Piramal Mahalaxmi Mahalaxmi, Mumbai
Piramal Mahalaxmi is a high-rise residential project in Mahalaxmi, Mumbai, from Piramal Realty. Spread across 6.84 Acres, it offers 2, 3, 4 BHK homes sized from 740 Sq.Ft. to a larger 4 BHK option, priced between ₹ 5.46 Cr and ₹ 14.03 Cr. The project is RERA registered and currently Partially Ready To Move, though it's worth asking the developer directly which of its three towers are already complete, since the page's own construction updates show some inconsistency on this point.
What sets Piramal Mahalaxmi apart is its biophilic design, built around views of the Mahalaxmi Racecourse and the Arabian Sea, with an observatory deck for stargazing rarely seen in city living. Piramal Realty brings a design-forward, quality-focused reputation to one of South Mumbai's most established addresses. Asking prices in Mahalaxmi currently run well above the broader locality average, reflecting this project's premium positioning even within an expensive part of the city. It suits buyers wanting a landmark South Mumbai address with genuine amenity depth and strong long-term appreciation potential.
₹5.46 Cr - 14.03 Cr
₹71,350 Per Sq. Ft.
About Piramal Mahalaxmi, Mahalaxmi by Piramal Realty
Piramal Mahalaxmi is a Partially Ready To Move residential project from Piramal Realty in Mahalaxmi, Mumbai, spread across 6.84 Acres. It's built around 1,055 units across three towers, South, Central, and North, offering 2, 3, 4 BHK homes. What matters most here is confirming the actual construction status of your specific tower directly, since the page's own recent updates show construction percentages that don't track consistently over time.
Key Project Details
| Parameter | Detail |
|---|---|
| Project Name | Piramal Mahalaxmi |
| Developer | Piramal Realty |
| Location | Mahalaxmi, Mumbai |
| Configuration | 2, 3, 4 BHK |
| Size Range | 740 Sq.Ft. onwards |
| Price Range | ₹ 5.46 Cr to ₹ 14.03 Cr |
| Total Units | 1,055 |
| Total Area | 6.84 Acres |
| Possession Status | Partially Ready To Move |
| Possession Date | |
| RERA Number(s) | P51900015854 |
What makes this project different
- Biophilic design built around genuine views of the Mahalaxmi Racecourse and the Arabian Sea
- An observatory deck for stargazing, a rare inclusion in dense city living
- An indoor climbing wall and squash court alongside the more usual gym and pool combination
- A library and co-working space, useful for residents who work from home
- Located within reach of multiple Central Business Districts, Lower Parel, Nariman Point, BKC, and Ballard Estate
Since this project spans three separately registered towers, always ask which specific tower your unit belongs to and get that tower's current, verified construction and occupancy status in writing rather than relying on the project's single overall status label.
Piramal Mahalaxmi Price List, Price Trends and Market Insights
Price List
View the latest price list for Piramal Mahalaxmi.
*Prices are indicative and subject to applicable charges and project terms.
Price Trends
Piramal Mahalaxmi's average asking price is cooling quarter-on-quarter, compared with Mahalaxmi.
- Current asking price
- ₹ 71,350/sq.ft.
- Quarter over quarter price change
- -3.3% QoQ
Comparable Projects
Piramal Mahalaxmi avg. price is ₹ 71.3 K/Sq.Ft. compared to Mahalaxmi at ₹ 62.9 K/Sq.Ft.
Rentals
Monthly Rent in Piramal Mahalaxmi ranges from ₹ 1.7 L to ₹ 3.6 L with options available for 2,3,4 BHK units
Recent Updates
Get the latest price and market updates for Piramal Mahalaxmi.
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BMC's First Cable-Stayed Bridge Over Railway Tracks Nears Completion
BMC is on track to complete its first cable-stayed bridge over railway tracks near Mahalaxmi station by December 31, 2026. The 803-meter-long bridge will connect Saat Rasta with Mahalaxmi Maidan, aiming to improve traffic flow and connectivity in the area.
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A total of 43 residential transactions has been registered so far for Piramal Mahalaxmi, amounting to ₹ 310 Cr till August 2026.
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Mahalaxmi Skywalk Nears Completion, Set to Integrate Metro, Monorail, and Rail Networks
The MMRDA is nearing the completion of Mumbai's Mahalaxmi multimodal hub, which features India's first travelator skywalk. This project aims to seamlessly connect Mahalaxmi railway station, Metro Line 3, and Sant Gadge Maharaj Chowk Monorail station.
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Rent in Piramal Mahalaxmi ranges from ₹ 25 K to ₹ 4 L with options available for 1 BHK, 2 BHK, 3 BHK, 4 BHK.
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During Q1'2026, average property prices for Piramal Mahalaxmi moved from ₹ 73,650/sqft to ₹ 73,750/sqft, reflecting a 0.14% rise.
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Mumbai Metro Line 3 (Aqua Line) Fully Operational, Enhancing Connectivity
The Mumbai Metro Line 3, also known as the Aqua Line, is fully operational, connecting Cuffe Parade to Aarey JVLR. The 33.5-km underground line has 27 stations and is expected to serve 13 lakh passengers daily. The final phase was inaugurated on October 9, 2025, and integrates with existing transport networks, providing connectivity to business hubs, entertainment zones, and airports.
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During Q4'2025, average property prices for Piramal Mahalaxmi moved from ₹ 73,200/sqft to ₹ 73,650/sqft, reflecting a 0.61% rise.
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External Works has reached 100%, MEP Services including lift and staircases, are now 100% done.
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A total of 307 out of 376 launched units have been booked as of February 2025, including 85% of 3 BHK(153 out of 181 units), 79% of 2 BHK(152 out of 193 units), 100% of 4 BHK(2 units).
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External Works has reached 95%, MEP Services including lift and staircases, are now 98% done.
Govt. Registrations
43 Sales Transactions Registered in Piramal Mahalaxmi From Sep 25 to Aug 26 at Avg. Price ₹ 71.3 K/Sq.Ft.
Transaction Period Sep 25 to Aug 26
Piramal Mahalaxmi Floor Plans
Piramal Mahalaxmi offers 2, 3, 4 BHK apartments across five listed size and price points, from a 2 BHK at 740 Sq.Ft. up to a 4 BHK at 1,850 sq ft. Worth knowing: the project's own construction updates reference an additional "5 BHK and more" category not reflected anywhere in the structured price list or floor plans shown here.
Configuration and Pricing
| Unit Type | Carpet Area | Price |
|---|---|---|
| 2 BHK Apartment | 740 Sq. Ft. | ₹ 5.46 Cr |
| 3 BHK Apartment | 1152 Sq. Ft. | ₹ 8.80 Cr |
| 3 BHK Apartment | 1451 Sq. Ft. | ₹ 11.00 Cr |
| 4 BHK Apartment | 1495 Sq. Ft. | ₹ 11.34 Cr |
Note: the project lists one additional 4 BHK variant beyond these four. The full range is captured under 2 BHK: ₹ 5.46 Cr, 3 BHK: ₹ 8.80 Cr, 4 BHK: ₹ 11.34 Cr.
Which floor plan should a buyer choose?
Want the most accessible entry point? The 2 BHK at ₹ 5.46 Cr is the lowest price on the current list, though still firmly in the premium bracket for this address.
Need more space for a family? Either 3 BHK option adds meaningful room, with a real price step between the two sizes.
Prioritising space and views above all else? The larger 4 BHK at ₹ 11.34 Cr tops out the current list and delivers the most room on offer.
What to verify before booking
- Confirm which tower, South, Central, or North, your specific unit belongs to, and ask for that tower's current occupancy certificate status, since the project's overall "Partially Ready To Move" label can mask real differences between towers.
- Ask the developer to clarify the construction progress figures directly, since the page's own updates show percentages that don't track consistently upward over time.
- Get the RERA-linked payment schedule tied to actual construction milestones for your specific tower.
- Ask directly about the "5 BHK and more" category referenced in the project's update log, since this configuration doesn't appear in the current price list or floor plans.
- Clarify current maintenance charges directly with the developer, since these aren't listed on the project page.
For a project with towers at different completion stages, always ask for the specific tower's occupancy certificate number rather than accepting a general "partially ready" status at face value.
- 2D, 3D & video tour
- Room-by-room dimensions
- Vaastu compatibility check
- Interior Design Packages
Price:₹ 5.46 Cr
- 2D, 3D & video tour
- Room-by-room dimensions
- Vaastu compatibility check
- Interior Design Packages
Price:₹ 8.80 Cr
- 2D, 3D & video tour
- Room-by-room dimensions
- Vaastu compatibility check
- Interior Design Packages
Price:₹ 11.00 Cr
- 2D, 3D & video tour
- Room-by-room dimensions
- Vaastu compatibility check
- Interior Design Packages
Price:₹ 14.03 Cr
- 2D, 3D & video tour
- Room-by-room dimensions
- Vaastu compatibility check
- Interior Design Packages
Price:₹ 11.34 Cr
Master Plan, Photos, Videos & Brochure of Piramal Mahalaxmi
Explore the master plan, project photos and walkthrough videos of Piramal Mahalaxmi to understand the overall layout, tower placement, amenities, landscaped spaces and key highlights before making your buying decision.
Master Plan 1
Piramal Mahalaxmi is a residential development featuring three distinct towers: Tower I (South), Tower II (Central), and Tower III. The master plan does not specify the total land area, number of units, or project launch and completion dates.
The master plan allocates significant space to residential towers and integrates extensive green and open areas, alongside clearly designated amenity zones. Specific percentages for land use or units per acre are not visible.
- An internal network of pathways and access routes connects the various towers and amenity areas within the development.
- Specific primary access points or external road connections are not explicitly indicated on the master plan.
- No road widths are provided.
- A prominent central circular plaza with a significant landscaped area, featuring what appears to be a large water element.
- Multiple swimming pools are distributed across the property, including a large recreational pool with marked lanes.
- Dedicated outdoor sports facilities, such as what resembles a tennis or basketball court, are available.
- The development includes vast green spaces, gardens, and pedestrian-friendly pathways integrated throughout.
- No specific numerical dimensions for buildings, amenity areas, or land parcels are provided in the master plan.
- Capacities for any facilities are not indicated.
- Exact figures for open space allocation or building heights are not explicitly stated.
Download brochure, master plan & walkthrough video of Piramal Mahalaxmi to explore floor plans, layout, and complete project details in Mahalaxmi, Mumbai.
Expert Review
Amenities & Specifications of Piramal Mahalaxmi
Piramal Mahalaxmi backs its biophilic design with a genuinely resort-style amenity list, an infinity pool with jacuzzi, an indoor climbing wall, and an observatory deck all point to a project built for residents who want more than the standard clubhouse experience.
Sports and Fitness
| Amenity |
|---|
| Gymnasium |
| Swimming Pool |
| Kids' Pool |
| Badminton Court(s) |
| Tennis Court(s) |
| Squash Court |
| Cricket |
| Kids' Play Areas / Sand Pits |
| Basketball |
| Volleyball |
| Yoga Areas |
| Jogging / Cycle Track |
| Table Tennis |
| Snooker/Pool/Billiards |
| Rappelling/Rock Climbing |
That's an unusually complete sports list for a high-rise project, an indoor climbing wall alongside squash and cricket facilities gives residents a genuinely wide range of options without leaving the building.
Convenience and Safety
| Amenity |
|---|
| Power Backup |
| Solar Heaters |
| Treated Water Supply |
| 24x7 Water Supply |
| Lift |
| Party Lawn |
| 24 x 7 Security |
| CCTV / Video Surveillance |
| Fire Fighting Systems |
| Intercom Facility |
| Video Phone |
Solar heaters alongside standard power backup is a small but genuinely useful combination, cutting down on running costs for hot water in a building this size.
Leisure and Environment
| Amenity |
|---|
| Cafe / Coffee Bar |
| Reading Room/Library |
| Party Hall |
| Clubhouse |
| Amphitheater |
| Indoor Games |
| Spa |
| Jacuzzi |
| Rain Water Harvesting |
| Sewage Treatment Plant |
| Large Green Area |
The observatory deck and open-air amphitheatre both point to a building designed around shared, scheduled experiences. Ask how often these spaces are actually programmed for residents before assuming daily access.
Sports
- Gymnasium
- Swimming Pool
- Kids' Pool
- Badminton Court(s)
- Tennis Court(s)
- Squash Court
- Cricket
- Kids' Play Areas / Sand Pits
- Basketball
- Volleyball
- Yoga Areas
- Jogging / Cycle Track
- Table Tennis
- Snooker/Pool/Billiards
- Rappelling/Rock Climbing
Specifications
- Master Bedroom-Walls
- Acrylic Emulsion
- Master Bedroom-Flooring
- Vitrified Tiles
- Fittings & Fixtures
- Wardrobes, Split Air Conditioner
- Other Bedrooms-Flooring
- Vitrified Tiles
- Walls
- Acrylic Emulsion
- Living Area-Flooring
- Vitrified Tiles
- Kitchen-Equipments
- Modular Kitchen, Hob, Chimney
- Bathroom
- Shower Panel, Geyser, Premium Bath Fittings, Exhaust Fan
- Structure
- RCC Frame Structure
Location and Connectivity Around Piramal Realty Mahalaxmi
Mahalaxmi is a well-known South Mumbai neighbourhood, home to the Mahalaxmi Temple and close to the Arabian Sea and Malabar Hill. The page's own locality data points to excellent transit connectivity alongside a specifically flagged traffic congestion concern. Asking prices in Mahalaxmi's broader market sit well below what Piramal Mahalaxmi itself commands, underlining just how much of a premium this specific project carries even in an expensive part of the city.
Connectivity
| Route/Road | Distance |
|---|---|
| Eastern Express Highway | 1 km |
| N M Joshi Marg | 0.6 km |
| Dr E Moses Marg | 0.25 km |
| Mahalaxmi Railway Station | 0.85 km |
| Bandra Worli Sea Link | 6.6 km |
| International Airport | 17.4 km |
Schools
| School | Distance |
|---|---|
| St Ignatius High School | 0.1 km |
Gloria Convent High School and Suffah English School are also named in the project's own family-focused location widget, alongside Dhirubhai Ambani International School, The Cathedral & John Connon School, and other prestigious institutions named in the broader "About" location notes.
Hospitals
| Hospital | Distance |
|---|---|
| Municipal Dispensary Rasul Jeera Compound | 0.3 km |
Wockhardt Hospital, Jaslok Hospital, Breach Candy Hospital Trust, and Sir H.N. Reliance Foundation Hospital are also named in the project's own location notes as part of the wider healthcare access in the area.
Shopping and Retail
High Street Phoenix Mall and Palladium Mall are both named in the project's own location notes as nearby retail destinations, alongside Wankhede Stadium and the Mahalaxmi Racecourse for entertainment.
Is this a practical daily address?
This is one of Mumbai's more established, well-connected addresses. St Ignatius High School sits barely a hundred metres out, Mahalaxmi Railway Station is under a kilometre away, and multiple Central Business Districts are within easy reach. The locality's own data does flag high traffic congestion and frequent jams as a genuine drawback, common for a dense, centrally located part of South Mumbai. Project reviews echo the location's convenience directly, though one specifically notes the possession timeline feels distant relative to the project's premium pricing.
Mahalaxmi's excellent multi-line rail and highway connectivity is a genuine strength, backed further by planned Metro Line 11, Metro Line 2B, and Metro Line 8 extensions referenced in the project's own notes. Buyers should weigh that long-term upside against the locality's current, specifically flagged traffic congestion.

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RERA Details of Piramal Mahalaxmi
Piramal Mahalaxmi is registered under three separate RERA numbers, P51900015854, one for each tower, Central, North, and South. Worth flagging directly: each of these three towers also appears elsewhere on Square Yards as its own separate, standalone project listing with a different price range than what's shown on this combined page, so confirm you're looking at the right listing for the specific tower and unit you want.
RERA Parameter Table
| Parameter | Detail |
|---|---|
| RERA Registration Number(s) | P51900015854 |
| Registering Authority | MahaRERA (Maharashtra Real Estate Regulatory Authority) |
| Project Status | Partially Ready To Move |
| Possession Date | |
| Square Yards RERA Registration | A51800000454 |
Key buyer protections
- Buyer funds are routed through an escrow account, with a fixed share reserved strictly for construction costs
- The developer is bound to the specifications and amenities declared at the time of RERA registration for each tower
- Missing a RERA-declared possession date entitles buyers to compensation under the 2016 Act
- Each of the three RERA numbers listed above can be checked independently on the MahaRERA portal before making any payment
Stamp Duty and Registration (Mumbai, Maharashtra - standard government charges)
| Ownership Type | Stamp Duty |
|---|---|
| Male Ownership | 6% |
| Female Ownership | 5% |
| Joint Ownership | 5.5% |
Registration adds 1% of the total transaction value on top. These are standard Maharashtra government charges, not specific to this project.
Verification Portal: Buyers can verify any of the three RERA numbers directly on the MahaRERA portal at maharerait.maharashtra.gov.in before making any payment.
- Square Yards RERA Reg. A51800000454
Property Registration Data
43 Sales Transactions Registered in Piramal Mahalaxmi From Sep 25 to Aug 26 at Avg. Price ₹ 71.3 K/Sq.Ft.
How does Piramal Mahalaxmi compare with similar projects?
Piramal Realty Track Record
Piramal Mahalaxmi is brought to you by Piramal Realty, a company with a distinguished track record in creating exceptional residential spaces. They have successfully delivered 33 completed projects, showcasing a deep understanding of homebuyer needs and aspirations. Their commitment to quality is evident in every development, with a focus on community building and creating environments that foster family well-being. The developer's expertise is further highlighted by their 7 years of experience, underscoring their reliability and dedication to crafting desirable homes. This project embodies their core values, offering residences that are not just living spaces but vibrant communities, reflected in the 3.8 and 5 customer reviews.
Resale & Rental Listings in Piramal Mahalaxmi
Explore resale and rental listings currently available in Piramal Mahalaxmi, Mumbai.
Frequently Asked Questions About Piramal Mahalaxmi
Piramal Mahalaxmi offers 2, 3, 4 BHK apartments, with carpet areas between 740 Sq.Ft. and 1,850 sq ft across five listed size variants.
Prices at Piramal Mahalaxmi range from ₹ 5.46 Cr to ₹ 14.03 Cr, per the project's current price list.
Yes. Piramal Mahalaxmi carries three separate RERA registrations, P51900015854, one for each of its three towers, all verifiable on the MahaRERA portal.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (Regulation & Development) Act, 2016.