These are the latest property rates in Lower Parel, Mumbai — the mill-land district around Senapati Bapat Marg, Kamala Mills and Phoenix — with configuration-wise price estimates, commercial rates, rental figures and how Lower Parel compares with its neighbours.
Commercial Property Rates in Lower Parel
Commercial rates in Lower Parel change a lot from one building to the next: floor, frontage, road, fit-out and lease terms can move the price by 2× or more. A single per sq.ft figure would mislead, so we share current deal rates on request.
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Property Rates in Lower Parel by BHK
These property rates in Lower Parel reflect actual listed prices on a carpet-area basis, across Senapati Bapat Marg, the Delisle Road pocket and the Curry Road side.
Rental Rates in Lower Parel
From independent market research, not Asraa Realty’s own rental listings. A 4 BHK rents around ₹4.90 Lakh/month. The average rental rate is about ₹194/sq.ft/month, a gross yield near 4.1% — high for South Mumbai, on strong corporate-tenant demand from the office district.
Property Rates in Lower Parel: Price Trend
Lower Parel ran up hard through 2021–25 on the mill-land and office boom, then softened — asking rates are down about 5.7% over the last year as luxury inventory built up.
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Live Listings in Lower Parel
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Lower Parel & Neighbouring Localities
| Locality | Rate | vs Lower Parel |
|---|---|---|
| Worli | ₹73,000 | +35% |
| Prabhadevi | ₹64,000 | +19% |
| Lower Parel (this locality) | ₹54,000 | — |
| Parel | ₹45,500 | -16% |
Prabhadevi, Parel and Worli are all independently researched and cross-verified as of 6 September 2026.
Lower Parel’s blended rate has fallen back to roughly Dadar West levels after its luxury-inventory build-up — but its Senapati Bapat Marg towers still overlap the Worli price band.
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Chat on WhatsApp or call +91 96199 73211About Lower Parel
Lower Parel is the redeveloped mill district between Prabhadevi and Byculla, built around Senapati Bapat Marg. Old textile-mill compounds — Kamala Mills, Phoenix, Todi, Mathuradas — now hold offices, restaurants and malls, with luxury residential towers layered over and around them.
What Affects Prices in Lower Parel
Compare all flats for sale in Parel, with prices and possession in one place.
Frequently Asked Questions
Common questions about property rates in Lower Parel, covering residential, commercial and rental figures.
What is the current property rate in Lower Parel?
The average asking rate for property rates in Lower Parel is around ₹54,000 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹50,000 and ₹56,950, below the ₹65,000 figure carried on older indices.
An indicative transaction benchmark — not independently verified — is around ₹41,000 per sq.ft; the registered average is lower, near ₹35,300. The Ready Reckoner (built-up area) runs a wide ₹28,000–56,000 per sq.ft band.
Why have property rates in Lower Parel fallen?
Lower Parel had a long run-up on the mill-land and office boom, then a large amount of premium residential tower inventory was delivered into a market whose core demand is for office space, not homes.
Asking rates are down about 5.7% over the last year as a result. The commercial market, by contrast, remains strong.
Property rates in Lower Parel on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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