Mixed-use · 400013
Lower Parel
Mumbai's mill-land turned mixed-use district.
Market overview
The transformation of the Phoenix, Kamala and Todi mill compounds turned Lower Parel into the city's densest mixed-use district — Grade A offices, malls, F&B, five-star hotels and Kalpataru/Lodha's premium residential towers within a 1-km radius.
- Avg. office rent
- ₹235 /sq ft/mo
- Residential capital
- ₹55–85 K /sq ft
- Office vacancy
- 9.1%
- Retail spend
- Top-3 in city
Best for · Mid-size office HQs · Mall-facing retail · Founder-family residential
Infrastructure & connectivity
Getting in and out.
Metro
Line 3 (Aqua) — Worli/Acharya Atre Chowk stations
Rail
Lower Parel & Prabhadevi WR
Airport
18 km / 40 min to CSMIA
Roads
Coastal Road, Senapati Bapat Marg
Rental yield
Income potential.
3.0–3.8% residential · 6.8–7.5% office
Gross rental yield range across our transactions in Lower Parel — actual returns depend on tower, floor and finish quality.
Price trend
Capital & rental trajectory.
Capital value (₹ /sq ft)
₹48,000 → ₹67,322
FY2021 → FY2026
Lifestyle & ecosystem
What surrounds you.
- Phoenix Palladium, Kamala Mills, Todi Mills
- St. Regis, Four Seasons, ITC Grand Central
- Blue Tokai, KOKO, Masque, Yauatcha F&B
- Podar International, Hill Spring International
Developers active here
Curated listings
Live inventory in Lower Parel.
“For office tenants, the game is warm-shell inventory in the 5,000–15,000 sq ft band — it turns over faster than any other Mumbai micro-market. We track it weekly.”
Nearby micro-markets