For Sale
Property Rates in Mahalaxmi (2026)
South Mumbai · Buy & rent prices per sq ft · researched & updated by our team — May 2026 · live prices 17 October 2026
As of 17 October 2026, flats for sale in Mahalaxmi have a median asking price of ₹72,000 per sq ft (carpet area), from 452 live listings; the middle half ask ₹61,000 – ₹80,800. A 2 BHK rents for a median ₹2 Lac a month.
Our researched range (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 458 flats for sale, 323 on rent and 18 new projects live now.
What are the property rates in Mahalaxmi?
| Type | Rate |
|---|---|
| Flats for sale — median asking, live (452 listings, 17 October 2026) | ₹72,000 /sq ft |
| Flats for sale — middle half of live listings | ₹61,000 – ₹80,800 /sq ft |
| Apartments — buy, researched range (May 2026) | ₹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 |
Live figures are the median and middle half of asking prices per sq ft (carpet area) of flats currently listed for sale in Mahalaxmi on Real Estate Mumbai, recalculated daily. Researched rates are carpet-area, indicative ranges based on Real Estate Mumbai's tracked transactions and inventory in Mahalaxmi.
Mahalaxmi market overview (May 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.
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 458 flats for sale in Mahalaxmi →
Latest on rent
View all 323 flats on rent in Mahalaxmi →
Buyer & tenant demand in Mahalaxmi
Real Estate Mumbai has received 163 buyer & tenant enquiries for Mahalaxmi — 89 looking to buy and 38 to rent. The most-wanted configuration is 3 BHK & 2 BHK.
Own a property in Mahalaxmi? 163 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 | — | ₹3,50,000 | — |
| Lokhandwala Minerva | — | ₹4,00,000 | — |
| Lodha Primero | — | ₹2,20,000 | — |
| Prestige Jasdan Classic | — | ₹4,00,000 | — |
| Piramal Mahalaxmi Central Tower | ₹81,081 | ₹4,50,000 | — |
| Raheja Vivarea | — | ₹7,00,000 | — |
| Lodha Bellissimo | — | ₹4,00,000 | — |
| Piramal Mahalaxmi South Tower | — | ₹3,50,000 | — |
New projects in Mahalaxmi
Raheja Modern Vivarea North
BuilderK Raheja Corp
Rate₹1,25,000/sqft
StatusUnder Construction
Raheja Modern Vivarea South
BuilderK Raheja Corp
Rate₹1,10,000/sqft
StatusUnder Construction
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
Mahalaxmi property rates — FAQs
What is the price per sq ft of flats in Mahalaxmi in 2026?
As of 17 October 2026, flats for sale in Mahalaxmi have a median asking price of ₹72,000 per sq ft (carpet area), from 452 live listings on Real Estate Mumbai; the middle half ask ₹61,000 – ₹80,800 per sq ft. A 2 BHK rents for a median ₹2 Lac 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 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 WhatsAppLive figures 17 October 2026 · researched ranges May 2026 · Mahalaxmi rates tracked by Real Estate Mumbai since 1995 · compiled by Sandeep Sadh.
