3 BHK Flats in Parel Under ₹5 Crore
3 new projects in Parel with a 3 BHK listed under ₹5 Crore by the developer. Compare carpet areas, possession dates and MahaRERA details.
3 projects found
Market overview
- Price range: ₹2.94 Cr to ₹6.34 Cr (developer-listed, 3 projects, 3 developers)
- Carpet area: 1,044 to 1,507 sq ft for 3 BHK
- Rate: ₹28,800 to ₹42,000 per sq ft on carpet area
- Possession: 2027 to 2031
Source-listed developer prices as on 14 Oct 2026; verify on each project page and the MahaRERA record.
Top 3 picks: 3 BHK Flats in Parel Under ₹5 Crore
Sattva Sumera Sattva Sumera by Sattva Group, Jerbai Wadia Rd: 3 BHK 1,118 to 1,507 sq ft carpet, ₹4.70 Cr to ₹6.34 Cr, possession Dec 2031, MahaRERA PM1170002502568.
Promesa Fremont Promesa Fremont by Promesa Realty, Parel: 3 BHK 1,044 sq ft carpet, ₹4.09 Cr, possession 2028, MahaRERA P51900055088.
Gundecha KBK Magnum Heights Gundecha KBK Magnum Heights by Gundecha Builders, Parel: 3 BHK 1,209 sq ft carpet, ₹2.94 Cr, possession Dec 2027, MahaRERA P51900034493.
News about Parel
- MahaRERA Directs L&T to Complete Pending Crescent Bay Repairs · 07 Sep 2026
- 8 Years After Possession, MahaRERA Orders Repairs at Crescent Bay Parel · 07 Sep 2026
- MahaRERA Orders L&T to Fix Defects at Crescent Bay Parel · 07 Sep 2026
- MHADA Amendment Clears Path for Redevelopment of 13,000 Old Mumbai Buildings · 11 Jul 2026
- Mumbai plans building-safety certificates for homes · 18 Jun 2026
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❓ Frequently Asked Questions
What is the price range for 3 BHK Flats in Parel Under ₹5 Crore?
Developer-listed prices for 3 BHK Flats in Parel Under ₹5 Crore currently run from ₹2.94 Cr to ₹6.34 Cr across 3 projects from 3 developers, which works out to ₹28,800 to ₹42,000 per sq ft on carpet area.
What carpet areas are on offer in 3 BHK Flats in Parel Under ₹5 Crore?
Carpet areas listed by developers range from 1,044 to 1,507 sq ft.
When is possession for 3 BHK Flats in Parel Under ₹5 Crore?
Declared possession dates run from 2027 to 2031; each project page shows its MahaRERA-filed date and construction progress.
How many projects are in Parel?
There are currently 3 active projects in Parel, Mumbai. Browse projects and source-declared RERA details on Mumbai Property Exchange.
What is the average rate in Parel?
The average property rate in Parel is approximately ₹52,225/sqft. Rates vary by builder, floor, and amenities.
Which areas are near Parel?
Popular nearby areas include Sewri, Lower Parel, Dadar East, Prabhadevi, Dadar West. These offer similar connectivity and price ranges.
