Property for Sale & Rent in Mahalaxmi, Mumbai

Home to the Mahalaxmi Racecourse and some of Mumbai's most exclusive addresses, Mahalaxmi is a trophy location for ultra-luxury buyers. The neighbourhood offers a mix of heritage charm and modern skyscrapers with panoramic city and sea views.

Micro-locations in Mahalaxmi

Mahalaxmi Racecourse

Premium towers overlooking the racecourse and Arabian Sea

Lotus Colony

Quiet residential pocket with redevelopment potential

Connectivity & Infrastructure

Mahalaxmi railway station (Western line + Harbour)
Walking distance to Lower Parel business district
Coastal Road Phase 2 connectivity
Haji Ali and Nehru Planetarium proximity
Metro Line 3 access upcoming

Who Buys in Mahalaxmi

Ultra-HNI families · Industrialist families · NRI wealth preservation · Corporate leaders

Investment Outlook — Mahalaxmi 2026

Mahalaxmi is one of Mumbai's most supply-constrained markets — the racecourse ensures permanently open views and no new land availability. Trophy projects like Lodha Bellevue, Piramal Mahalaxmi, and Raheja Vivarea have reset the price floor above ₹50,000/sqft. Capital appreciation has historically outpaced inflation.

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Top Developers in Mahalaxmi

Lodha · Piramal · K Raheja Corp · Prestige Group · Shapoorji Pallonji

Notable Projects in Mahalaxmi

K Raheja Corp

Raheja Modern Vivarea

Mahalaxmi's anchor luxury project. Trust 86/100. Avg asking PSF ~₹67,000.

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Godrej Properties

Godrej Avenue Eleven

Trophy Mahalaxmi address with racecourse views. Trust 76/100. Avg asking PSF ~₹62,500.

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Piramal Realty

Piramal Mahalaxmi

Jacob Circle address with ultra-luxury positioning. Avg asking PSF ~₹59,500.

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Frequently Asked Questions

Is Mahalaxmi a good investment in 2026?▾

Mahalaxmi is one of Mumbai's most supply-constrained markets — the racecourse ensures permanently open views and no new land availability. Trophy projects like Lodha Bellevue, Piramal Mahalaxmi, and Raheja Vivarea have reset the price floor above ₹50,000/sqft. Capital appreciation has historically outpaced inflation.

What is the price range for property in Mahalaxmi?▾

Property prices in Mahalaxmi range from 5 Cr to 100+ Cr. View all 40 listings for current availability.

Which are the best developers in Mahalaxmi?▾

Top developers in Mahalaxmi include Lodha, Piramal, K Raheja Corp, Prestige Group, Shapoorji Pallonji.