Parsi Colony, Mumbai

About

Overview of Parsi Colony, Mumbai

Location and Connectivity

The Parsi Colony is found in Dadar East, Mumbai, an area that stands out for its great connectivity to major city landmarks. This place is right near essential services like schools (such as The J.B. Vachha Girls High School) and hospitals (like Pai Hospital). This makes it a smart pick for families.

Property Prices
  • Properties in Parsi Colony start at ₹30,000 per sqft.
  • On average, prices come in at Rs. 45,594 per sqft.
  • But if you’re looking for something fancy, top-end homes go for up to Rs. 60,827 per sqft.
Year-on-Year Price Trends
  • Property prices have risen a lot this past year, with a huge 27.72% increase. This points to a solid and profitable market for both those selling and buying properties.
Types of Properties Available
  • On Sale:
    • Properties here vary from affordable to high-end luxury.
    • Half of the properties are priced between ₹40 Lac and ₹60 Lac, while another chunk costs between ₹20 Lac and ₹40 Lac.
  • To Rent:
    • Flats here come in varying sizes: 1 BHK, 2 BHK, and 3 BHK.
    • Rent for flats ranges, like a 1 BHK flat costs Rs. 1.75 Lakhs, while a 3 BHK flat costs about Rs. 1.3 Lakhs monthly.
Amenities and Lifestyle
  • This place has lots of greenery around it and comes with numerous amenities.
  • Plus, it’s well-connected to schools, hospitals, and other important facilities that add to the quality of life here.
Popular Projects
  • Some of the best developments here are by major builders like Rustomjee known for their quality and amenities.
PropertyWala's Conclusion

Living in Parsi Colony, Dadar East, Mumbai, is a good choice for both buyers and renters. It’s strategically placed with strong connections and offers various types of properties. With a big jump in property prices each year, it’s seen as a smart investment. For those wanting a well-linked, richly-featured area, Parsi Colony offers great comfort and value. But remember, before making any choice, it’s good to really check market trends and prices.

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News

Parsi Punchayet Allows 1,900 Mumbai Families to Convert to Tenancy

Hindustan Times · · Residential

The Bombay Parsi Punchayet approved tenancy conversion for 1,900 families in 22 Mumbai housing colonies, replacing leave-and-licence agreements with stronger legal protections.

Key facts

The Bombay Parsi Punchayet (BPP) approved a proposal on June 10 allowing residents on leave-and-licence agreements to convert to tenancy under the Maharashtra Rent Control Act. It has received applications from 70 licensees. The change covers 1,900 families—nearly 40% of BPP’s housing stock across 22 of its 30 Mumbai baugs; eight other baugs belong to other Parsi trusts.

The policy addresses concerns that licensees are easier to remove and that fees vary widely. One resident reported charges of ₹500 to ₹12,000 for comparable homes in the same colony. Tenancy offers legal protections and transferability to heirs. A dissenting trustee argued the change could weaken the trust’s control over its properties and Parsi-only covenant, particularly if colonies are redeveloped. The BPP says the decision applies to residents previously placed on leave-and-licence agreements; the system became standard after the Maharashtra Rent Control Act took effect in 1999.

Redevelopment Enters Dadar Parsi Colony, While Its Character Endures

Indiatimes · · Residential

Redevelopment has slowly reached Dadar Parsi Colony, the residential enclave envisioned a century ago as a model neighbourhood for Parsi families.

Key facts

In the 1920s, municipal corporator and civil engineer Muncherji Edulji Joshi initiated a Dadar housing project for Parsi families, envisioning a model neighbourhood of two-storey buildings, large open spaces and gardens. A century later, redevelopment has slowly reached the verdant enclave known as Dadar Parsi Colony (DPC).

Five Gardens Audit Finds Major Accessibility Barriers

Hindustan Times · · Infrastructure

A disability audit found unusable ramps, uneven paths and other barriers at Mumbai’s Five Gardens, prompting calls for improvements that preserve its heritage character.

Key facts

Access to Hope co-founder Sanket Khadilkar and wheelchair user Jasmina Khanna presented findings from an audit of Five Gardens in Dadar Parsi Colony. Appointed by the Brihanmumbai Municipal Corporation (BMC) last September, the NGO assessed ramps, footpaths, obstructions, garden interiors and public toilets against the Harmonised Guidelines & Standards for Universal Accessibility in India, 2021.

The audit found no usable ramps, uneven basalt-stone footpaths, steep slopes exceeding the recommended 1:12 gradient, and obstructions including bus stops, tree guards, lamp posts, electric poles, signboards and hawkers. Garden interiors had grass, uprooted pavers and gravel; there were no disability-friendly play rides. Access to Hope will present its findings and proposed changes to the BMC.

Residents worry improvements could damage the neighbourhood’s Grade III heritage features. MEJCRA member Darayus Bacha supported ramps, smoother basalt, an eco-turf walking path and an accessible toilet, but opposed concrete, citing potential harm to trees and groundwater.

News items are reports published elsewhere, condensed; follow the link for the full report. PropertyWala.com is not their source.

Sale Properties

2BHK for sale in Hubtown Harmony, Matunga East, Mumbai
₹ 1.5 Cr

2BHK Flat for sale in Matunga East

₹ 1.5 Cr

  • Hubtown Harmony
  • Immediate
  • 375 SqFeet
  • ₹40,000/SqFeet

2 BHK Apartment / Flat

: Hubtown Harmony project is spread over nearly 1.17 acres of land. It consists of 2 towers of 17 floors each and total comprises of 99 units.
2BHK for sale in Sugee Paavan, Matunga East, Mumbai

2BHK Flat for sale in Matunga East

Apartment / Flat

: Sugee Paavan offers 1 and 2 within the size of ranges in between 66.33 Sq. mt and 77.0 Sq. mt with all the amenities.
3BHK for sale in Wadhwa Prestine, Matunga West, Mumbai
₹ 6 Cr

3BHK Flat for sale in Matunga West

₹ 6 Cr

  • Wadhwa Prestine
  • Immediate
  • 3,000 SqFeet
  • ₹20,000/SqFeet

Apartment / Flat

: Wadhwa Prestine is a residential project by The Wadhwa Group which offers 1 & 2 Bhk apartments available at Matunga West, Mumbai
2 Bedroom Apartment for sale in Xrbia Aashiyana, Vangani, Mumbai
₹ 80 L

2BHK Flat for sale in Vangani

₹ 80 L

  • Xrbia Aashiyana
  • Within 3 Years
  • 600 SqFeet
  • ₹13,333/SqFeet

Apartment / Flat

: Xrbia Developers presents Xrbia Aashiyana with 1 BHK apartments floor plan on affordable price in Vangani, Mumbai Beyond Thane.

Price Trends

Locality ID
A589411074
PinCode
400014