's Rs. 65,000 - 1.5 Lac, and for 3 BHK, it's Rs. 1.3 Lac - 4.4 Lac.

What are the current development projects in Lower Parel West?

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

What is the future of Lower Parel West?

Lower Parel West is currently in high real estate demand, and this trend is likely to continue. Projects like Piramal Mahalakshmi, Lodha Park, Lodha Kiara, and Lodha The Park Tower will influence property prices. The presence of lifestyle startups such as Nykaa and Style Fiesta has paved the way for more startups to set up shop here in the coming years.

What are the best schools in Lower Parel West?

  • DSB International School
  • Kamala Devi Gobindram Tahiliani High School
  • Ganpatrao Kadam Marg BMC School
  • Lower Parel Upper Primary School
  • Talchekar Wadi School
  • Don Bosco International School

What are the best hospitals in Lower Parel West?

  • Gopi Krishna Piramal Memorial Hospital
  • Global Hospitals
  • Siddhachal Hospitals
  • Mhaskar Hospital
  • King Edward Memorial Hospital
  • Anand Niketan
  • Parel Hospital

What are the top restaurants in Lower Parel West?

  • The Bombay Canteen
  • Jai Hind Lunch Home Lower Parel
  • Ambience Bar & Kitchen
  • Oye Kake
  • Pop Tate’s Kamala Mills
  • China Land

What are the nearest petrol stations in Lower Parel West?

  • HP Petrol Pump
  • Bharat Petroleum Corporation Ltd.
  • HP Petrol Pump- H Irani & Co.
  • The Petrol Supplying Company
  • Super Service Station
  • HP Petrol Pump- Hind Automobiles

What are the closest gyms in Lower Parel West?

  • Ideal Body Fitness
  • Gold’s Gym
  • Fitness Garage
  • CULT Palladium
  • 3 Fitness Gym

What are the best shopping malls in Lower Parel West?

  • Phoenix Palladium
  • Tewari Brothers
  • Pepe Jeans High Street Phoneix
  • Courtyard

What are the top hotels in Lower Parel West?

  • The St. Regis Mumbai
  • ITC Grand Central
  • Pals Hotel Parel
  • Treebo Trend Hiramani Parel Lalbaug
  • Abuzz Lower Parel

What are the parks in Lower Parel West?

  • Lodha Garden Park
  • Matoshree Ramabai Thackrey Udyan
  • BMC Garden &Children’s Park
  • K Mahesh Madhukar Park
  • BMC Garden
  • Linear Park By Lodha

What are the top attractions in Lower Parel West?

  • Mirabai Temple
  • Lalbaugcha Raja
  • Amhi Lowerparelkar - Sign Board
  • Dhobi Ghat
  • Shri Kshetrapaleshwa
  • High Street Phoneix Mall
  • Shree Sidhivinayak Temple

How many 1 BHKs are available in Lower Parel West?

3 1 BHK flats are available in Lower Parel West, including furnished and unfurnished

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

1 BHK in Lower Parel West costs in the range of ₹ 65L to ₹ 2.81Cr..

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

The average size of a 1 BHK in Lower Parel West is 600 sqft.

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

The rent of 1 BHK in Lower Parel West lies in the range of Rs. 20,000 - 75,000.

How many 2 BHKs are available in Lower Parel West?

5 2 BHK flats are available in Lower Parel West.

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

2 BHK in Lower Parel West costs in the range of ₹2.2Cr to ₹3.50 Cr.

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

The average size of a 2 BHK in Lower Parel West is 650 sqft. - 724 sqft..

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

The rent of 2 BHK in Lower Parel West lies in the range of Rs. 65,000 - 1.5 Lac.

How many 3 BHKs are available in Lower Parel West?

1 3 BHK flats are available in Lower Parel West.

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

3 BHK flats in Lower Parel West cost in the range of ₹5.80 Cr - ₹7.30 Cr.

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

The average size of a 3 BHK in Lower Parel West is 850 sqft - 1290 sqft.

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

The rent of 3 BHK in Lower Parel West lies in the range of Rs. 1.3 Lac - 4.4 Lac.

How many 4 BHKs are available in Lower Parel West?

1 4 BHK flats are available in Lower Parel West.

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

4 BHK flats in Lower Parel West costs in the range of ₹7.99 Cr - ₹10 Cr.

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

The average size of a 4 BHK in Lower Parel West is 1500 sqft - 3000 sqft.

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

The rent of 4 BHK in Lower Parel West lies in the range of Rs. 2.8 Lac - 5.3 Lac.

Top Localities in Mumbai

BHK Wise Flats in Lower Parel West

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.