Lower Parel is one of Mumbai’s most posh commercial and residential localities. Skyrocketing development has boosted the demand for property in Lower Parel to a huge extent. Several builders like Indiabulls, Properties, Rohan Lifescapes, Corporation, Group, JP Infra and Group dominate the Lower Parel property market. The entire gambit of al estate in Lower Parel include residential apartments that are usually priced between INR 20, 000 and 35, 000 per sq. ft. on an average. The locality is home to the ITC Grand Central hotel and is dotted with luxury commercial and residential skyscrapers, restaurants, pubs and offices of several leading companies. The locality offers great connectivity to several areas like Prabhadevi, Dadar East, Mahalakshmi, Ghodapdeo and Worli.
The locality is well linked to several important roads like the Bridge, Annie Besant Road, Elphinstone Flyover and N M Joshi Marg among others. The railway station is the connectivity lifeline of the area along with BEST buses. The Central railway station lies approximately 4.2 kilometres away from the locality while the Chhatrapati Shivaji International Airport lies around 21 minutes away from it. The latter can be accessed easily through the Western Highway which runs near the locality. The upcoming Mumbai metro network will also boost connectivity further in the area.
The area is home to several reputed educational institutions including the School, Helen Keller Institute, N M Joshi Hospital, Dr. TK Tope Arts and Commerce Senior Night College and the WLCI College. Leading hospitals in the area include the Municipality Hospital, Rotunda Blue Fertility Clinic, Dr Mahaska Hospital and the I.P.C. Heart Care Centre. The area is also home to several leading banks including the Indian Overseas Bank, Janata i Bank, ICICI Bank, Bank of Maharashtra, Ajara Urban Co Operative and Limited and numerous others. There are several premium shopping centres in the area including the Mall, Veer Mahal, Zara, Hi Tech Fashion, Palladium Mall and High Street Phoenix. The area is a hub for shoppers and offers unlimited options across a wide variety of product segments.
