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Top 21 New Residential Projects in Mahalaxmi, Mumbai

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About Mahalaxmi, Mumbai

Mahalaxmi is a prominent locality in South Mumbai, Mumbai Metropolitan Region. Located in the western line of the Mumbai Suburban Railway, Mahalaxmi is the heart of South Mumbai. It is surrounded by Worli to the north, Byculla to the south, and the Arabian Sea to the west.

Mahalaxmi is a mix of residential and commercial spaces, offering a blend of affluent apartments, business establishments, and cultural attractions. Piramal Mahalaxmi, Raheja Vivarea Planet, Godrej, Lokhandwala Minerva, and Lodha Bellissimo are some of the top gated residential projects in Mahalaxmi.

As the name suggests, Royal Western India Turf Club's Mahalaxmi Racecourse, one of the most prestigious horse racing tracks in India, is a major tourist hotspot in the area. Another important site in the area, Mahalaxmi Temple, was built around 1785 and is one of the most famous temples in Mumbai.

Why Should You Invest in Mahalaxmi?

Mahalaxmi enjoys excellent connectivity and is easily accessible to major areas through the Western Line Local Railway, Central Line Local Railway, Monorail, Eastern Express Highway, and NM Joshi Marg. Mahalakshmi on the Western Line and Chinchpokli on the central line are the nearest railway stations. Bandra Worli Sea Link, located at a distance of 5 km, also provides direct connectivity to western suburbs. Eastern Express Highway connects Mahalaxmi to Thane and Navi Mumbai.

With its strategic location and upscale developments, Mahalaxmi is predicted to witness flat price appreciation of 6.5 %, 8.2 %, and 9.5 % in a year, three years, and five years, respectively.

Price Trend of Real Estate in Mahalaxmi

Here is the statistical data of the past few years showing the price trend in Mahalaxmi, South Mumbai:

Year (April-June) Average Price/ sqft
2019 Rs. 50,500
2020 Rs. 46,650
2021 Rs. 52,550
2022 Rs. 55,500
2023 Rs. 54,700

Disclaimer: All the prices mentioned above are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary per the developer, location, and amenities.

Top 5 Reasons to Invest in Mahalaxmi

1: Prime Location to Meet All Needs

Mahalaxmi is a well-established neighbourhood located in the Southern part of Mumbai. It lies on the western coast, overlooking the Arabian Sea and is close to several key areas such as Worli, Lower Parel, and Marine Lines. Furthermore, these areas have numerous corporate offices (Aditya Birla Center, Wadia International Center, Morya Group Office), entertainment hubs (Go Smaash, Turf Park, Dome Entertainment) and shopping centres (Heera Panna Shopping Centre, Bayside Mall) providing a well-rounded lifestyle.

2: Upscale Commercial and Residential Development

Mahalaxmi is known for its upscale residential complexes and commercial establishments.

Some of the top residential projects in Mahalaxmi are:

3: Cultural and Recreational Attractions for Glitz Location

Mahalaxmi boasts various cultural and recreational attractions, including the famous Mahalaxmi Racecourse, Shree Mahalaxmi Temple, and the iconic Haji Ali Dargah, which enhances the area's appeal and contributes to potential growth in property values.

The area has a vibrant atmosphere with art galleries (Nehru Centre Art Gallery, Aakar Art Gallery), theatres (Prabodhankar Thackeray Open Theater, Rang Bhavan Auditorium) and museums (Nehru Science Center and Science Museum, Mahalaxmi) options that contribute to its cultural richness.

4: Strategic Location for Ease of Travel

Mahalaxmi is well-connected by road to other major parts of Mumbai. It is situated along Dr E. Moses Road, which connects to the Eastern Express Highway and Western Express Highway, enabling easy connectivity to the western and eastern suburbs.

The Mahalaxmi Railway Station is a suburban railway station on the Western Line of Mumbai's local train network.

Here are some of the transportation hubs in Mahalaxmi, Mumbai:

  • Mumbai Central Railway Station is 4.1 km away via Dr Elijah Moses Road and Dr Anandrao Nair Marg.
  • Chhatrapati Shivaji Maharaj International Airport is 15.6 km away via Bandra - Worli Sea Link and Western Express Highway.
  • Chhatrapati Shivaji Maharaj Railway Terminus is 7.1 km away via Kutbe Kokan Makhdoom Ali Mahimi Flyover/Manish Road.
  • Mahalaxmi Railway Station is 2.0 km away via Dr Elijah Moses Road.

5: Social and Civic Amenities to Enrich Life

Mahalaxmi is an elite neighbourhood by providing an array of social and civic amenities. From education and healthcare to leisure and entertainment, the area offers a great living experience.

Here are some of the social and civic amenities in Mahalaxmi, Mumbai:

Educational Facilities Medical Centers Recreational Facilities
Muktangan Lovegrove School NH SRCC Children Hospital, Mumbai Gallops Restaurant
Poddar Pre School The BD Petit Parsee General Hospital Keiba x All Saints (Asian Restaurant)
Kids Planet Pre-School Voras Nursing Home Lala Lajpat Rai Park
Worli Naka Municipal School B.M.C School Nair Hospital Hooves Restaurant

FAQs

What is the PIN code of Mahalaxmi?

The PIN code of Mahalaxmi is 400011. It is located in South Mumbai.

What is Mahalaxmi famous for?

Mahalaxmi is famous for Mahalaxmi Temple, one of the most prestigious temples of Mumbai, situated on Bhulabhai Desai Road in the Mahalaxmi area. It is dedicated to Mahalakshmi, the central deity of Devi Mahatmyam.

The area is also famous for the Mahalaxmi Racecourse, one of India's premier horse racing tracks. Additionally, the Haji Ali Dargah, a prominent Islamic shrine, is located nearby.

Is Mahalaxmi a good place to live?

A prime location in South Mumbai, Mahalaxmi has good connectivity and proximity to various amenities and attractions, making it a suitable place for residential living. With upscale residential developments such as Piramal Mahalaxmi, Raheja Modern Vivarea, Lodha Bellevue and Nahar Excalibur, this area offers a premium lifestyle in the city's heart.

The area's religious and cultural diversity, with the top attractions Mahalaxmi Temple and Haji Ali Dargah lying in the vicinity, makes it appealing for people with different backgrounds.

What is the cost of living in Mahalaxmi?

For 1 BHK, the rent in Mahalaxmi is approximately Rs. 17,500 - 25,000, for 2 BHK, it's Rs. 34,000 - 39,000, and for 3 BHK, it's ₹80,000 - ₹88,200.

What are the current development projects in Mahalaxmi?

Some of the current development projects in Girgaon are mentioned in the table below:

What is the future of Mahalaxmi?

Located near flourishing areas like Parel, Lower Parel, Sewri, Byculla, Worli, and Dadar, Mahalaxmi holds potential for growth, showing a rental yield of 4.8% over the previous years. Ongoing infrastructure projects like Prestige Jasdan Classic, Primal Mahalaxmi, Ajmera Manhattan, Godrej Avenue Eleven, and Estelle Bellagio, along with esteemed developers, indicate a long-term vision for sustainable development and planning to meet future needs.

The BMC's Project on 8.5 km Coastal Road, one of the largest seaside walking tracks in the city, stretches from Worli to Haji Ali, up to Priyadarshini Park, will reduce the commute and traffic.

What are the top schools in Mahalaxmi?

  • Kids Planet Pre-School
  • Muktangan Lovegrove School
  • St. Ignatius High School
  • Umbra Chitrakala Mahavidyalaya
  • South Mumbai Chess Academy(SMCA)
  • Shiamak Davar International (Mahalaxmi Branch)

Which are the best hospitals in Mahalaxmi?

  • NH SRCC Children's Hospital, Mumbai
  • Dr Aashish J Varma
  • Siddhachal Hospitals
  • M. A. Podar Hospital
  • Voras Nursing Home
  • Worli Hospital For Women

What are the restaurants in Mahalaxmi?

  • Gallops Restaurant
  • Keibaa x All Saints
  • Neel - Tote on the Turf
  • Hooves Restaurant
  • Angrezi Dhaba
  • Masque
  • Vedant Pure Veg
  • Hotel Shiv Prasad
  • Shobha Refreshment

What are the petrol stations in Mahalaxmi?

  • HP Petrol Pump - Bombay Taxi Association
  • Parmar Petrol Pump
  • M.T.A. Co-operative Consumer Society Limited

What are the gyms in Mahalaxmi?

  • Iron Universal Gym
  • Horse Power Gym
  • Mahalaxmi Fitness Club
  • Empower Fitness
  • 3 Fitness Gym
  • Ayush Fitness And Wellness Centre
  • Hammers Fitness

What are the shopping malls in Mahalaxmi?

  • High Street Phoenix Mall
  • Heera Panna Shopping Centre
  • Sobo Central Mall
  • Atria The Millennium Mall

What are the hotels in Mahalaxmi?

  • Hotel Kumkum
  • Hotel Ripon Palace
  • Hotel Al Madina
  • The St Regis Mumbai
  • Hotel Bajaria Palace
  • Comfort Inn Heritage
  • Four Seasons Hotel Mumbai

What are the parks in Mahalaxmi?

  • Lala Lajpat Rai Park
  • Rajni Patel Memorial
  • PDP Garden
  • Shastri Garden

What are the top attractions in Mahalaxmi?

  • Mahalaxmi Racecourse
  • Mahalaxmi Temple
  • St Ignatius Church
  • Haji Ali Dargah

How many 1 BHKs are available in Mahalaxmi?

1 1 BHK flats are available in Mahalaxmi, including furnished and unfurnished.

How much does a 1 BHK cost in Mahalaxmi?

1 BHK in Mahalaxmi costs in the range of ₹71.2 Lac - ₹1.20 Cr.

What is the average size of a 1 BHK in Mahalaxmi?

The average size of a 1 BHK in Mahalaxmi is 515 sqft - 700 sqft.

What is the rent of a 1 BHK in Mahalaxmi?

The rent of 1 BHK in Mahalaxmi lies in the range of Rs. 17,500 - 25,000.

How many 2 BHKs are available in Mahalaxmi?

6 2 BHK flats are available in Mahalaxmi.

How much does a 2 BHK cost in Mahalaxmi?

2 BHK in Mahalaxmi costs in the range of ₹1.20 Cr - ₹2.20 Cr.

What is the average size of a 2 BHK in Mahalaxmi??

The average size of a 2 BHK in Mahalaxmi is 609 sqft - 807 sqft..

What is the rent of a 2 BHK in Mahalaxmi?

The rent of 2 BHK in Mahalaxmi lies in the range of Rs. 34,000 - 39,000.

How many 3 BHKs are available in Mahalaxmi?

1 3 BHK flats are available in Mahalaxmi.

How much does a 3 BHK cost in Mahalaxmi?

3 BHK flats in Mahalaxmi cost in the range of ₹2.18 Cr - ₹3.50 Cr.

What is the average size of a 3 BHK in Mahalaxmi?

The average size of a 3 BHK in Mahalaxmi is 825 sqft - 1094 sqft.

What is the rent of a 3 BHK in Mahalaxmi?

The rent of 3 BHK in Mahalaxmi lies in the range of ₹80,000 - ₹88,200.

How many 4 BHKs are available in Mahalaxmi?

1 4 BHK flats are available in Mahalaxmi.

How much does a 4 BHK cost in Mahalaxmi?

4 BHK flats in Mahalaxmi costs in the range of ₹3.15 Cr - ₹10.1 Cr.

What is the average size of a 4 BHK in Mahalaxmi?

The average size of a 4 BHK in Mahalaxmi is 1800 sqft - 2500 sqft.

What is the rent of a 4 BHK in Mahalaxmi?

The rent of 4 BHK in Mahalaxmi lies in the range of ₹90,000 - ₹2 Lac.

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