Vile Parle, situated in Mumbai's western suburbs, is a lively locality renowned for its cultural heritage and educational institutions like Mithibai College and NMIMS University. In November 2023, Vile Parle witnessed 27 apartment transactions across 22 buildings, with resale transactions dominating the market. Moss Adhira, Anand Bhuvan Apartment, Sumit Gurukrishna, Nutan Jeevan CHSL, and Hetali Shivam CHS each closed 2 deals. Irene Building recorded the most expensive transaction at Rs. 11 Crores for 1612 sq ft. The most affordable option was in Aangan Apartment at Rs. 49 Lakhs. The average rate per sq ft in Vile Parle ranged from Rs. 16,000 to Rs. 68,300, with a weighted average of Rs. 30,000. Over 50% of flats sold were in the 501-1000 sq ft range, and approximately 80% were priced between Rs. 1 Crore and Rs. 5 Crores.
Vile Parle, located in the western suburbs of Mumbai, is a bustling and well-established locality known for its vibrant lifestyle and rich cultural heritage. It is divided into Vile Parle East and Vile Parle West, each offering a unique charm. Renowned for its educational institutions like the Mithibai College and NMIMS University, Vile Parle attracts students and professionals alike. The area is dotted with diverse dining options, high-end boutiques, and local markets, creating a perfect blend of modernity and tradition.
In November, Vile Parle saw mild activity with 27 apartments exchanging hands across 22 distinct buildings. Resale transactions dominated the sales in Vile Parle and only a handful of transactions were directly with the developers. Moss Adhira, Anand Bhuvan Apartment, Sumit Gurukrishna, Nutan Jeevan CHSL and Hetali Shivam CHS closed 2 deals each in November. While the other 17 buildings registered a single deal each.
Irene Building is where the most expensive transaction as well as the largest carpet area has been sold for a sum consideration of Rs. 11 Crores for 1612 square feet. Conversely, the most affordable option available in Vile Parle was found in Aangan Apartment where to purchase a flat one would require as low as Rs. 49 Lakhs. The smallest carpet area is found at Shakun CHS measuring just 365 square feet.
The rate per square foot for Vile Parle ranged between Rs. 16,000 to Rs. 68,300 and the weighted average rate per square foot for the locality is about Rs. 30,000. More than 50% of the flats in Vile Parle were sold in the 501-1000 square feet range. Approximately 30% of the flats have been sold in the 1-500 square feet category. Vile Parle has been one of the vibrant options which is also closer to major business hubs. This is reflected in the sale considerations of the locality. About 80% of the flats sold in Vile Parle are between Rs. 1 Crore and Rs. 5 Crores. About 20% of the flats sold are below Rs. 1 Crore.
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