These are the latest property rates in Parel, Mumbai — the Central-line healthcare and redevelopment belt around Jerbai Wadia Road and Dr. Ambedkar Road — with configuration-wise price estimates, rental figures and how Parel compares with its neighbours.
Property Rates in Parel by BHK
These property rates in Parel reflect actual listed prices on a carpet-area basis, across Jerbai Wadia Road, Dr. Ambedkar Road, Bhoiwada and the Parel Village pocket.
Rental Rates in Parel
From independent market research, not Asraa Realty’s own rental listings. A 4 BHK rents around ₹3.25 Lakh/month. The average rental rate is about ₹163/sq.ft/month, a gross yield near 4.25% — among the highest in South Mumbai, on steady hospital-staff and corporate demand.
Property Rates in Parel: Price Trend
Parel has risen steadily rather than spiked — up about 17% over five years, with each of the last four quarters slightly ahead of the one before.
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Live Listings in Parel
Parel & Neighbouring Localities
| Locality | Rate | vs Parel |
|---|---|---|
| Prabhadevi | ₹64,000 | +41% |
| Lower Parel | ₹54,000 | +19% |
| Dadar East | ₹46,000 | +1% |
| Parel (this locality) | ₹45,500 | — |
Prabhadevi, Lower Parel and Dadar East are all independently researched and cross-verified as of 6 September 2026.
Parel trades at roughly Dadar East levels and a clear step below Lower Parel — more of an end-user, hospital-and-redevelopment market than a luxury-tower one, which is also why its rental yield is higher.
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Chat on WhatsApp or call +91 96199 73211About Parel
Parel is the Central-line locality between Dadar and Byculla, historically a mill and mill-worker district and now Mumbai’s main hospital cluster — KEM, Tata Memorial and the Wadia hospitals are all here.
Redevelopment of old chawls and mill land has added a layer of towers along Jerbai Wadia Road and Dr. Ambedkar Road.
What Affects Prices in Parel
Compare all flats for sale in Parel, with prices and possession in one place.
Frequently Asked Questions
Common questions about property rates in Parel, covering residential and rental figures.
What is the current property rate in Parel?
The average asking rate for property rates in Parel is around ₹45,500 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹44,450 and ₹46,650, below the ₹55,000 figure carried on older indices.
An indicative transaction benchmark — not independently verified — is around ₹35,000 per sq.ft; the registered average is lower, near ₹32,600. The Ready Reckoner (built-up area) runs a wide ₹23,000–42,000 per sq.ft band.
What is the price range for a flat in Parel?
Based on current market listings, a 1 BHK in Parel is typically ₹1.14–2.40 Cr, a 2 BHK ₹3.23–4.40 Cr, and a 3 BHK ₹5.50–9.00 Cr on a carpet-area basis.
Branded towers such as Kalpataru Avana, Lodha Codename Hidden Jewel and Tata Condor Gardens run ₹60,000–62,000/sq.ft.
Is Parel cheaper than Lower Parel?
Yes — property rates in Parel run roughly 15–19% below Lower Parel. Lower Parel has the Senapati Bapat Marg office spine and a denser cluster of luxury towers; Parel is more of an end-user, hospital-and-redevelopment market.
Parel’s rental yield (around 4.25%) is correspondingly higher.
Property rates in 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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