Parel is a south Mumbai neighbourhood divided into Parel and Lower Parel by the Mumbai Suburban Railway Network. The area is surrounded by Dadar, Mahalaxmi, Worli and other neighbourhoods. It used to be a hub for cotton mills, but later the area is a hotspot for other commercial and residential developments.
Parel is linked to the rest of the city via the Parel Railway Station, which is a part of the Central Line in the Mumbai Suburban Railway Network. A footbridge allows passengers to cross over to the Lower Parel Railway Station which is under the western line.
The main thoroughfares of the area include the MM Joshi Marg, Elphinstone Road and the Eastern Freeway. The Mumbai Central Railway Station is 4.6 kilometres away via the Sane Guruji Marg while the Chhatrapati Shivaji International Airport is 13.8 kilometres from here along the Senapati Bapat Marg and NH8. BEST buses and autos are the other modes of transport that can be availed from here.
Real Estate in Parel
Property in Parel is much in demand for its proximity to the business hubs of south Mumbai as well as the Bandra Kurla Complex. The price of property here is one of the highest in Mumbai. The defunct cotton mills have given way to the development of several gated communities. The configurations available here are 1, 2, 3, 4 and 5BHK as well as duplexes, condominiums and penthouses.
Parel has numerous reputed educational institutes, hospitals, banks and shopping malls located in its vicinity that make the lives of residents comfortable. JBCN International School, Orchids The International School, Mahatma Phule Technical School and Parel English School are some of the schools situated here. Hospitals in the vicinity include Wadia Hospital, Tata Memorial Centre, KEM or Municipality Hospital and MGM or ESI Hospital. Bank such as State Bank of India, Bank of Maharasthra, Bank of India and HDFC Bank have their branches in Parel.