Any housing locality close to south Mumbai, has
become a raging choice of residence for Mumbaikars. Parel is no
exception. However, Parel stands out from the other residential areas
for its interesting mix of pocket-friendly rental accommodations on
offer, new housing options, amenities being provided, good connectivity
and an established social infrastructure. Naturally, people working in
nearby offices and commercial areas prefer to stay in the area. On the
flip side, the rental values are steadily rising, which interestingly
has not dampened people's preference. Ranjit Jha, proprietor at Jha and
Associates, says, “South Mumbai comprises of major business districts
where people from all parts of the city travel to, every day. In
comparison to other localities, Parel is an affordable option for the
residence. It is a well-known fact that properties across the city are
expensive. Considering these facts, home owners have very smartly raised
the rent value which is still reasonably priced comparably.“
As per MagicBricks.com research, over 60 per
cent localities in the city recorded a rise in rental values, wherein,
Parel registered the maximum rise in rentals. The rental value of a
2-BHK apartment in Parel, sized 600-1,000 sq ft, ranges between Rs
25,000-45,000 per month. The rental value of a 3-BHK apartment ranges
between Rs 40,00075,000, sized 1,200-2,000 sq ft. Many corporations have
moved their set ups to Bandra-Kurla Complex (BKC) and Lower Parel,
owing to the availability of quality facilities, secured parking,
round-the-clock safety and good maintenance. This has resulted in a
significant increase of buyer's demand for housing options in Parel.
Uday, a local resident says, “Parel is located in the heart of Mumbai
and is easily accessi ble from all points of the city. It has all the
characteristics of a cosmopolitan area. Wellnetworked through roads,
Parel also enjoys a developed social fabric, comprising of schools,
banks, ATM and hospitals.“
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About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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