PHOENIX MILLS RISE 1 (WING A) – LOWER PAREL — New Project Coming Up in Lower Parel, Mumbai

Phoenix Mills Rise 1 (Wing A) – A Mixed-Use Development in Lower Parel

Phoenix Mills Rise 1 (Wing A) comprises a mall, offices, and residential spaces, situated in Lower Parel on Senapati Bapat Marg. The project is part of a larger, phased commercial development in one of Mumbai's most transformed urban neighborhoods.

The Developer: The Phoenix Mills Limited

The Phoenix Mills Limited is India's leading owner, operator and developer of retail-led mixed-use destinations. Phoenix Mills was originally started in 1905 to manufacture cotton textiles in Bombay, and has evolved into a major real estate platform with presence across multiple cities.

The Group has carved a niche for itself in the Indian real estate sector through retail-led mixed-use developments, comprising retail malls, commercial offices and hospitality assets, and also builds residential assets.

Lower Parel's Evolution

The real estate renaissance of Lower Parel began in the early 2000s, with developers recognizing the potential of disused mill lands and starting to transform them into upscale residential and commercial spaces. Former mill land parcels were redeveloped into modern residential and commercial zones, as low-rise industrial units gradually transformed into high-end towers, Grade A offices, malls, and entertainment hubs.

The area's luxury positioning comes from its cluster of skyscrapers, flagship retail landmarks such as High Street Phoenix and Palladium, and a robust network of corporate developments. Recent market assessments indicate that average Lower Parel property prices have risen to ₹45,657 per sq ft in 2025.

Connectivity and Location

Lower Parel is a residential-cum-commercial hub in South Mumbai, well-connected via Bandra Worli Sea Link and Eastern Express Highway, with Senapati Bapat Marg and NM Joshi Marg also connecting it, and a dedicated station on the Western Line offering a good rail network.