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Parel is centrally located in South Mumbai, making it a desirable area for both residential and commercial real estate investments. Parel has witnessed significant infrastructure development over the years, with the construction of new roads, flyovers, and bridges, which can positively impact the value of the real estate in the area. The demand for real estate in Parel is driven by its central location and proximity to commercial hubs, leading to high demand for residential and commercial spaces. However, the supply of real estate in the area is limited, which can drive up prices. Parel has a promising future for real estate investments due to its strategic location, excellent connectivity, growing infrastructure, and availability of social amenities.