Mahalaxmi, an affluent locality in Mumbai, offers several prominent residential projects to attract homebuyers. Read this blog to learn about the factors that make it a place worth calling home.

Renowned for iconic landmarks, rich cultural heritage, and convenient accessibility, Mahalaxmi is a vibrant neighbourhood in the heart of Mumbai. It offers a mix of religious, recreational, and architectural landmarks that contribute to its unique charm. The finest real estate developments in the area, such as Planet Godrej, blend class and opulence with modern amenities and an extraordinary lifestyle. Let’s explore the top features and charms of this posh locality:

Why Is Mahalaxmi a Good Place to Live?

Prime Location and Connectivity

As a prime location in South Mumbai, Mahalaxmi provides excellent connectivity to many commercial and entertainment hubs of the city. It has close proximity to major business districts, such as Lower Parel and Nariman Point via the central line, western line, Bandra-Worli Sea Link, Eastern Express Highway, NM Joshi Marg, and Monorail.

Prestigious Educational Institutions

Mahalaxmi is home to many reputable schools and colleges - in the public and private sectors – such as St. Ignatius High School, Orchids International School, Watumull Institute, Podar International School, and Lala Lajpat Rai Institute of Management.

The presence of renowned educational institutions in the vicinity ensures that residents have access to quality education options for their children.

Growing Infrastructure

Mahalaxmi and south Mumbai have established strong connections to the rest of the city with exceptional infrastructural developments. One such project is the Mumbai Port Trust area, a prized waterfront property stretching 10 kilometres in the middle of the city.

Additionally, the monorail development aims to reduce travel time from Chembur to Jacob Circle near Mahalaxmi to just 45 minutes. The Brihanmumbai Municipal Corporation (BMC) has plans to construct two road overbridges (ROBs) to alleviate traffic congestion around Mahalaxmi station and provide direct connectivity between Haji Ali Junction and Worli Naka.

Mumbai Metro Line 3 will also improve connectivity from Mahalaxmi, alleviating road congestion and facilitating easier commuting for residents.

World-Class Healthcare Facilities

Healthcare institutions, such as Wockhardt Hospital, Kasturba Hospital, JJ Hospital, and Jagjivan Ram Hospital, offer a wide range of specialized treatments and employ skilled medical professionals to the residents of this locality.

Proximity to major corporate and commercial parks

Situated within a 10-kilometre radius are crucial commercial centres, including the Bombay Stock Exchange, the World Trade Centre, and Peninsula Business Park. Furthermore, it enjoys proximity to prominent commercial districts such as Lower Parel, Worli, and Bandra-Kurla Complex (BKC).

Recent and Upcoming Infrastructure Upgrades

Several upcoming infrastructure projects in Mahalaxmi will enhance its ease and accessibility, making it an attractive location for investors. These projects include:

Implementation of a pedestrian bridge equipped with a travellator, linking Jacob Circle to Mahalaxmi.
Establishment of a dedicated metro station on Line 3 of the Mumbai Metro, connecting Colaba and SEEPZ, thereby improving overall connectivity.
The anticipated operationalisation of Mumbai Metro Lines 2B, 3, 6, and 12 by 2024.
The completion and operationalisation of the Mumbai Trans Harbour Link (MTHL) Lines 2B, 3, 6, and 12 by 2024.
Extension of the Rail Overbridge (RoB) connecting Saat Rasta to Keshavrao Khadye (KK) Marg towards Haji Ali, extending up to Gangaram Talekar Chowk.
Introduction of new roads and overbridges, with proposals and ongoing development under the jurisdiction of the Brihanmumbai Municipal Corporation.

Real Estate Market in Mahalaxmi

The cost of flats in Mahalaxmi, Mumbai South, falls within the range of Rs 46,250 to Rs 66,800 per square foot (sq ft). Meanwhile, Builder Floor prices in the same area range from Rs 65,800 to Rs 65,800 per sq ft. On average, property rates per square foot for flats in Mahalaxmi stand at approximately Rs 53,900 per sq ft.

In terms of price trends, flat rates in Mahalaxmi, Mumbai South have witnessed changes of 6.2% in the last year, 8.0% in the previous three years, and 10.0% in the last five years.

Godrej Avenue Eleven, Mahalaxmi

Godrej Avenue Eleven, located at 7 Rasta, Mahalaxmi, includes a freehold land parcel of 1.55 hectares (3.85 acres) with 0.97 hectares (2.4 acres) dedicated to open spaces. The property boasts an exclusive 4BHK residence tower with contemporary layouts, available for possession in December 2023. There are two types of floor plans available for 4 BHK units:

2080.02 sq.ft.(193.24 sq.m.) carpet area: Price 11.55 Cr+ Govt. Charges
2330.06 sq.ft.(216.47 sq.m.)carpet area: Price 12.94 Cr+ Govt. Charges

The Final Word

Mahalaxmi offers a unique blend of history, connectivity, amenities, and a vibrant lifestyle. While the area presents numerous advantages for a convenient and culturally rich living experience, consider your preferences, budget constraints, and needs when buying a home here.

Frequently asked questions

1. What recreational facilities are available in Mahalaxmi?

Ans. The neighbourhood is known for the iconic Mahalaxmi Racecourse, where residents can enjoy horse racing events and social gatherings. Additionally, there are other cultural landmarks like Willingdon Sports Club, Jacob Circle, and Mahalaxmi Temple for outdoor activities and leisurely pursuits.

2. What are the average property rates in Mahalaxmi?

Ans. The property prices in this locality range from INR 5.25 crore to INR 8.5 crore, with a quarterly increase of 2.9%, for high-rise apartments.

Mahalaxmi: A Good Place to Live

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