Property Rates in Mahalaxmi, Mumbai 2026

Property rates in Mahalaxmi have shown a mixed trajectory throughout the recent quarters. As of June 2026, the location rate stands at ₹62,850 per sq ft, up from ₹60,600 per sq ft in March 2026. Prior to this, the rate saw a decline from ₹62,550 per sq ft in December 2025 to ₹60,600 per sq ft in March 2026, indicating that the market is currently navigating a period of price volatility.

The average asking price in Mahalaxmi is significantly higher than the Government Registration Rate as of June 2026. While the average asking price is ₹60,600 per sq ft, the Government Registration Rate is recorded at ₹15,300 per sq ft for the period of September 2025 to August 2026. This gap is common in premium real estate markets where market-driven valuations often exceed government-benchmarked registration values.

As of June 2026, Ready To Move properties in Mahalaxmi command an average price of ₹48,400 per sq ft, which has depreciated by 1.91% compared to the previous period. In contrast, Under Construction properties are priced at an average of ₹54,400 per sq ft, reflecting a depreciation of 6.89% over the same timeframe. This pricing structure indicates that buyers are currently finding more competitive entry points in the ready-to-move segment compared to ongoing projects.

The average rental yield in Mahalaxmi is 4.69% as of June 2026, which provides a key metric for investors evaluating income potential against capital outlay. With an average rental rate of ₹237 per sq ft, which has appreciated by 5.33% compared to the previous period, the locality remains an attractive proposition for those seeking a balance between long-term capital appreciation and consistent rental income.

Rental rates in Mahalaxmi vary significantly based on the configuration as of June 2026. A 1 BHK apartment typically commands ₹40,200 per month, while 2 BHK units average ₹1.81 Lakh per month. For larger configurations, 3 BHK units rent for approximately ₹3.13 Lakh per month, 4 BHK units for ₹3.89 Lakh per month, and 5 BHK luxury residences can reach up to ₹12 Lakh per month. These figures help tenants and investors understand the premium placed on space and luxury amenities within this high-end market.

As of June 2026, premium projects such as K Raheja Vivarea Mumbai lead the market with a current rental rate of ₹275 per sq ft, showing an appreciation of 0.73% from the previous period. Other top-tier projects include Piramal Mahalaxmi North Tower at ₹271 per sq ft (depreciated by 2.17%) and K Raheja Vivarea at ₹265 per sq ft (depreciated by 2.21%). These projects consistently attract high rentals due to their superior infrastructure and prime location within the Mahalaxmi micromarket.

Rental rates for residential properties show notable variation across the vicinity of Mahalaxmi as of June 2026. Areas like Worli, Arthur Rd, and Upper Worli command an average rental rate of ₹250 per sq ft, with Worli experiencing an appreciation of 7.92%. Conversely, areas like Chinchpokli offer more accessible rental rates at ₹100 per sq ft, which has depreciated by 4.65%, highlighting the diverse rental landscape available to prospective tenants depending on their proximity to the city center.

As of June 2026, the average price for apartments in Mahalaxmi is ₹62,850 per sq ft. This category has seen an appreciation of 3.73% compared to the previous period, signaling sustained demand for high-quality apartment living in this established residential hub.

Investors should view the current average asking price of ₹60,600 per sq ft in June 2026 in the context of the recent 3.14% depreciation. While the market has seen some price correction, the presence of premium projects and a healthy rental yield of 4.69% suggest that Mahalaxmi remains a strategic choice for long-term wealth creation rather than short-term speculative gains.