Squareyards Logo
Mumbai
Blogs DataIntelligence
New Advertise with us Sell or Rent Property
Login

Property Rates in Mahalaxmi, Mumbai

Comprehensive Market Snapshot

Mahalaxmi, Mumbai, presents a dynamic property market with an average asking price of ₹60,590 per sq ft. The registration rate stands at ₹15,910 per sq ft, reflecting significant transaction values. While average rental rates are not explicitly detailed for the entire location, the broader rental market shows a healthy rental yield of 4.69%, with apartments averaging ₹237 per sq ft. The market exhibits a range of property types and development stages, catering to diverse buyer needs.

  • Asking Sale Price₹ 60,590 /sq.ft
  • Govt. Registration Prices₹ 15,910 /sq.ft
  • Average Rental₹ 237 /sq.ft
  • Rental Yield4.69 %
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Government Registrations
  • Recent Transactions
  • Rental Trends
  • Other Property Rates

Insights for Mahalaxmi, Mumbai Real Estate Market

Mahalaxmi, Mumbai, showcases a property market with an average asking price of ₹60,590 per sq ft, and a registration rate of ₹15,910 per sq ft. Price trends indicate fluctuations, with rates reaching ₹75,399 per sq ft in June 2025 before settling at ₹60,590 per sq ft by March 2026. The rental market is active, boasting an average rental yield of 4.69% and an average rental rate of ₹237 per sq ft for apartments. This segment sees strong demand, with 1 BHK apartments averaging ₹38,500 per month and larger 5 BHK units commanding ₹12 Lakh per month. Government registrations show 28 transactions totaling ₹107 Cr between May 2025 and April 2026, with an average registered rate of ₹15,900 per sq ft. Top projects like K Raheja Vivarea and Piramal Mahalaxmi North Tower are key contributors to market activity, with asking rates in these premium developments reaching up to ₹83,927 per sq ft.

Market Strengths Market Strengths
  • Mahalaxmi's property market exhibits a strong average asking price of ₹60,590 per sq ft, indicating a premium location.
  • The rental market offers a healthy rental yield of 4.69%, suggesting good returns for investors.
  • Apartments in Mahalaxmi are priced attractively at ₹237 per sq ft on average, with a positive change percentage of 5.33%.
  • The presence of high-value projects like K Raheja Vivarea and Piramal Mahalaxmi North Tower, with asking rates exceeding ₹75,000 per sq ft, signifies a robust luxury segment.
  • A significant number of 'Ready To Move' properties (16 units) are available, catering to immediate housing needs.
  • The average registration rate of ₹15,910 per sq ft, alongside a gross transaction value of ₹107 Cr, points to substantial market liquidity and investor confidence.
Market Challenges Market Challenges
  • The average asking price in Mahalaxmi has shown a declining trend from ₹75,399 per sq ft in June 2025 to ₹60,590 per sq ft by March 2026.
  • Properties in 'Advanced Stage' are priced at ₹72,033 per sq ft with no reported change, suggesting a stable but potentially less dynamic segment.
  • The 'Well Occupied' property status averages ₹54,290 per sq ft with a decrease of -3.95%, indicating potential pricing adjustments in established buildings.
Investment Opportunities Investment Opportunities
  • Apartments in Mahalaxmi offer a competitive average rental rate of ₹237 per sq ft, with a rental yield of 4.69%.
  • Larger configurations like 4 BHK apartments are available for rent at ₹4.36 Lakh per month, catering to families seeking spacious living.
  • Investments in 'Under Construction' properties, currently averaging ₹58,402 per sq ft, may offer potential for capital appreciation as development progresses.
  • The rental market shows strong potential for 5 BHK apartments, averaging ₹12 Lakh per month, indicating demand for ultra-luxury rentals.
Property Valuation

Comprehensive assessment of your property's current worth in the current market
Get Valuation Report

Property Price Trends in Mahalaxmi, Mumbai

Asking Price Trends

The asking price in Mahalaxmi has seen a downward trend in recent quarters, moving from ₹75,399 per sq ft in June 2025 to ₹60,590 per sq ft by March 2026. Meanwhile, the micromarket rate has fluctuated, decreasing from ₹28,731 per sq ft in June 2025 to ₹46,372 per sq ft by March 2026.

Quarter City Rate
Mar 2026 60590
Dec 2025 62554
Sep 2025 64039
Jun 2025 75399
Square Yards' Data Intelligence powers real estate with the most comprehensive & accurate authenticated data. See how it can work for your business
Price Trends by Property Type

In Mahalaxmi, apartments are the primary residential offering, with an average price of ₹60,590 per sq ft, showing a slight decrease of -3.14%. Office spaces are also available, averaging ₹365 per sq ft with no reported change.

Type Rate (₹/sq.ft) Change %
Apartment 60,590 -3.14
Price Trends by Project Status

Mahalaxmi's real estate market features a diverse range of property statuses. Ready To Move properties, numbering 16 units, are priced at ₹49,084 per sq ft, indicating a slight dip of -1.45%. Under Construction projects, with 8 units, average ₹58,402 per sq ft, reflecting a -2.99% change. Mid Stage and Partially Ready To Move projects are available with fewer units but command higher rates.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 22 51,310 -1.95
Under Construction 8 58,402 -2.99
Price Trends by Localities

Mahalaxmi's property rates vary across its micro-locations. Worli commands an average of ₹74,027 per sq ft, while Upper Worli is priced at ₹61,111 per sq ft. Peddar Road shows a slightly higher rate at ₹63,369 per sq ft, and Tardeo leads with ₹73,967 per sq ft. Other areas like Agripada and Madanpura are more affordable, averaging around ₹35,573 per sq ft and ₹35,570 per sq ft respectively.

Location Rate (₹/sq.ft) Change %
Worli 74,027 12.7
Agripada 35,573 -10.7
Upper Worli 61,111 -28.3
Jacob Circle 44,040 -
Lower Parel 56,962 14.4
Chinchpokli 39,821 -
Peddar Road 63,369 1.8
Madanpura 35,570 -
Tardeo 73,967 12.9
Byculla East 35,250 -14.9

Project and Developer Insights

Top Projects in Mahalaxmi
Piramal Mahalaxmi is the top project in Mahalaxmi with prices from ₹ 5.50 Cr to 14.03 Cr.
Piramal Mahalaxmi ₹ 5.5 Cr - ₹ 14.03 Cr
  • Mumbai South, Mumbai
LnT Island Cove ₹ 3.23 Cr - ₹ 6.62 Cr
  • Mumbai South, Mumbai
JP Codename Matunga Origins ₹ 3 Cr - ₹ 4.32 Cr
  • Mumbai South, Mumbai
K Raheja Sobo Residences Price On Request
  • Mumbai South, Mumbai
Godrej Trilogy ₹ 15.6 Cr - ₹ 26 Cr
  • Mumbai South, Mumbai
Piramal Mahalaxmi ₹ 5.5 Cr - ₹ 14.03 Cr
  • Mumbai South, Mumbai
Ekta Vistabella ₹ 3.61 Cr - ₹ 7.05 Cr
  • Mumbai South, Mumbai
Adityaraj Pride ₹ 1.14 Cr - ₹ 1.14 Cr
  • Mumbai South, Mumbai
Runwal Timeless ₹ 1.55 Cr - ₹ 3.4 Cr
  • Mumbai South, Mumbai
Kalpataru Azuro ₹ 45 Cr - ₹ 71.98 Cr
  • Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Projects by Listing Rates

Premium residential projects in Mahalaxmi are setting high benchmarks for asking prices. K Raheja Vivarea leads with a rate of ₹83,927 per sq ft, closely followed by Piramal Mahalaxmi North Tower at ₹79,422 per sq ft. Runwal 7 Mahalaxmi shows a significant increase of 51.18%, currently priced at ₹78,252 per sq ft. These top-tier developments highlight the luxury segment of the Mahalaxmi property market.

  • Listing Rate
Project Name Rate (₹/sq.ft) Change %
K Raheja Vivarea 83,927 -0.2
Piramal Mahalaxmi North Tower 79,422 1.6
Runwal 7 Mahalaxmi 78,252 51.2
Db Orchid Turf View 75,004 4.5
Piramal Mahalaxmi Central Tower 2 73,665 0.6
Mahalaxmi Arch 73,564 -3.5
Mittal Sheela Apartments 72,222 -
Piramal Mahalaxmi 72,033 -1.6
Godrej One Mahalaxmi 64,269 7.6
Lokhandwala Minerva Mahalaxmi 64,079 11.2
Top Projects by Rental Rates

Premium rental projects in Mahalaxmi include K Raheja Vivarea Mumbai, listed at ₹275 per sq ft, and Piramal Mahalaxmi North Tower at ₹271 per sq ft. Other notable projects like K Raheja Vivarea and Godrej One Mahalaxmi also feature competitive rental rates, indicating a strong luxury rental market.

Project Name Rate (₹/sq.ft) Change %
K Raheja Vivarea Mumbai 275 0.73
Piramal Mahalaxmi North Tower 271 -2.17
K Raheja Vivarea 265 -2.21
K Raheja Vivarea Building No 3 Tower E 261 -
Godrej One Mahalaxmi 255 -
Db Orchid Turf View 250 -
Piramal Mahalaxmi 226 -37.74
Lokhandwala Infrastructure Minerva 224 17.28
Piramal Mahalaxmi Central Tower 2 218 -
Piramal Mahalaxmi Central Tower 212 3.41
Top Developers in Mumbai
Lodha leads in Mumbai with 106 projects and 39 years of experience.
DLF
Lodha ₹ 67.27 L - ₹ 98.70 Cr
  • 106 Projects
  • 39 Years
DLF
Runwal ₹ 86 L - ₹ 60 Cr
  • 66 Projects
  • 41 Years
DLF
Godrej ₹ 1.07 Cr - ₹ 87.92 Cr
  • 43 Projects
  • 29 Years
DLF
Mahindra Lifespaces ₹ 1.11 Cr - ₹ 16 Cr
  • 35 Projects
  • 25 Years
DLF
K Raheja Corp ₹ 1.30 Cr - ₹ 70 Cr
  • 27 Projects
  • 63 Years
DLF
Piramal Realty ₹ 89 L - ₹ 15.71 Cr
  • 20 Projects
  • 7 Years
DLF
Prestige ₹ 2.4 Cr - ₹ 50.68 Cr
  • 9 Projects
  • 33 Years
DLF
Hubtown ₹ 38.9 L - ₹ 75.54 Cr
  • 55 Projects
  • 33 Years
DLF
DB Realty ₹ 51.64 L - ₹ 15.05 Cr
  • 33 Projects
  • 17 Years
DLF
Lokhandwala Kataria Construction ₹ 1.66 Cr - ₹ 15.00 Cr
  • 17 Projects
View More

Government Registration in Mahalaxmi, Mumbai

  • Sales Transactions28
  • Gross Sales Value₹ 107 Cr
  • Registered Rate₹ 15,900 /sq.ft

Mahalaxmi recorded 28 property registrations between May 2025 and April 2026, with a gross transaction value of ₹107 Cr. The average registration rate during this period was ₹15,900 per sq ft, indicating significant investment in the area.

Recent Registered Transactions in Mahalaxmi

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-03-04 Floor 2, Unit 205 C 270 Sq.Ft. 🔒 🔒
2026-02-24 Floor 6, Unit 608 N/A 270 Sq.Ft. 🔒 🔒
2026-02-18 Floor 14, Unit 1409 C 323 Sq.Ft. 🔒 🔒
2026-02-18 Floor 11, Unit 1107 C 269 Sq.Ft. 🔒 🔒
2025-12-24 Floor 3, Unit 302 2 520 Sq.Ft. 🔒 🔒
2025-12-01 Floor 13, Unit 1302 B1 360 Sq.Ft. 🔒 🔒
2025-12-01 Floor 31, Unit 3105 C 790 Sq.Ft. 🔒 🔒
2025-09-24 Floor 17, Unit 1713 C 366 Sq.Ft. 🔒 🔒
2025-09-23 Floor 64, Unit 6402 A 1712 Sq.Ft. 🔒 🔒
2025-08-22 Floor 14, Unit 1414 N/A 300 Sq.Ft. 🔒 🔒

Property Rental Trends in Mahalaxmi, Mumbai

Rental Trends by Unit Type

The rental market in Mahalaxmi caters to a range of unit types, with 1 BHK apartments averaging ₹38,500 per month and 2 BHKs at ₹1.71 Lakh per month. Larger residences, such as 3 BHKs, command ₹3.09 Lakh per month, while 4 BHKs are available for ₹4.36 Lakh per month, and 5 BHKs reach ₹12 Lakh per month.

Unit Type Rate (₹)
1 Bhk 38,500
2 Bhk 1,71,094
3 Bhk 3,08,504
4 Bhk 4,35,625
5 Bhk 12,00,000
Rental Trends by Nearby Localities

Within Mahalaxmi, rental rates vary by sub-location, with Mahalaxmi Racecourse averaging ₹293 per sq ft and Upper Worli at ₹269 per sq ft. Worli sees rentals at ₹240 per sq ft, while Lower Parel averages ₹194 per sq ft. Agripada and Chinchpokli offer more affordable options at ₹135 per sq ft and ₹129 per sq ft, respectively.

Locality Rate (₹/sq.ft) Change %
Mahalaxmi Racecourse 293 -
Arthur Rd 225 -
Worli 240 -4.76
Agripada 135 -
Worli Naka 169 -
Upper Worli 269 -5.28
Jacob Circle 204 -
Dairy Colony 233 -
Lower Parel 194 8.99
Chinchpokli 129 -
Rental Trends by Property Type

Apartments in Mahalaxmi are a popular rental choice, averaging ₹237 per sq ft with a positive year-on-year change of 5.33%. Office spaces are also available, commanding a higher average rental rate of ₹365 per sq ft.

Property Type Rate (₹/sq.ft) Change %
Office Space 365 -
Apartment 237 5.33
Country/City
Popular Searches
Property Type
New Projects in Mumbai
Popular Locality Categories in Mumbai
By BHK
Budget
Popular Searches
Property Type
By BHK
Budget
By Occupant Type
For Buyers / Owners
For Tenants
For Agents
For Builders & Banks