These are the latest property rates in Mahalaxmi, Mumbai — the racecourse and mill-land district around Jacob Circle and Keshavrao Khadye Marg — with configuration-wise price estimates, rental figures and how Mahalaxmi compares with its neighbours.
Property Rates in Mahalaxmi by BHK
These property rates in Mahalaxmi reflect actual listed prices on a carpet-area basis, across Jacob Circle, the Race Course edge and the mill-land redevelopment cluster.
Rental Rates in Mahalaxmi
From independent market research, not Asraa Realty’s own rental listings. A 4 BHK rents around ₹3.89 Lakh/month. The average rental rate is about ₹237/sq.ft/month, a gross yield near 4.7% — among the highest in South Mumbai, on strong demand from the Lower Parel and BKC office belts.
Property Rates in Mahalaxmi: Price Trend
Mahalaxmi ran up hard through 2023–25 (+22.5% over three years) and has been broadly flat over the last few quarters near its peak.
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Mahalaxmi & Neighbouring Localities
| Locality | Rate | vs Mahalaxmi |
|---|---|---|
| Worli | ₹73,000 | +16% |
| Mahalaxmi (this locality) | ₹63,000 | — |
| Lower Parel | ₹54,000 | -14% |
| Byculla | ₹45,500 | -28% |
Worli, Lower Parel and Byculla are all independently researched and cross-verified as of 6 September 2026.
Mahalaxmi sits between Worli and the Byculla–Parel belt. Its branded racecourse-facing towers overlap the Worli price band, while its interior chawl stock trades far lower.
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Chat on WhatsApp or call +91 96199 73211About Mahalaxmi
Mahalaxmi is the South-Central district built around the Mahalaxmi Racecourse and the Mahalaxmi temple, on the Western Line between Lower Parel and Mumbai Central.
Jacob Circle (Saat Rasta), Keshavrao Khadye Marg and a belt of redeveloped mill and chawl land make up its residential core, with a Metro Line 3 station now added.
What Affects Prices in Mahalaxmi
Compare all flats for sale in Mahalaxmi, with prices and possession in one place.
Frequently Asked Questions
Common questions about property rates in Mahalaxmi, covering residential and rental figures.
What is the current property rate in Mahalaxmi?
The average asking rate for property rates in Mahalaxmi is around ₹63,000 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹60,600 and ₹64,991, above the ₹58,000 figure carried on older indices.
An indicative transaction benchmark — not independently verified — is around ₹48,000 per sq.ft. The government Ready Reckoner rate (built-up area) runs a ₹17,650–23,200 per sq.ft band.
Why is registered-deal data for Mahalaxmi unreliable?
Government records show only about 13 registered sales in Mahalaxmi over the year to August 2026, worth ₹22 crore in total — a tiny sample.
Almost all of it is chawl and rehab-allotment stock that registers far below open-market value, so the reported registered average (near ₹15,000–16,000/sq.ft) is not representative. This page uses ₹48,000 as an indicative mid-point instead.
What is the price range for a flat in Mahalaxmi?
Based on current market listings, a 1 BHK in Mahalaxmi is typically ₹2.50–4.00 Cr, a 2 BHK ₹4.50–7.00 Cr, and a 3 BHK ₹6.50–11.00 Cr on a carpet-area basis.
Branded towers — DB Orchid Turf View, K Raheja Vivarea, Piramal Mahalaxmi, Godrej One Mahalaxmi — run ₹66,000–77,300/sq.ft.
Property rates in Mahalaxmi on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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