Lower Parel scores equal to Mahalaxmi in livability rating (9.4 versus 9.4). Lower Parel with an average price of INR 37630/sqft. is more expensive to live in than Mahalaxmi which has an average rate of INR 34952/sqft. However, Lower Parel (price appreciation of 21.2%) has seen a greater price appreciation than Mahalaxmi (price appreciation of 18.4%) over the last one year. With a total of 70 projects in its catchment area, Lower Parel has 47 more projects in comparison to Mahalaxmi (23 projects). Lower Parel has higher number of schools, hospitals, banks, atms, restaurants as well as petrol pumps than Mahalaxmi.