4 BHK Flats for Sale in Mahalaxmi — Ultra-Luxury Options (May 2026)
Mahalaxmi's 4 BHK market represents South Mumbai's second tier of ultra-luxury after Malabar Hill. Property Butler tracks 16 active 4 BHK listings in Mahalaxmi — asking ₹10 Cr to ₹35 Cr. Average PSF ₹61,188.
4 BHK Mahalaxmi — May 2026
₹10 Cr — ₹35 Cr
1,800–3,500 sqft | ₹58,000–₹92,000/sqft | 13 options
| Project | Developer | Price Range | Carpet | PSF | Possession |
|---|---|---|---|---|---|
| Godrej Avenue Eleven | Godrej Properties | ₹15–25 Cr | 1,900–2,600 sqft | ₹79,000–₹96,000/sqft | OC received |
| Raheja Modern Vivarea | K Raheja Corp | ₹12–22 Cr | 1,800–2,800 sqft | ₹67,000–₹79,000/sqft | OC received |
| Lodha Bellevue | Lodha Group | ₹13–28 Cr | 2,000–3,200 sqft | ₹65,000–₹88,000/sqft | OC received |
| Prestige Jasdan Classic | Prestige Estates | ₹18–35 Cr | 2,200–3,500 sqft | ₹82,000–₹1,00,000/sqft | OC received |
| Piramal Mahalaxmi | Piramal Realty | ₹10–18 Cr | 1,600–2,400 sqft | ₹63,000–₹75,000/sqft | UC 2026–27 |
Mahalaxmi 4 BHK: The Racecourse Premium
All of Mahalaxmi's premium 4 BHK projects face the Mahalaxmi Racecourse — the 225-acre lungs of South Mumbai. That view cannot be replicated; it's the reason Mahalaxmi commands a PSF premium over Worli for larger configurations. A Racecourse-facing 4 BHK at ₹12–18 Cr in Lodha Bellevue is arguably better value than a ₹15 Cr Worli city-view 4 BHK.
Find 4 BHK Options in Mahalaxmi
Floor-wise pricing, views, availability — tell us your requirement.
Search NowWhatsApp UsBest 4 BHK project in Mahalaxmi?
For OC (no GST): Raheja Modern Vivarea (₹12 Cr entry) or Lodha Bellevue (₹13 Cr). For aspirational: Godrej Avenue Eleven or Prestige Jasdan Classic.
4 BHK Mahalaxmi vs Worli — which is better?
Mahalaxmi wins for Racecourse views and quieter living. Worli wins for sea views and higher resale liquidity. Price-per-sqft is similar, so the choice comes down to which view you prefer.
Who Buys a 4 BHK in Mahalaxmi?
The Upgrader Family
Moving from a 3 BHK in Bandra West or Worli. Wants more space + a quieter, greener pocket. Racecourse as backyard is the decisive draw.
The Investor / HNI
Buying at ₹12–18 Cr to rent at ₹1.8–2.5L/month. Gross yield ~1.8–2.2%. Capital appreciation play — Mahalaxmi's OC stock is finite.
The NRI End-User
Return to Mumbai. Wants a large flat near heritage Mumbai (the Racecourse, Breach Candy, Peddar Road) but with modern amenities. Lodha Bellevue / Godrej Avenue Eleven top choices.
The Senior Executive
Corporate lease buyer — employer pays rent, executive occupies. Often BFSI sector (Nariman Point 20 min, BKC 30 min). Prefers OC/registered buildings for company lease compliance.
Racecourse View: Which Floors Get It?
| Building | View Floors (est.) | Premium Over Non-View |
|---|---|---|
| Raheja Modern Vivarea | 12th floor and above | 8–12% on asking |
| Lodha Bellevue | 10th floor and above | 10–15% on asking |
| Godrej Avenue Eleven | 8th floor and above (NW wing) | 12–18% on asking |
| Prestige Jasdan Classic | All floors (oriented toward Racecourse) | Baked into base price |
Frequently Asked Questions
What stamp duty applies on a ₹15 Cr flat in Mahalaxmi?
For a ₹15 Cr purchase in Mumbai, stamp duty is 5% = ₹75 L, plus 1% registration = ₹15 L, metro cess 1% = ₹15 L. Total government costs: ~₹1.05 Cr (7% of purchase price). Budget this in addition to the purchase price.
Can I find a 4 BHK in Mahalaxmi under ₹12 Cr?
Piramal Mahalaxmi starts at ₹10 Cr for 4 BHK (under-construction, Dec 2026–27 delivery). It's the most accessible entry — but GST applies (5% on UC). Net cost around ₹10.5 Cr. OC options start at ₹12 Cr in Raheja Vivarea.
What is the rental potential of a 4 BHK in Mahalaxmi?
Property Butler tracks 4 BHK rental demand in Mahalaxmi at ₹1.8–3 L/month for OC buildings. Racecourse-facing floors in Lodha Bellevue command ₹2.5–3 L/month. Gross yield on a ₹15 Cr purchase at ₹2.5L/month: ~2% — low, but standard for SoBo luxury.