Why Choose Lower Parel or Prabhadevi to Buy Your Dream Home?

April 8, 2024 | Indextapadmin

Are you considering making SoBo your new home? 

IndexTap presents two prominent neighborhoods in South Bombay for you to consider - Lower Parel and Prabhadevi. Both are lively residential areas with unique selling points. Let’s briefly compare these two vibrant communities, taking into account the peculiarities of each one and the real estate markets there. 

Infrastructure Comparison - Lower Parel Vs Prabhadevi

Prominent South Bombay neighborhoods Lower Parel, as well as Prabhadevi, are quite famous for their skyscrapers-filled skyline offering breathtaking views of the Arabian Sea. These places not only provide you with opulent residential spaces but also house premium office buildings that serve the needs of professionals wanting to locate themselves at prime locations for their companies.

High Street Phoenix is a famous shopping mall in Lower Parel which boasts luxury brands, entertainment facilities, and several dining outlets. Everything revolves around this place when it comes to your leisure activities. In contrast, historical and religious sites like Siddhivinayak temple in Prabhadevi have endeared it to people over time – millions of devotees take refuge here seeking faith and spirituality. Then again, Shivaji Park is another area where life never stops moving; it is a vast area full of traditions and history for such pastimes as cricketing among others.

Essentially, Lower Parel has a shine of cosmopolitanism and an abundance of amenities whereas Prabhadevi manifests its charm rooted in spirituality and culture. It is thus always about finding what suits you better.

Location Advantage

Both Lower Parel and Prabhadevi offer exceptional accessibility and strategic advantages due to their prime locations in Mumbai. 

Lower Parel wins accolades for its rail and road connectivity. Moreover, it is well connected to localities like Worli, Mahalaxmi, Nariman Point, etc., and traveling to the International airport doesn’t take more than 20 minutes on average from here. 

Similarly, one can reach any place in Mumbai quite easily from Prabhadevi which is located at the center of the city. Thus the locality’s strategic position ensures minimum time wastage during travel hence making your commuting easy.

Property Rates in Lower Parel and Prabhadevi in 2024

Now, are you curious about the price trends in these two residential hotspots? Let's explore how these neighborhoods are faring in terms of real estate values that will help you make an informed decision. 

Despite the escalating prices, there has been a growing demand for flats in Lower Parel. A 2-BHK apartment would cost you about 4 crores, while opting for a 3-BHK apartment may cost you around 6 crores. In Prabhadevi, the average cost of a 2-BHK property is approximately 3.5 crores, and a larger 3-BHK unit may cost 6.5 crores. Selecting the community that best suits your home needs requires balancing these considerations against your tastes and budget. 

Top Residential Buildings in Lower Parel and Prabhadevi

And now, if you have decided which neighborhood to choose, we're here to assist you with a selection of the finest projects in both areas. These projects combine luxury, convenience, and modern living to give you an unmatched residential experience. 

Lower Parel

Mumbai's top real estate developers have built numerous residential and business complexes in this neighborhood. With excellent road and rail connectivity, commuting becomes effortless for you. If you are looking for a property in lower Parel, you can consider Lodha World Tower, Indiabulls Sky, Arihant Towers, Ashford Casa Grande, Lalitambika Akshay, and Runwal Reserve. Lower Parel, one of the most sought-after neighborhoods in the city, never fails to draw in residents looking for a lifestyle that combines elegance, convenience, and connectivity.

Prabhadevi

Situated close to the sea, Prabhadevi is a compact yet highly esteemed locality renowned for its exceptional residential projects. With swift access to Mumbai, seamless communication via highways, and breathtaking views of the sea, this bustling locale emerges as a residential hotspot. If you are looking for flats for sale in Prabhadevi in Mumbai, we recommend projects like Rustomjee Crown, Hubtown 25 South, Ahuja Towers, Eon One, and Lodha Altamount for a luxurious residential experience.

Conclusion 

When it comes to real estate in Mumbai, both Lower Parel and Prabhadevi stand out as premiere destinations for residential living. If you are looking for a lively urban lifestyle, Lower Parel is a great option because of its cosmopolitan appeal, first-rate commercial districts, and luxurious amenities. Yet, Prabhadevi, with its spiritual sites, diverse culture, and good connectivity, creates a more serene atmosphere. Therefore, you are likely to find your ideal home in one of these energetic Mumbai areas, whether you're drawn to the calm appeal of Prabhadevi or the bustling energy of Lower Parel.

Thank you for joining us on this exploration of Lower Parel and Prabhadevi. Keep exploring and let IndexTap help you find your perfect home with just a few taps.