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Top 20 New Residential Projects in Lalbaug, Mumbai

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About Lalbuag, Mumbai

Lalbaug at Parel is a prominent area in the central part of South Mumbai. Offering a vibrant spirit that characterizes India's financial capital, Lalbaug was once a part of the neighbourhood called Girangaon or the "village of the mills"..

Lalbaug is famous for several reasons, especially the Lalbaugcha Raja, one of the most popular and revered Ganesh idols during the Ganesh Chaturthi festival. It is a must-visit location, especially during the festive season of Ganesh Chaturthi, if you want to witness the true essence of Mumbai's rich cultural heritage.

The proximity of Lalbaug to the Eastern Freeway, Bandra Worli Sea Link, and Eastern Express Highway provides effortless connectivity all over the city.

Why Should You Invest in Lalbaug?

Lalbaug is a well-established and densely populated area known for its cultural significance, historical landmarks and festivals, especially Ganesh Chaturthi. Its proximity to key areas like Parel, Lower Parel, and Dadar and easy access to major transportation hubs makes it suitable for residents and businesses.

Employment hubs like Indiabulls Finance Center, Peninsula Business Park, and Lodha Excelus lie in a radius of 2-3 km away from Lalbaug.

Price Trend of Lalbaug

Here is the statistical data for representing the price trend in Lalbaug, Mumbai:

Year Average / Sqft
2022 (April - June ) Rs 16,345
2022 (July - Sep) Rs 17,854
2022 (Oct-Dec) Rs 19,301
2023 (Jan - Mar) Rs 21,126

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 Lalbaug

1: Cultural and Social Significance

Lalbaug is known for its vibrant cultural events, festivals, and historical landmarks like the Lalbaugcha Raja Ganesh Temple. It is famous for its celebrations, which draw thousands of visitors from across the city each year. Such factors contribute to the area's charm, drawing in tourists and residents and potentially benefiting properties and business investors.

The cultural significance contributes to the potential of commercial ventures catering to devotees and tourists during such events.

2: Prime Location with Easy Accessability

The area's connectivity makes it an attractive choice for residents and businesses looking for a convenient and well-connected location in Mumbai. Its proximity to key areas like Parel, Lower Parel, and Dadar and easy access to major transportation hubs makes it suitable for residents and businesses.

Employment hubs like Indiabulls Finance Center, Peninsula Business Park, and Lodha Excelus lie in a radius of 2-3 km away from Lalbaug.

3: Excellent Connectivity

Here are some of the transportation hubs near Lalbaug:

  • Chhatrapati Shivaji Maharaj International Airport is 10 km via Tulsi via Western Express Highway.
  • Chhatrapati Shivaji Maharaj Railway Terminus is 6.0 km via Eastern Express Highway.
  • Mumbai Central Railway Station is 3.6 km via Sane Guruji Marg and Dr Anandrao Nair Marg.
  • Wadal Depot is 4.7 km via Zakaria Bunder Road and Rafi Ahmed Kidwai Road.
  • Chinchpokli railway station is 1.2 km via Sane Guruji Marg.

4: Rental Demand

Lalbaug's proximity to business districts and commercial hubs may result in high rental demand. For investors interested in rental income, properties in Lalbaug could present an opportunity to cater to the working population's needs, seeking convenient and accessible housing options.

In terms of price appreciation and depreciation, flat rates in Lalbaug have changed by 11.4 % in the last 1 year, 17.5 % in the last 5 years and 8.0 % in the last 10 years. Some of the top residential societies in Lalbaug are the Royal Residency, Magnum Tower, Vikas Finlay Tower and more

5: Social and Civic Amenities

Besides being rich in residential spaces, Lalbaug provides easy access to various amenities, including schools, colleges, hospitals, shopping centres, and restaurants.

Here are some of the social and civic amenities in Lalbaug:

Educational Institutes Medical Facilities Recreational Facilities
Saibaba Path Mumbai Public School Madhavbaug Clinic Majghar (Kokani restaurant)
English Medium Primary Astha Nursing Home and ICU Gharoba Lunch Home (Non-veg restaurant)

School

S.S. M Mohanbai Chunilal Mehta School

Healthspring Parel Center Point (Shopping mall)
Napoo High School Abhyudaya Nagar Dispensary Umbrella traders market area

Bengali Education Society

Junior College

Sankalp Eye Care Centre Bharat Bhuvan

Babasaheb Gawde Institute of Management Studies

Global Hospital Super Speciality and Transplant Center Bharatmata Cinema

FAQs

What is the PIN code of Lalbaug?

The PIN code of Lalbaug is 742149. It is located in South Mumbai

What is Lalbaug famous for?

Lalbaug is famous for its annual Ganesh Chaturthi festival and the iconic Lalbaugcha Raja Ganpati idol. Lalbaug is also most renowned for its vibrant Lalbaug Market, often called the Lalbaug Flower Market. This bustling marketplace comes alive with a riot of colors, fragrances, and activity, especially during the festive season.

Is Lalbaug a good place to live?

Lalbaug, steeped in cultural and religious heritage, is a magnet for investors seeking enriching experiences. Proximity to iconic landmarks like Siddhivinayak Temple and Dadar adds to its allure. The area's vibrant markets, especially during festivals, draw crowds for flowers and idols. For residents, its perceived safety is a significant draw, particularly for families. With its distinctive attractions, Lalbaug stands out as a desirable place to call home.

What is the Cost of Living in Lalbaug?

For 1 BHK, the rent in Lalbaug is approximately Rs 27,000 - 45,000; for 2 BHK, it's Rs. 50,000 - 1.1 Lac; and for 3 BHK, it's Rs 80,000 - 1,20,000.

What are the current development projects in Lalbaug?

Some of the current development projects in Lalbaug are mentioned in the table below:

What is the Future of Lalbaug?

Located near flourishing areas like Parel, Lower Parel, Sewri, Byculla, Worli, and Dadar, Lalbaug holds promising potential for future growth. Noteworthy projects like Pattathu Pearl Heights, Godrej Highlands, and Moraj Opulence by Moraj Group, along with esteemed developers, indicate a long-term vision for sustainable development and planning to meet future needs.

What are the top schools in Lalbaug?

  • Saibaba Path Mumbai Public School
  • AARAMBH THE BEGINNING
  • ShishuVihar School
  • K.M.S.English Medium School (C.B.S.E)
  • SSM Shivaji Vidyalaya Primary School
  • Ahilya Vidya Mandir School
  • Rainbow(TFS)preschool
  • Little Millennium Lalbaug
  • Clever Kids Nursery
  • SSL ENGLISH SCHOOL

What are the best hospitals in Lalbaug?

  • Aryan Hospital & ICU
  • Madhavbaug Clinic
  • Maru Hospital
  • Saifee Hospital
  • Balaji Hospital
  • Global Hospitals - Best Multi Speciality Hospital in Mumbai
  • King Edward Memorial Hospital (KEM Hospital)
  • Bharat Ratna Dr Babasaheb Ambedekar Memorial Hospital
  • Gandhi Hospital

What are the best restaurants in Lalbaug?

  • Ghobara Lunch Home
  • Majghar - Lalbaug
  • Flavours of China, Lalbaug
  • I Love Misal - Lalbaug
  • Ladu Samrat
  • Mumbai Rejoice Restaurant
  • New Anand Bhavan, Lalbaug
  • Shri Datta Boarding House
  • Hotel Krishnasagar
  • Pc Cafe, Lalbaug
  • Martand Misal

What are the petrol stations in Lalbaug?

  • HP PETROL PUMP - H. IRANI & CO
  • IndianOil
  • HP Petrol Pump - Hind Automobiles and
  • Shetkari Petrol Pump
  • Gill Auto Service

What are the top gyms in Lalbaug?

  • Body Garaz
  • Rebuild Fitness Studio
  • Hanuman Seva Mandal
  • THE IRON WORLD FITNESS
  • TMy Choice Fitnesss
  • Hammers Fitness
  • The Vigour Sphere Crossfit Gym
  • The Fitness Realm
  • Pathare Gym
  • Fitness 365D

What are the best shopping malls in Lalbaug?

  • Centre Point
  • Phoenix Palladium
  • Nakshatra Mall Dadar
  • Atria The Millennium Mall

What are the top hotels in Lalbaug?

  • Treebo Trend Hiramani Parel Lalbaug
  • ITC Grand Central - A luxury Collection Hotel
  • City Guest House
  • Bloom Hotel Worli
  • The St. Regis Mumbai
  • Hotel Parklane
  • Hotel Happy land Dadar
  • Hotel Aroma
  • Hotel Plaza

What are the parks in Lalbaug?

  • Aakaram Gangaram Satam Udyan
  • Lodha Park Garden
  • BMC Garden
  • Bhivaji Rao Nare Park
  • Dattaji Nalawade Park
  • K.Laxman Garden

What are the top attractions in Lalbaug?

  • Shri Siddhivinayak Temple
  • Lalbaug Raja
  • Nehru Science Centre
  • Veermata jijabai Bhosale Udyan and Zoo
  • Lalbaug Market

How many 1 BHKs are available in Lalbaug?

1 1 BHK flats are available in Lalbaug, including furnished and unfurnished

How much does a 1 BHK cost in Lalbaug?

1 BHK in Lalbaug costs in the range of ₹87 Lac - ₹1.98 Cr.

What is the average size of a 1 BHK in Lalbaug?

The average size of a 1 BHK in Lalbaug is 600 sqft.

What is the rent of a 1 BHK in Lalbaug?

The rent of 1 BHK in Lalbaug lies in the range of Rs 27,000 - 45,000.

How many 2 BHKs are available in Lalbaug?

2 2 BHK flats are available in Lalbaug.

How much does a 2 BHK cost in Lalbaug?

2 BHK in Lalbaug costs in the range of ₹1.7 Cr - ₹3.5 Cr.

What is the average size of a 2 BHK in Lalbaug??

The average size of a 2 BHK in Lalbaug is 650 sqft. - 724 sqft..

What is the rent of a 2 BHK in Lalbaug?

The rent of 2 BHK in Lalbaug lies in the range of Rs. 50,000 - 1.1 Lac.

How many 3 BHKs are available in Lalbaug?

2 3 BHK flats are available in Lalbaug.

How much does a 3 BHK cost in Lalbaug?

3 BHK flats in Lalbaug cost in the range of ₹4.30 Cr - ₹5.90 Cr. .

What is the average size of a 3 BHK in Lalbaug?

The average size of a 3 BHK in Lalbaug is 850 sqft - 1290 sqft.

What is the rent of a 3 BHK in Lalbaug?

The rent of 3 BHK in Lalbaug lies in the range of Rs 80,000 - 1,20,000.

How many 4 BHKs are available in Lalbaug?

2 4 BHK flats are available in Lalbaug.

How much does a 4 BHK cost in Lalbaug?

4 BHK flats in Lalbaug costs in the range of 9.67 Cr to Rs. 12.71 Cr.

What is the average size of a 4 BHK in Lalbaug?

The average size of a 4 BHK in Lalbaug is 1500 sqft - 3000 sqft.

What is the rent of a 4 BHK in Lalbaug?

The rent of 4 BHK in Lalbaug lies in the range of Rs 1,25,000 - 2,00,000 .

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