One of Mumbai's key commercial areas, Lower Parel is situated 9.5 kilometers from the city's center. Several textile mills once stood in Parel, but now commercial office buildings have taken their place.

Lower Parel is well-connected through the Tulsi Pipe Road, NM Joshi Marg, the Mumbai Monorail, and the Western Suburban Railway Line. Lower Parel is a Mumbai Monorail station on the NM Joshi Marg. It is located in South Central Mumbai, west of the Lalbaug neighborhood. The Lower Parel Railway station provides inter-city and local connectivity. Autorickshaws, taxis, and buses are other frequently used modes of transportation.

Some well-known companies operating out of here include Zee Media, SBI Capital, Thomas Cook, Deloitte, HDFC Bank, Yes Bank, Mafatlal Industrial Estate, etc. Marathon Futurex, Kamla Mills Compound, and India Bulls Finance Center are home to several corporate entities.

It has many PGs like Atithi, Sharad, Sanjanas, etc., and rental houses including in nearby areas like Naigaon, Chinchpakoli, Worli, and Sewri. One of the main malls in the area, Phoenix Mall, is situated on the Phoneix Mills property provides major recreational space.

Overall, Lower Parel is a well-suited commercial area in a prime location to own a business space or office space.