For Sale
Property Rates in Mahalaxmi (2026)
South Mumbai · Buy & rent prices per sq ft · researched & updated by our team — May 2026
Apartments in Mahalaxmi sell for about ₹55,000 – ₹90,000 per sq ft (carpet), and a 2 BHK rents for ₹1.30 Lac – ₹2.80 Lac per month. Commercial space is around ₹50,000 – ₹90,000 per sq ft, as of May 2026. Real Estate Mumbai has tracked Mahalaxmi property rates since 1995, with 543 flats for sale, 455 on rent and 18 new projects live now.
What are the property rates in Mahalaxmi?
| Type | Rate (May 2026) |
|---|---|
| Apartments — buy | ₹55,000 – ₹90,000 /sq ft |
| 1 BHK — rent | ₹65K – ₹1.20 Lac /month |
| 2 BHK — rent | ₹1.30 Lac – ₹2.80 Lac /month |
| 3 BHK — rent | ₹2.20 Lac – ₹4.95 Lac /month |
| 4 BHK — rent | ₹3.85 Lac – ₹7.70 Lac /month |
| Commercial — buy | ₹50,000 – ₹90,000 /sq ft |
| Commercial — lease | ₹390 – ₹660/sqft/mo |
Rates are carpet-area, indicative ranges based on Real Estate Mumbai's tracked transactions and current inventory in Mahalaxmi.
Mahalaxmi market overview
Outright residential rates range from ₹58,333 per sqft in entry-level resale complexes (such as Prestige Jasdan Classic) up to over ₹75,862 per sqft in premium structures (like Piramal Mahalaxmi Central Tower). Branded residential projects currently under construction, such as Lodha Bellevue by Lodha Group, are commanding a premium at ₹65,000 per sqft. In the residential lease market, carpet size heavily dictates rent: smaller 3 BHK configurations like Prestige Jasdan Classic (1350 sqft) lease at around ₹3.50 Lac/mo, whereas expansive 3 BHK layouts such as Planet Godrej (1788 sqft) command up to ₹3 Lac/mo.
The commercial sector operates under separate market forces, where commercial outright spaces sell at ₹75,000 per sqft in business complexes like Prestige Turf Tower and leases command ₹80K/mo per month in nodes like Nirman Kendra. Commercial properties in Mahalaxmi follow distinct business and retail yield dynamics, where commercial spaces trade between ₹50,000 and ₹90,000/sf outright and commercial rents lease at around ₹390 to ₹660/sf per month.
About Mahalaxmi
Famous racecourse area with a mix of premium towers and heritage Mills-redevelopment projects.
- Connectivity: Mahalaxmi stn (Central + Metro)
- Landmarks: Mahalaxmi Racecourse, Dhobi Ghat, Haji Ali
- Best for: Racecourse Views, Premium Towers, Central
Properties for sale & rent in Mahalaxmi
Latest for sale
View all 543 flats for sale in Mahalaxmi →
Latest on rent
View all 455 flats on rent in Mahalaxmi →
Buyer & tenant demand in Mahalaxmi
Real Estate Mumbai has received 95 buyer & tenant enquiries for Mahalaxmi — 50 looking to buy and 15 to rent. The most-wanted configuration is 3 BHK & 2 BHK.
Own a property in Mahalaxmi? 95 buyers & tenants are already looking — list it free and our advisors will match you to genuine demand.
💬 List my Mahalaxmi propertyBuilding-level rates in Mahalaxmi
Live median price and rent for the most-listed buildings in Mahalaxmi — with an indicative rent-vs-buy signal. Tap a building for the full breakdown.
| Building | Sale ₹/sqft | Rent (median) | Yield |
|---|---|---|---|
| Piramal Mahalaxmi | ₹73,333 | ₹3,50,000 | 4.36% |
| Lokhandwala Minerva | ₹1,05,572 | ₹4,00,000 | 2.07% |
| Prestige Jasdan Classic | — | ₹4,00,000 | — |
| Lodha Primero | ₹34,168 | ₹2,00,000 | — |
| Piramal Mahalaxmi Central Tower | ₹89,285 | ₹4,00,000 | — |
| Lodha Bellissimo | — | ₹3,85,000 | — |
| Prestige Turf Tower | — | ₹3,88,000 | — |
| Raheja Modern Vivarea | — | ₹8,62,500 | — |
| Planet Godrej | ₹48,148 | ₹2,70,000 | — |
| Raheja Vivarea | ₹1,06,685 | ₹6,75,000 | — |
New projects in Mahalaxmi
Piramal Mahalaxmi Central Tower
BuilderPiramal Realty
Rate₹82,069/sqft
StatusReady Possession
Runwal 7 Mahalaxmi
BuilderRunwal Realty
StatusUnder Construction
Mahindra BeaconHill
BuilderMahindra Lifespaces
Rate₹51,000/sqft
StatusUnder Construction
Minerva
BuilderLokhandwala Infrastructure (P) Ltd
Rate₹64,983/sqft
StatusReady Possession
Chandra Darshan Heights
BuilderCommercial Developers
Rate₹43,400/sqft
StatusUnder Construction
Blue Ocean
BuilderQuba Developers
Rate₹32,407/sqft
StatusUnder Construction
7 Mahalaxmi Altitude Tower 3
BuilderRunwal Enterprises
StatusPre-Launch
7 Mahalaxmi
BuilderRunwal Enterprises
Rate₹56,000/sqft
StatusUnder Construction
Mahalaxmi property rates — FAQs
What is the property rate in Mahalaxmi?
Apartments in Mahalaxmi sell for about ₹55,000 to ₹90,000 per sq ft (carpet) as of May 2026. Real Estate Mumbai has tracked Mahalaxmi property rates since 1995.
What is the rent for a 2 BHK in Mahalaxmi?
A 2 BHK flat in Mahalaxmi typically rents for ₹1.30 Lac – ₹2.80 Lac per month as of May 2026.
What are commercial property rates in Mahalaxmi?
Commercial property in Mahalaxmi has buy rates of ₹50,000–₹90,000 per sq ft and lease at ₹390 – ₹660/sqft/mo as of May 2026.
Want an accurate valuation in Mahalaxmi?
These are indicative area rates. For a specific building or your own property in Mahalaxmi, our advisors will give you a precise, up-to-date number.
💬 Get a Mahalaxmi valuation on WhatsAppUpdated May 2026 · Mahalaxmi rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.
