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2 BHK apartment in central Parel, 806 sqft at ₹3.25 Cr (₹40,323/sqft).

  • 2 BHK apartment, 806 sqft carpet area
  • ₹3.25 Cr — ₹40,323 per sqft
  • Prime Parel locality with good connectivity
  • Ready for residential or investment consideration
Refreshed · 14 hours ago

Property details

Configuration

Property type
Apartment
Project category
residential

Area & dimensions

Carpet area
806 sqft
Per sqft
₹40,323

About this listing

2 BHK apartment for sale in Parel, Mumbai with 806 sqft carpet area. Located in a gated community tower with sea view, this property offers excellent connectivity just 5 minutes from Atal Setu. The prime Parel location provides easy access to major business districts, shopping, and dining options.

Last updated · 14 hours ago · Posted by Pratham Dixit

Location

Parel, Mumbai

Living in Parel

Parel is a former Girangaon textile-mill locality in central Mumbai that has redeveloped into a premium high-rise residential and commercial address, served by Parel and neighbouring Lower Parel railway stations, the Eastern Freeway and Metro Line 3.

It is also home to one of the city's largest public-hospital and biomedical-research clusters (KEM Hospital, Tata Memorial Hospital, Wadia Hospitals, Haffkine Institute), making it as much a healthcare/institutional hub as a residential one.

👍 What's great here
  • Excellent multi-modal transit: Parel station (Central Line) sits beside Lower Parel (Western Line) with a footbridge to Prabhadevi, plus nearby Eastern Freeway access and Metro Line 3 (Acharya Atre Chowk) linking toward BKC.
  • One of Mumbai's largest public-healthcare and biomedical-research clusters: KEM Hospital, Tata Memorial Hospital (Asia's largest cancer hospital), Wadia Hospitals, Haffkine Institute and ICMR's NIRRH are all based here.
  • Mill lands have been redeveloped into high-rise residences and Grade-A office space, turning the former Girangaon textile belt into a recognised business district.
  • Reputed schools within the locality include JBCN International School, Dr Shirodkar High School and R M Bhatt High School & Junior College, plus the historic Mumbai Veterinary College (est. 1886).
  • High Street Phoenix/Palladium Mall, one of India's largest malls with a PVR multiplex, is minutes away in adjoining Lower Parel, extending Parel's retail and entertainment options.
  • Long-term price resilience: average rates have risen roughly 17% over five years, reflecting sustained end-user and investor demand despite Parel's already-premium pricing.
👎 What needs attention
  • Among Mumbai's costliest micro-markets at roughly Rs 44,000-46,000 per sq ft; price growth has slowed to about 1.9% in the last year, versus a 17%+ rise over the past five years.
  • Zakaria Bunder Road sees heavy congestion, and constant noise from nearby local trains can be overwhelming during peak hours.
  • Historically a mill-workers' and middle-income locality, Parel still mixes older chawl-style housing with new luxury towers, so infrastructure quality varies across micro-pockets.
  • Low-lying stretches of the wider Parel-Worli corridor are prone to monsoon flooding; the adjacent Acharya Atre Chowk metro station was flooded by rainwater seepage in May 2025.
📍 Distances from key landmarks
Dadar Junction railway station 1.2 km
Lower Parel railway station 1.6 km
Acharya Atre Chowk Metro Station (Line 3) 2.5 km
Bandra Kurla Complex (BKC) 7 km
Chhatrapati Shivaji Maharaj Terminus (CSMT) 7.5 km
Chhatrapati Shivaji Maharaj International Airport 10.5 km
Connectivity

Parel station (Central Line) sits beside Lower Parel station (Western Line, ~1.6km), linked by a footbridge to Prabhadevi, with Currey Road one stop south and Dadar Junction one stop north (~1.2km). The Mumbai Monorail's nearest station is at Lower Parel, and the Eastern Freeway corridor lies close by for road access toward South Mumbai and Chembur.

Metro Line 3's Acharya Atre Chowk station (~2.5km) extends reach toward Bandra-Kurla Complex. Narrow internal roads still see heavy peak-hour congestion.

Education

Parel's education base leans institutional: JBCN International School (IB/IGCSE, Parel East), Dr Shirodkar High School and R M Bhatt High School & Junior College serve local families, while the Mumbai (Bombay) Veterinary College, established in 1886, sits on a large campus here. KEM Hospital's Seth G.S.

Medical College trains about 2,000 undergraduate, postgraduate and super-specialty students. Larger university campuses (Matunga, Dadar, Mahim) are a short drive away, but Parel itself is better known for medical than general higher education.

Institutions & Industries

Once the heart of Girangaon's textile-mill economy, Parel has, 'gradually evolved into a business district, as most mills have been replaced by commercial office spaces and high-rise residential development.' It is also a major public-healthcare and biomedical-research hub: KEM Hospital, Tata Memorial Hospital (Asia's largest cancer centre), Wadia Hospitals, Haffkine Institute (vaccine research since 1899) and ICMR's NIRRH are based here, with Lower Parel's Grade-A offices extending the commercial base.

Tourism

Parel's appeal is heritage rather than mainstream sightseeing: the Parel Relief ('Parel Shiva'), a 5th-6th century Gupta-era monolithic sculpture worshipped at the Baradevi Temple, has been an ASI-protected monument since 1985. The locality borders Lalbaug, home to Lalbaugcha Raja, the Ganesh Chaturthi idol that draws over a million devotees annually.

Colonial-era institutional buildings, such as Haffkine Institute's former Government House, add architectural interest, but Parel is not a standalone tourist circuit.

Entertainment

Entertainment within Parel itself is modest and centred on local markets and eateries.

The bulk of the area's malls, multiplexes and dining/nightlife are a few minutes away in adjoining Lower Parel, notably High Street Phoenix and Palladium Mall (one of India's largest malls, with a PVR multiplex), effectively extending Parel residents' entertainment options next door.

Infrastructure

Parel hosts the BMC's F/South ward headquarters at Parel Naka. Redevelopment of former mill compounds is steadily replacing low-rise industrial sheds with high-rise residential and office towers, upgrading local roads, water and power infrastructure project by project.

The area's Parel TT flyover (built 1980) is undergoing phased BMC repairs. Older mill-worker chawl clusters and narrow lanes still sit alongside new towers, and low-lying pockets face monsoon waterlogging typical of central Mumbai.

Explore Parel — listings, price trends & more →

Project & building

Project category
residential
Posted on Realty of India
Listed 14 hours ago
#2405

Questions about this listing

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Frequently asked questions

What is the price of 2 BHK Apartment for sale in Parel, Mumbai?

₹ 3.25 Cr. That's ₹ 40,323/sqft for 806 sqft carpet area.

When is possession of this property?

Possession: Ready to move.

What is the carpet area of this 2 BHK in Parel?

806 sqft carpet area. Price works out to ₹40,323 per sqft.

Is this property ready to move in?

No, this is not ready-to-move apartment. Recently launched

What's the price per sqft for this Parel apartment?

₹40,323 per sqft. Total price is ₹3.25 crore for 806 sqft carpet area.

Is this good for investment or owner-stay in Parel?

Central Parel location offers both investment and owner-stay potential. Good connectivity and ready status reduce risk.

6 questions · answered from this listing's details
Source Listed on Realty of India · 14 hours ago