Projects Under 5 Crore in Parel
Explore 10 projects under ₹5 Crore in Parel, Mumbai. Based on source-listed unit asking prices. Compare projects, floor plans and possession dates.
10 projects found
Market overview
- Price range: ₹1.39 Cr to ₹8.84 Cr (developer-listed, 10 projects, 9 developers)
- Carpet area: 312 to 1,692 sq ft
- Rate: ₹33,400 to ₹59,000 per sq ft on carpet area
- Possession: 2024 to 2034
Source-listed developer prices as on 14 Oct 2026; verify on each project page and the MahaRERA record.
Top 8 picks: Projects Under 5 Crore in Parel
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.
Adi Darsshan Adi Darsshan by Promesa Realty, N M Joshi Marg: 1 BHK 396 to 414 sq ft carpet, ₹1.78 Cr to ₹1.86 Cr, possession Dec 2026, MahaRERA P51900047289.
Lodha Vista Lodha Vista by Lodha Group, Opposite Phoenix Mall: 2 to 3 BHK 680 to 1,470 sq ft carpet, ₹4.42 Cr to ₹8.84 Cr, ready for possession, MahaRERA P51900022245.
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.
Gundecha KBK Magnum Heights Gundecha KBK Magnum Heights by Gundecha Builders, Parel: 2 to 3 BHK 822 to 1,209 sq ft carpet, ₹2 Cr to ₹2.94 Cr, possession Dec 2027, MahaRERA P51900034493.
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.
Pearl Heights Pearl Heights by Pattathu Brothers, Parel: 1 BHK 312 to 456 sq ft carpet, ₹1.39 Cr to ₹2.05 Cr, ready for possession, MahaRERA P51900030972.
S3 Epitome S3 Epitome by S3 Group, Lower Parel: 1 to 2 BHK 414 to 587 sq ft carpet, ₹1.86 Cr to ₹2.64 Cr, possession Dec 2028, MahaRERA P51900055535.
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 Projects Under 5 Crore in Parel?
Developer-listed prices for Projects Under 5 Crore in Parel currently run from ₹1.39 Cr to ₹8.84 Cr across 10 projects from 9 developers, which works out to ₹33,400 to ₹59,000 per sq ft on carpet area.
What carpet areas are on offer in Projects Under 5 Crore in Parel?
Carpet areas listed by developers range from 312 to 1,692 sq ft.
When is possession for Projects Under 5 Crore in Parel?
Declared possession dates run from 2024 to 2034; each project page shows its MahaRERA-filed date and construction progress.
How many projects are in Parel?
There are currently 10 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.
