New Launch Projects in Parel Under ₹5 Crore
3 newly launched projects in Parel with a unit listed under ₹5 Crore: pre-launch and projects launched or MahaRERA-registered in the last 18 months.
3 projects found
Market overview
- Price range: ₹2.69 Cr to ₹7.30 Cr (developer-listed, 3 projects, 3 developers)
- Carpet area: 702 to 1,692 sq ft
- Rate: ₹38,300 to ₹53,100 per sq ft on carpet area
- Possession: 2028 to 2034
Source-listed developer prices as on 14 Oct 2026; verify on each project page and the MahaRERA record.
Top 3 picks: New Launch Projects in Parel Under ₹5 Crore
Sattva Sumera Sattva Sumera by Sattva Group, Jerbai Wadia Rd: 2 to 3 BHK 760 to 1,507 sq ft carpet, ₹3.25 Cr to ₹6.34 Cr, possession Dec 2031, MahaRERA PM1170002502568.
Promesa Fremont Promesa Fremont by Promesa Realty, Parel: 2 to 4 BHK 702 to 1,692 sq ft carpet, ₹2.69 Cr to ₹7.30 Cr, possession 2028, MahaRERA P51900055088.
Sobha Inizio Sobha Inizio by Sobha Ltd, Parel: 2 to 3 BHK 847 to 1,224 sq ft carpet, ₹4.50 Cr to ₹6.50 Cr, possession Mar 2034, MahaRERA PR1170002501523.
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 New Launch Projects in Parel Under ₹5 Crore?
Developer-listed prices for New Launch Projects in Parel Under ₹5 Crore currently run from ₹2.69 Cr to ₹7.30 Cr across 3 projects from 3 developers, which works out to ₹38,300 to ₹53,100 per sq ft on carpet area.
What carpet areas are on offer in New Launch Projects in Parel Under ₹5 Crore?
Carpet areas listed by developers range from 702 to 1,692 sq ft.
When is possession for New Launch Projects in Parel Under ₹5 Crore?
Declared possession dates run from 2028 to 2034; 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.
