Flats for Sale in Parel
Flats for Sale in Parel & Lower Parel: Price List (October 2026)
Looking for flats for sale in Parel or Lower Parel? Here are 2 luxury residential towers that Asraa Realty tracks, a 32-storey tower nearing completion in Lower Parel and a new 64-storey SOBHA tower in Parel, with 2 and 3 BHK homes, prices and MahaRERA numbers in one place.
Parel and Lower Parel sit in South Central Mumbai, between Dadar and Worli, close to the offices of Lower Parel, Phoenix Palladium, the hospitals of Parel, Parel and Lower Parel stations, Metro Line 3 and the Eastern Freeway.
Parel & Lower Parel Projects
Starting price, homes, size and possession
Nearing completionArihant Towers
NM Joshi Marg, Lower Parel
*Prices subject to change without prior notice, T&C apply.
All Flats for Sale in Parel & Lower Parel (Sorted by Price)
| Project | Homes | Starting price | Possession | MahaRERA no. |
|---|---|---|---|---|
| Arihant Towers (Lower Parel) | 2 & 3 BHK | ₹3.25 Cr + charges | Nearing completion | P51900006005 |
| SOBHA Inizio (Parel) | 2 & 3 BHK | ₹5.08 Cr all-in | March 2034 | PR1170002501523 |
*Prices subject to change without prior notice, T&C apply.
2 BHK Flats for Sale in Lower Parel and Parel
| Project | RERA carpet (sq. ft.) | Price |
|---|---|---|
| Arihant Towers (Lower Parel) | about 805 to 823 | ₹3.25 Cr onwards |
| SOBHA Inizio (Parel) | 847 | ₹5.08 Cr all-in |
3 BHK Flats in Parel
| Project | RERA carpet (sq. ft.) | Price |
|---|---|---|
| Arihant Towers (Lower Parel) | about 1,186 to 1,215 | ₹4.75 Cr onwards |
| SOBHA Inizio 3 BHK Luxe (Parel) | 1,021 | ₹6.12 Cr all-in |
| SOBHA Inizio 3 BHK Grand (Parel) | 1,225 | ₹7.35 Cr all-in |
Flats for Sale in Lower Parel
Arihant Towers by the MJ Shah Group is a 32-storey tower on NM Joshi Marg with only a few homes per floor and a Jain Upasray on the premises. It is nearing completion, so you can see the actual tower before you buy, and it is a short walk from the Lower Parel office and retail district.
New Projects in Parel
SOBHA Inizio is a G+64 tower on a 2.11-acre plot on Jerbai Wadia Road, with about 310 homes, a lifestyle podium and a rooftop infinity pool. Upper floors have sea and city views. SOBHA designs and builds every home in-house. With possession in March 2034, it suits buyers who want to pay in stages and lock in a new tower at today’s price in one of Mumbai’s most central neighbourhoods.
Parel vs Lower Parel
Parel: a residential and hospital hub with Tata Memorial and KEM, Parel station and quick access to the Eastern Freeway. Lower Parel: Mumbai’s office and lifestyle district with Phoenix Palladium, Kamala Mills and Lower Parel station. Tell us your budget and we will shortlist flats for sale in Parel or Lower Parel that suit you.
Buying a Flat in Parel: What to Check
- MahaRERA number: check every project on the MahaRERA website.
- All-in vs flat value: some prices here are all-in and some are flat value plus stamp duty, GST and registration (see IGR Maharashtra). Compare like with like.
- Floor and view: sea-view and high floors cost more. Ask us for the floor-wise price.
Get the Parel price list on WhatsApp
One advisor, verified prices, no spam. Share your budget and we reply with three matching options.
- Free on new bookings
- RERA & OC checked
- Site visits arranged
Compare all flats for sale in Mahalaxmi, with prices and possession in one place.
Compare all flats for sale in Byculla and Mazgaon, with prices and possession in one place.
Flats for Sale in Parel: Frequently Asked Questions
What is the starting price of flats for sale in Parel and Lower Parel?
From ₹3.25 crore plus charges for a 2 BHK at Arihant Towers in Lower Parel. At SOBHA Inizio in Parel, 2 BHK homes start at ₹5.08 crore all-in.
Which are the new projects in Parel?
SOBHA Inizio on Jerbai Wadia Road, a G+64 tower with 2 and 3 BHK homes and MahaRERA possession in March 2034.
Are there 3 BHK flats in Parel?
Yes. 3 BHK homes at Arihant Towers from ₹4.75 crore, and 3 BHK Luxe and Grand homes at SOBHA Inizio from ₹6.12 crore all-in.
Which project is closest to completion?
Arihant Towers in Lower Parel is nearing completion. Ask us for the current occupation-certificate timeline.
What is the property rate in Parel?
See our Parel property rates and Lower Parel property rates pages. This page lists the actual price of each project.
Do you also have flats in Worli and Prabhadevi?
Yes. See all flats for sale in Worli and Prabhadevi, next to Lower Parel.