Lodha Venezia prices roughly 39.9% below Raheja Modern Vivarea on a per-sqft basis (₹40,329/sqft vs ₹67,092/sqft). Raheja Modern Vivarea Mahalaxmi vs Lodha Venezia Parel. Property Butler tracks both projects with verified RERA, configuration, and pricing data — here's the head-to-head.
Raheja Modern Vivarea vs Lodha Venezia — May 2026 snapshot
| Raheja Modern Vivarea | Lodha Venezia | |
|---|---|---|
| Locality | Mahalaxmi | Parel |
| Developer | K Raheja Corp | Lodha Developers Limited |
| Status | Under Construction | Ready To Move |
| Configurations | 3, 4, 5 BHK · carpet 1668–3108 sqft | 2, 3, 4 BHK · carpet 834–2484 sqft |
| Asking range | ₹11.95 Cr–₹25.00 Cr | ₹2.85 Cr–₹8.50 Cr |
| Avg asking PSF | ₹67,092/sqft | ₹40,329/sqft |
| Total units | 130 | 464 |
| Towers · Floors | 2 · — | 2 · 60 |
| RERA | P51900034288, P51900034289 | P51900004544, P51900004666, P51900005188, P51900006593, P51900008032, P51900010178 |
| Property Butler trust | 86/100 (A) | 94/100 (A+) |
Pricing — Where Each Project Sits
Lodha Venezia carries an asking PSF of ₹40,329/sqft, 39.9% below Raheja Modern Vivarea at ₹67,092/sqft. On a 1,800 sqft 3 BHK, that's a delta of approximately ₹4.82 Cr in headline price for the same carpet area. Whether that gap is "value" or "warranted premium" depends on the trade-offs below.
What Each Project Does Well
Raheja Modern Vivarea — Strengths
K Raheja Corp Homes brings 55 years of Mumbai luxury delivery experience, which is a genuine differentiator at this ticket size. Twenty-six MahaRERA filings support compliance transparency. The 4.6 resident rating on existing-phase reviews signals product quality. Twenty amenities including private terraces, banquet hall, pool and coffee lounge suit the ticket band. Mahalaxmi gives direct access to South Mumbai via Pedder Road and the Coastal Road, shortening commutes. Low density of 130 apartments across 3 towers supports privacy.
Lodha Venezia — Strengths
Project is delivered (ready to move in), removing construction-stage risk. Lodha's 46-year operating history and listed-company governance offer meaningful comfort. Reviewers consistently praise impressive Italian-influenced architecture, spacious apartments, beautiful sea and skyline views, luxurious finishes, strong community engagement and an excellent on-site clubhouse, pool, aqua gym and sports courts. Twin 60+ storey towers with a 600-700 ft observatory lounge offer one of central Mumbai's strongest view corridors.
The Honest Trade-offs
Raheja Modern Vivarea — Watch-outs
The ₹15 Cr to ₹30.9 Cr ticket band and ₹80,528 per sq ft rate sit at the upper end of Mumbai pricing, so genuine value comes only to end-users with long holding periods. Under-construction status carries handover risk that ultra-luxury buyers should benchmark against the developer's delivery pipeline. Pedder Road congestion at peak hours is a daily reality.
Lodha Venezia — Watch-outs
Reviewers cite no direct metro at the doorstep, high maintenance charges, occasional service quality concerns, and limited pet-friendly policies. Average PSF of ₹28,345 sits at the upper end of Parel stock with associated resale liquidity considerations.
Property Butler's Take — Who Should Pick Which
Pick Lodha Venezia if you need ready-to-move occupancy or want to start rental income immediately. The trade-off: you're paying a delivered-product premium versus Raheja Modern Vivarea, which is still under construction.
Pick Raheja Modern Vivarea if you have a 2-3 year possession runway and want to lock pricing today before construction-completion repricing. Under-construction inventory in South Mumbai typically reprices upward 8-15% on possession.
Final word: in the South Mumbai luxury segment, the developer's track record matters as much as the headline price. Raheja Modern Vivarea carries a Property Butler trust score of 86/100; Lodha Venezia carries 94/100. The higher score reflects RERA cleanliness, delivery history, and resident sentiment — not marketing.
Related
Raheja Modern Vivarea — full project page Lodha Venezia — full project page Mahalaxmi property guideStuck between Raheja Modern Vivarea and Lodha Venezia?
Property Butler tracks active inventory in both. Honest pricing, side-by-side site visits, no portal noise.
WhatsApp Property ButlerFAQs
Which is cheaper — Raheja Modern Vivarea or Lodha Venezia?
On asking PSF, Lodha Venezia. Headline asking ranges: Raheja Modern Vivarea ₹11.95 Cr–₹25.00 Cr, Lodha Venezia ₹2.85 Cr–₹8.50 Cr.
Which has a stronger developer track record?
Raheja Modern Vivarea carries Property Butler trust score 86/100 (Grade A); Lodha Venezia carries 94/100 (Grade A+). Lodha Venezia edges the trust comparison.
Which is in the better location?
Raheja Modern Vivarea is in Mahalaxmi; Lodha Venezia is in Parel. Different micromarkets — pick based on commute, schools, and lifestyle priorities.
Can Property Butler arrange site visits to both?
Yes — same-day or back-to-back visits to Raheja Modern Vivarea and Lodha Venezia are standard. WhatsApp +91 84335 11885 to schedule.
Are home loans pre-approved on both?
All major Indian banks (HDFC, ICICI, Axis, SBI, Kotak) approve loans against both K Raheja Corp and Lodha Developers Limited projects. Property Butler can connect you with relationship managers at any of these institutions.