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Amina from Hyderabad matched with Joseph3 BHK in Gachibowli
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Priya from Mumbai matched with Sandeep2 BHK in Bandra West
1 listed in Dombivli East, Thane by Magic
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2 listed in Kalyan East, Thane by Magic
Zoya from Lucknow matched with Ravi2 BHK in Gomti Nagar
2 listed in Kalyan East, Thane by Magic
Devraj from Ahmedabad matched with Mehul4 BHK in Vastrapur
1 listed in Kalyan East, Thane by Magic
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Properties in Lower Parel, Mumbai

3 active listings · Maharashtra · PIN 400013

3 properties listed for sale in Lower Parel, Mumbai on Realty of India. Available configurations include 2 BHK. Buyers also consider nearby Andheri East, Andheri West, Malad West, and Thane West. Every listing on Realty of India carries RERA registration where applicable, and ROI Verified brokers are clearly badged so you know who you're working with.

Living in Lower Parel

Lower Parel (PIN 400013) is a former mill-belt locality in Mumbai South that has transformed from a 19th-century textile hub into one of the city's priciest residential-cum-commercial addresses. Bordered by Naigaon, Chinchpokli, Worli and Sewri, it hosts corporate towers like Peninsula Corporate Park, luxury high-rises and malls such as Phoenix Palladium built on former mill land (Phoenix Mills, Kamala Mills).

It has its own Western Railway station, a Monorail stop and is linked by Tulsi Pipe Road, NM Joshi Marg and Senapati Bapat Marg, with Metro Line 3 to add faster access to BKC and South Mumbai. Average residential rates run about Rs 55,950-56,950/sq ft, and the area is also known for its dense restaurant, pub and nightlife scene.

What's great here
  • Residential-cum-commercial hub in South Mumbai, just 5 km from Eastern Express Highway, with strong train, bus and cab connectivity for daily commuting.
  • Home to Peninsula Corporate Park and several leading MNC offices, making it one of Mumbai's premier corporate and business addresses.
  • Housing supply includes 2, 3 and 4 BHK high-rise apartments and premium penthouses, largely redeveloped from former textile mill land.
  • Rated safe with no major crime records reported, functioning streetlights and regular police patrols in most areas.
  • Well-developed social infrastructure with malls (Phoenix Palladium, Grand Galleria), hospitals, schools, banks and a lively restaurant and nightlife scene.
What needs attention
  • Senapati Bapat Marg and surrounding roads see heavy traffic congestion, with narrow roads and inadequate parking causing gridlocks at peak hours.
  • The locality faces waterlogging after heavy monsoon spells, and prime Mumbai localities including this one saw a reported 10% water cut in mid-2026.
  • Property prices are among the highest in Mumbai, making it far less affordable than nearby Parel East, Naigaon or Dadar East.
  • Green spaces are scarce amid dense high-rise development, with only small pockets such as the BMC Garden offering walking areas.
  • A 2017 fire at the redeveloped Kamala Mills compound killed 14 people, exposing gaps in fire-safety compliance and illegal construction at converted mill properties.
Distances from key landmarks
  • Eastern Express Highway 5 km
  • Prabhadevi Railway Station (Western Line) 1.5 km
  • Lower Parel Railway Station (Western Line) 0 km
  • Phoenix Palladium Mall 0.2 km
Connectivity

Lower Parel has its own station (PL) on the Western Line, with Prabhadevi and Mahalaxmi stations nearby and a Lower Parel Monorail stop on NM Joshi Marg. Major arterials Tulsi Pipe Road, NM Joshi Marg and Senapati Bapat Marg link it to Worli, Dadar and South Mumbai, while the Eastern Express Highway is about 5 km away.

The reopened Delisle Road bridge (November 2023) improved east-west access after five years of closure. The upcoming Metro Line 3 is expected to add a faster route to Bandra-Kurla Complex and South Mumbai, though peak-hour road congestion remains a persistent challenge.

Education

Higher-education and specialised institutions in the wider vicinity include R.A. Podar Ayurved Medical College, Seth GS Medical College, Mumbai Veterinary College and M.D.

College of Arts, Science and Commerce, giving residents access to a range of schooling and college options nearby.

Institutions & Industries

Once part of Mumbai's mill belt with dozens of textile units such as Phoenix Mills, Kamala Mills, Lower Parel Mills, Bombay Dyeing, Sitaram Mills and India United Mills, the locality has been reimagined since the 1990s into an office and services hub.

Peninsula Corporate Park, the Kamala Mills Compound and Marathon-branded office towers now house blue-chip companies, media and broadcasting offices, advertising agencies and financial-services firms, with Phoenix Mills' High Street Phoenix anchoring a mixed-use commercial precinct built on former mill land.

Tourism

Lower Parel's main draw is its industrial heritage repurposed for leisure: mill compounds like Todi Mill, part of the century-old Mathuradas Mill Compound, retain original cast-iron structures, Burma-teak beams and tiled roofs from the early 1900s, now housing eateries and cultural venues.

The area borders Worli's sea-facing promenade and lies close to the Mahalaxmi Temple, Haji Ali Dargah and Mahalaxmi Racecourse in adjoining neighbourhoods, though Lower Parel itself functions primarily as a commercial-residential precinct rather than a standalone tourist destination.

Entertainment

Beyond its commercial offices, Lower Parel has turned into one of Mumbai's leading nightlife and dining hubs, with fine-dining restaurants, pubs and bars clustered around the Todi Mill and Mathuradas Mill compounds and Kamala Mills, including long-running venues like Blue Frog and Cafe Zoe.

Infrastructure

Lower Parel is served by the Western Railway line and Mumbai Monorail, with the long-closed Delisle Road bridge reopening fully in November 2023 after pandemic-related delays. Much of the area's modern infrastructure sits on redeveloped mill land, with ongoing projects converting old mill compounds into office towers and residences.

A December 2017 fire at Kamala Mills that killed 14 people exposed weaknesses in fire-safety enforcement and illegal rooftop construction, and parts of Mumbai including this locality reported a 10% water cut in mid-2026.

Active listings in Lower Parel

Frequently asked

How many properties are listed for sale in Lower Parel, Mumbai?
There are currently 3 properties listed for sale in Lower Parel, Mumbai on Realty of India. Listings are updated in real time as brokers post, edit, or close their inventory.
Are ROI Verified brokers active in Lower Parel, Mumbai?
No ROI Verified broker listings in Lower Parel, Mumbai yet. Independent market brokers are live; you can also filter for ROI Verified inventory site-wide.
How does the Rishta Engine match buyers and properties?
You tell us what you want — BHK, locality, budget, timeline. The Rishta Engine watches every new listing across the network and pairs you with the right matches, not 14,000 listings. Posting a buyer profile takes 60 seconds; matches arrive via WhatsApp the moment a property lists. Your phone number stays masked from brokers until you choose to reveal it.
Are there any fees to browse Lower Parel, Mumbai?
No — browsing properties, posting buyer requirements, and getting paired with three best-fit matches are always free for seekers. No subscriptions, no contact-credit packs, no paywalls. Brokers pay separately if they apply for ROI Verified status.
Why does RERA registration matter when buying property in India?
RERA is the Real Estate Regulatory Authority — every project above a small threshold must register with the state RERA portal, and the registration ID is publicly verifiable. Buying a RERA-registered property gives you statutory protection on possession date, project specs, and refund timelines if the builder defaults. Every listing on Realty of India shows the RERA pill linked to the state portal so you can verify independently.
How much is stamp duty when I buy a flat in India?
Stamp duty rates vary by state — Maharashtra charges ~5–6%, Karnataka ~5%, Delhi 4–6%, depending on whether the buyer is male/female/joint. Registration charges add another ~1%. Use the in-built Stamp Duty calculator on Realty of India for the exact rate for your city and buyer profile.
Can I get a home loan on properties I find through Realty of India?
Yes. Listings carry the documents most lenders need to underwrite — RERA ID where applicable, OC (Occupancy Certificate) status, society approval, and clear title chain. Banks and NBFCs (HDFC, SBI, ICICI, LIC HFL, Bajaj Finserv) lend up to 80–90% of property value depending on your eligibility. The EMI calculator on Realty of India estimates your monthly payment.
What is the difference between ready-to-move, under-construction, and new launch?
Ready-to-move means OC has been received and you can move in immediately — lower risk, no GST. Under-construction means the project is mid-build with a possession date — typically 12–18% cheaper than ready-to-move but you pay GST and bear delay risk. New launch is fresh inventory at the project's launch price — earliest entry, longest wait. ROI shows construction status on every listing card.