For those seeking a property in South Mumbai that seamlessly integrates commercial spaces, coupled with a vibrant social atmosphere, Lower Parel emerges as the ideal destination for your next home search. Nestled strategically in the heart of Mumbai, Lower Parel has garnered significant attention due to its central location and the presence of numerous Indian and international companies. This prime locality has evolved into a coveted choice for individuals in pursuit of luxurious homes in Mumbai, offering the added convenience of proximity to their workplace.
Explore the opportunities for commercial spaces in Lower Parel at FloorTap.com and become a part of this thriving real estate landscape.
Connectivity
The majority of commercial projects in Lower Parel boast excellent connectivity through both road and rail networks. Lower Parel enjoys seamless accessibility from neighboring areas like Worli, Mahalakshmi, Nariman Point, among others. Moreover, the international airport is conveniently reachable with just a 20-minute drive, enhancing the overall accessibility and convenience of Lower Parel.
Let us look at the data about lease and sale rate of spaces in FloorTap
| Stock (mn sqft) | Leasing (Last 12 months)(mn sqft) | Sale (Last 12 months) (mn sqft) |
| 9.672 | 1.13617185 | 0.1600990525 |
| in sqft | ||
| 9672086 | 1136171.85 | 160099.0525 |
Key Reasons to Choose Lower Parel
Lower Parel boasts an array of amenities in its vicinity, including upscale shopping destinations like Phoenix Mall and Palladium, featuring renowned international brands. The area is home to prestigious hotels such as Four Seasons and St Regis, adding a touch of luxury to the locale. For those seeking entertainment, the vibrant clubs and renowned restaurants in Kamala Mills present a delightful experience, making Lower Parel a captivating destination for residents and visitors alike.
Check out the list of the top #5 reputed tenants.
| Top 5 Tenants | |
| Tenants | Current Rental (Chargeable) (Rs/sqft) |
| Nihilent | 393.2 |
| BC Education | 380 |
| Quinn Facility Management Services | 257 |
| Bharat Re-Insurance Brokers | 248.9 |
| Bharat Re-Insurance Brokers | 248.9 |
Price Trends in Lower Parel
The real estate landscape in Lower Parel reflects dynamic and evolving price trends, making it a noteworthy market for property enthusiasts. Over the past few years, Lower Parel has witnessed a significant appreciation in property values, attributed to its strategic location, connectivity, and the integration of commercial spaces. The presence of upscale amenities, including luxury malls, premium hotels, and vibrant entertainment options, contributes to the area’s allure, influencing the demand and subsequent pricing trends. As a result, Lower Parel stands as a compelling investment choice, showcasing a blend of convenience, sophistication, and potential for capital appreciation in the ever-evolving Mumbai real estate market.
| Top 3 Most Expensive Buildings | |
| Building | Current Rental (Chargeable) (Rs/sqft) |
| Lodha Supremus (Lower Parel) | 393.2 |
| Urmi Estate | 380 |
| One Lodha Place | 257 |
Have a look at the data of the latest space occupied by a top brand for lease and Sale .
| Latest Office Leasing | Latest Office Sale | ||||||
| Date | Brand Name | Building | Current Rental (Chargeable) (Rs/sqft) | Date | Purchaser | Building | Price (Chargeable) (Rs/sqft) |
| 01-Dec-2023 | TCM Sports Management | One Lodha Place | 189.9 | 26-Oct-23 | Atul Sons Logistics | One Lodha Plac | 36050 |
Recommended Commercials Properties in Lower Parel
Lower Parel, stands as a prime example of the excellent choices available for Offices and investors seeking well-developed connectivity and social infrastructure. Some highly recommended spaces in lower parel are Lodha Supremus, One Lodha Place,Matulya Center, and many more
The dynamic blend of commercial projects, along with the presence of renowned establishments, makes Lower Parel a compelling destination. FloorTap, further enhances the appeal for those considering a commercial property investment, combining strategic location and upscale amenities for a promising real estate prospect.
