High-street shop near Phoenix Mills, Lower Parel

Lower Parel, Mumbai

₹6.8 Cr₹54,400/sq ft on 1,250 sq ft built-up

EMI from ₹4,72,096/month at 8.5% for 20 years, 80% loan

₹54,400/sq ft · about 269% above the median of 22 commercial spaces for sale in Mumbai

Medians of asking prices on this site, measured on built-up area. Asking prices, not sale prices or a valuation. Lower Parel has too few comparable listings, so this compares with Mumbai as a whole.

1,250 sq ft built-up
Ready to move
Ground floor
Unfurnished
2 baths

Confirmed available 58 days ago

Listed by Kalpataru

Location

Lower Parel, MumbaiPincode 400013

Senapati Bapat Marg, opposite Phoenix Mills, Lower Parel, Mumbai 400013About 2.5 km from Mumbai centre

Approximate area. The circle covers roughly 500 m; the exact address is not shown. The pincode is a postal zone, not a locality.

About this property

High-street shop near Phoenix Mills, Lower Parel. Carpet area works out to about 900 sqft against 1250 sqft built-up. Sold bare shell, so you can fit it out to your own taste. Available to move into straight away. The society sits in Lower Parel, with the nearest station and the expressway both within a short drive.

Configuration

Commercial

Area

1,250 sq ft

Bathrooms

Furnishing

Unfurnished

Age

5–10 years

Floor

Ground

Amenities

Lift
Covered parking
Security
Swimming pool
Clubhouse
Rainwater harvesting
Visitor parking

Price and costs

Medians of asking prices on this site for commercial spaces for sale, measured on built-up area. Not a valuation.

This listing₹54,400/sq ft

Median of 22 in Mumbai₹14,749/sq ft

Lower Parel has too few comparable listings, so this compares with Mumbai as a whole.

Is this price fair?

Anonymous. Only the totals are ever shown.

Price changes

26 Aug 2026Reduced from ₹7 Cr₹6.8 Cr−₹20.4 L

18 May 2026Reduced from ₹7.34 Cr₹7 Cr−₹34 L

17 Feb 2026Listed₹7.34 CrFirst recorded

Price reduced from ₹7 Cr on 26 Aug 2026. Down ₹54.4 L since 17 Feb 2026.

What you will actually pay

Indicative figures. Your lawyer and bank will confirm the exact amounts.

Asking price₹6.8 Cr

Stamp duty (Maharashtra, 6% general rate)₹40.8 L

Registration (1%, capped at ₹30,000)₹30,000

Legal and paperwork (allowance)₹25,000

Total to close₹7.21 Cr

Cash up front (20% down + charges)₹1.77 Cr

A woman buyer pays 5% stamp duty in Maharashtra.

Stamp duty from Department of Registration and Stamps, Maharashtra (IGR Maharashtra), checked 23 Sep 2026. Charged on the higher of the price and the government value. EMI assumes 80% funding at 8.5% over 20 years: ₹4,72,096 a month.

More in Lower Parel: all listings · Mumbai rates per sq ft · Mumbai property market