Flats for Sale under ₹1.5 Crore in Parel, Mumbai

A: The listings include apartments, gated community flats, and compact homes from reputed developers such as Landmark Group, Samcon Builders, Omkar Realtors, Ruparel Realty, . Options range from entry-level units to feature-rich residential towers.

A: Yes, Parel offers several ready-to-move properties under ₹1.5 Crore like Landmark Bombayone and similar completed projects, ideal for buyers seeking immediate possession without construction delays.

A: Parel has multiple new launches within this budget, offering modern layouts and early-buyer benefits. These projects often come with competitive pricing, construction-linked plans, and introductory offers.

A: Flats under ₹1.5 Crore in Parel typically have built-up areas ranging from 374 sq.ft to 992 sq.ft, depending on the developer, design, and location within the micro-market.

A: Common amenities in this segment include 24/7 security, power backup, elevators, children's play areas, parking, and basic recreational facilities. Some projects may offer clubhouses, gyms, or landscaped gardens.

A: Parel is a strong choice for both end-use and investment due to its connectivity to tech parks, planned infrastructure, and consistent demand from professionals working in nearby IT corridors.

A: Yes, many trusted names like Rupji Constructions, Sanaya Realties, Rubberwala Housing Infrastructure, Sitesh Developers, have active or completed projects in this budget segment, ensuring reliable construction and timely possession.

A: Most national and private banks, including SBI, HDFC, ICICI, and Axis Bank, offer home loans for properties in this budget, subject to your income and credit profile. Loan tenure and EMIs vary accordingly.

A: The average price per sq.ft in Parel is around ₹24335, with variations between ₹12795 to ₹36632 based on project specifications, amenities, location, and construction stage.

A: Rental income in Parel ranges from ₹10,000 to ₹25,000/month depending on flat size, furnishing status, and proximity to tech zones, with average rental yields of around 3–4%.

A: Most developers follow RERA norms, and many projects in this segment are RERA-registered. This ensures legal compliance, construction transparency, and protection for buyers.

A: Parel enjoys robust connectivity via BMTC buses, major roads like Parel Main Road and Outer Ring Road, and ongoing metro rail expansions, making daily commuting more convenient.