₹3.5 Lakh/mo3.5 BHK2150 sq ft
Lokhandwala Minerva
N M Joshi Marg, Mahalaxmi · Fully Furnished
31% below typical 3.5 BHK in Mahalaxmi
South Mumbai · updated 11 November 2026
Property rates in Mahalaxmi 2026
As of 11 November 2026, flats for sale in Mahalaxmi have a median asking price of ₹73,200 per sq ft (carpet), from 126 live listings; the middle half ask ₹62,500 – ₹83,200. A 2 BHK rents for a median ₹2.23 Lakh a month.
Mahalaxmi property market: prices and rents by size, buildings, Q&A →
Median asking₹73,200/ sq ft · 126 listings
Middle half₹62,500 – ₹83,200/ sq ft
2 BHK rent₹2.23 Lakh/ month median
On the market257homes · 18 new projects
The numbers
What are the property rates in Mahalaxmi?
| Type | Rate |
|---|---|
| Flats for sale — median asking, live (126 listings, 11 November 2026) | ₹73,200 /sq ft |
| Flats for sale — middle half of live listings | ₹62,500 – ₹83,200 /sq ft |
| Apartments — buy, researched range (October 2026) | ₹55,000 – ₹90,000 /sq ft |
| 1 BHK — rent | ₹65K – ₹1.20 Lakh /month |
| 2 BHK — rent | ₹1.30 Lakh – ₹2.80 Lakh /month |
| 3 BHK — rent | ₹2.20 Lakh – ₹4.95 Lakh /month |
| 4 BHK — rent | ₹3.85 Lakh – ₹7.70 Lakh /month |
| Commercial — buy | ₹50,000 – ₹90,000 /sq ft |
| Commercial — lease | ₹390 – ₹660/sqft/mo |
Live figures are the median and middle half of asking prices per sq ft (carpet) of flats listed for sale in Mahalaxmi on Real Estate Mumbai, recalculated daily. Researched rates are carpet-area, indicative ranges from our tracked transactions and inventory in Mahalaxmi.
Building by building
Building-level rates in Mahalaxmi
Live median price and rent for the most-listed buildings, with a rent-or-buy signal. Tap a building for the full picture.
| Building | Sale ₹/sq ft | Rent (median) | Yield |
|---|---|---|---|
| Piramal Mahalaxmi | ₹79,310 | ₹3,00,000 | 3.95% |
| Lokhandwala Minerva | ₹58,520 | ₹4,25,000 | 4.23% |
| Lodha Primero | ₹52,000 | ₹2,37,500 | 5.06% |
| Prestige Jasdan Classic | ₹63,795 | ₹4,00,000 | 4.43% |
| Lodha Bellissimo | ₹57,894 | ₹3,62,500 | 4.12% |
| Piramal Mahalaxmi South Tower | ₹83,092 | ₹2,30,000 | 4.15% |
| Piramal Mahalaxmi Central Tower | ₹77,120 | ₹3,92,500 | 3.7% |
| Piramal Mahalaxmi North Tower | ₹80,508 | ₹2,00,000 | 3.51% |
| Godrej Avenue Eleven | ₹90,260 | — | — |
| Raheja Vivarea | — | ₹7,00,000 | — |
The market
Mahalaxmi market overview (October 2026 survey)
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.
Neighbourhoods
Property rates by neighbourhood in Mahalaxmi
Live homes to rent and buy in each part of Mahalaxmi — every neighbourhood page carries its own asking rates.
The neighbourhood
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
On the market
Homes for sale and rent in Mahalaxmi
Latest to rent
₹3.5 Lakh/mo3 BHK2000 sq ft
Lokhandwala Minerva
N M Joshi Marg, Mahalaxmi · Semi-Furnished
26% below typical 3 BHK in Mahalaxmi
₹4.75 Lakh/mo4 BHK1865 sq ft
Piramal Mahalaxmi
Mahalaxmi · Builder Finished
In line with typical 4 BHK in Mahalaxmi
₹7 Lakh/mo3 BHK2200 sq ft
Raheja Vivarea
Jacob Circle, Mahalaxmi · Fully Furnished
Premium home for Mahalaxmi
₹2.25 Lakh/mo2 BHK760 sq ft
Piramal Mahalaxmi
Jacob Circle, Mahalaxmi · Semi-Furnished
15% above typical 2 BHK in Mahalaxmi
₹3 Lakh/mo3 BHK1080 sq ft
Piramal Mahalaxmi South Tower
Jacob Circle, Mahalaxmi
17% above typical 3 BHK in Mahalaxmi
All 130 homes to rent in Mahalaxmi →
Latest to buy
₹9.75 Cr3 BHK1050 sq ft
Piramal Mahalaxmi
Jacob Circle, Mahalaxmi · ₹92,857/sq ft
Premium home for Mahalaxmi
₹11 Cr3 BHK1900 sq ft
Lodha Bellissimo
N M Joshi Marg, Mahalaxmi · Semi-Furnished · ₹57,895/sq ft
17% below typical 3 BHK in Mahalaxmi
₹15.5 Cr4 BHK2400 sq ft
Lodha Bellissimo
N M Joshi Marg, Mahalaxmi · Done Up · ₹64,583/sq ft
11% below typical 4 BHK in Mahalaxmi
₹5.5 Cr2 BHK750 sq ft
Piramal Mahalaxmi
Jacob Circle, Mahalaxmi · ₹73,333/sq ft
10% above typical 2 BHK in Mahalaxmi
₹4 Cr2 BHK885 sq ft
Lodha Primero
NM Joshi Marg, Mahalaxmi · ₹45,198/sq ft
32% below typical 2 BHK in Mahalaxmi
₹14.5 Cr4 BHK2317 sq ft
Lokhandwala Minerva
N M Joshi Marg, Mahalaxmi · ₹62,581/sq ft
13% below typical 4 BHK in Mahalaxmi
One team, every need
Everything we do in Mahalaxmi
Homes to rent and buy, new projects under construction, and offices to lease or buy — one Real Estate Mumbai team for all of it.
₹3.5 L/mo
3.5 BHK in Lokhandwala Minerva
2,150 sq ft carpet
₹3.5 L/mo
3 BHK in Lokhandwala Minerva
2,000 sq ft carpet
₹4.75 L/mo
4 BHK in Piramal Mahalaxmi
1,865 sq ft carpet
₹3.5 L/mo
3 BHK in Lokhandwala Minerva
2,100 sq ft carpet
₹3.25 L/mo
3 BHK in Prestige Jasdan Classic
1,550 sq ft carpet
₹4 L/mo
3 BHK in Prestige Jasdan Classic
1,740 sq ft carpet
₹7 L/mo
3 BHK in Raheja Vivarea
2,200 sq ft carpet
₹2.25 L/mo
2 BHK in Piramal Mahalaxmi
760 sq ft carpet
₹9.75 Cr
3 BHK in Piramal Mahalaxmi
1,050 sq ft carpet
₹11 Cr
3 BHK in Lodha Bellissimo
1,900 sq ft carpet
₹15.5 Cr
4 BHK in Lodha Bellissimo
2,400 sq ft carpet
₹5.5 Cr
2 BHK in Prestige Jasdan Classic
880 sq ft carpet
₹11 Cr
3 BHK in Prestige Jasdan Classic
1,740 sq ft carpet
₹5.5 Cr
2 BHK in Piramal Mahalaxmi
750 sq ft carpet
₹13 Cr
3 BHK in Piramal Mahalaxmi
1,450 sq ft carpet
₹8.5 Cr
3 BHK in Prestige Jasdan Classic
1,250 sq ft carpet
₹100,000/sq ft
Godrej Avenue Eleven B
Under construction
₹100,000/sq ft
Godrej Avenue Eleven A
Under construction
₹74,094/sq ft
Piramal Mahalaxmi North Tower
Under construction
₹55,944/sq ft
7 Mahalaxmi
Under construction
₹100,000/sq ft
The Imperial I
Under construction
₹43,400/sq ft
Chandra Darshan Heights
Under construction
₹51,000/sq ft
Mahindra BeaconHill
Under construction
₹125,000/sq ft
Raheja Modern Vivarea North
Under construction
New projects
New projects in Mahalaxmi
| Project | Builder | Rate | Status |
|---|---|---|---|
| Godrej Avenue Eleven B | Godrej Properties | ₹1,00,000/sq ft | Under Construction |
| Godrej Avenue Eleven A | Godrej Properties | ₹1,00,000/sq ft | Under Construction |
| Piramal Mahalaxmi North Tower | Piramal Realty | ₹74,094/sq ft | Under Construction |
| 7 Mahalaxmi | Runwal Enterprises | ₹55,944/sq ft | Under Construction |
| The Imperial I | S D Corporation Pvt. Ltd. | ₹1,00,000/sq ft | Under Construction |
| Chandra Darshan Heights | Commercial Developers | ₹43,400/sq ft | Under Construction |
| Piramal Mahalaxmi Central Tower | Piramal Realty | ₹82,069/sq ft | Ready Possession |
| Mahindra BeaconHill | Mahindra Lifespaces | ₹51,000/sq ft | Under Construction |
Demand
Who is looking in Mahalaxmi
We have received 163 buyer and tenant enquiries for Mahalaxmi — 89 looking to buy and 37 to rent. The most-wanted size is 3 BHK & 2 BHK.
Own a home in Mahalaxmi?
163 buyers and tenants are already looking. List it and we'll match you to genuine demand.
Questions
Mahalaxmi property rates, answered
What is the price per sq ft of flats in Mahalaxmi in 2026?
As of 11 November 2026, flats for sale in Mahalaxmi have a median asking price of ₹73,200 per sq ft (carpet area), from 126 live listings on Real Estate Mumbai; the middle half ask ₹62,500 – ₹83,200 per sq ft. A 2 BHK rents for a median ₹2.23 Lakh a month.
What is the property rate in Mahalaxmi?
Apartments in Mahalaxmi sell for about ₹55,000 to ₹90,000 per sq ft (carpet) as of October 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 Lakh – ₹2.80 Lakh per month as of October 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 October 2026.
Live figures 11 November 2026 · researched ranges October 2026 · Mahalaxmi rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.