For Sale
Property Rates in Mahalaxmi (2026)
South Mumbai · Buy & rent prices per sq ft · researched & updated by our team — June 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 June 2026. Real Estate Mumbai has tracked Mahalaxmi property rates since 1993, with 214 flats for sale, 235 on rent and 15 new projects live now.
What are the property rates in Mahalaxmi?
| Type | Rate (June 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 214 flats for sale in Mahalaxmi →
Latest on rent
View all 235 flats on rent in Mahalaxmi →
Buyer & tenant demand in Mahalaxmi
Real Estate Mumbai has received 76 buyer & tenant enquiries for Mahalaxmi — 40 looking to buy and 8 to rent. The most-wanted configuration is 3 BHK & 2 BHK.
Own a property in Mahalaxmi? 76 buyers & tenants are already looking — list it free and our advisors will match you to genuine demand.
💬 List my Mahalaxmi propertyNew projects in Mahalaxmi
Runwal 7 Mahalaxmi
BuilderRunwal Group
Rate₹56,000/sqft
StatusUnder Construction
Godrej Avenue Eleven B
BuilderGodrej Properties
Rate₹69,000/sqft
StatusUnder Construction
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Blue Ocean
BuilderQuba Developers
Rate₹32,000/sqft
StatusUnder Construction
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The Imperial I
BuilderS D Corporation Pvt. Ltd.
Rate₹100,000/sqft
StatusUnder Construction
Raheja Modern Vivarea North
BuilderK Raheja Corp
Rate₹103,600/sqft
StatusUnder Construction
Lodha Bellevue
BuilderLodha Group
Rate₹65,000/sqft
StatusUnder Construction
Lodha Bellevue Tower 1
BuilderLodha Group
Rate₹64,000/sqft
StatusUnder Construction
Chandra Darshan Heights
BuilderCommercial Developers
Rate₹43,400/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 June 2026. Real Estate Mumbai has tracked Mahalaxmi property rates since 1993.
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 June 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 June 2026.
How many properties are available in Mahalaxmi?
Real Estate Mumbai currently lists 214 flats for sale, 235 flats on rent and 19 commercial properties in Mahalaxmi, plus 15 new projects. 76 buyers are actively looking in Mahalaxmi.
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 June 2026 · Mahalaxmi rates tracked by Real Estate Mumbai since 1993 · compiled by Sandeep Sadh.
