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.
Estimated Property Prices in Mahalaxmi
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.
Branded towers price above the average — DB Orchid Turf View around ₹77,300/sq.ft, K Raheja Vivarea ₹74,950, Piramal Mahalaxmi ₹73,750 and Godrej One Mahalaxmi ₹66,650 — with large homes running ₹12–25 Cr.
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.
Mahalaxmi Property 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.
Earlier points are derived from published appreciation data for property rates in Mahalaxmi (+29.7%/5yr, +22.5%/3yr).
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Mahalaxmi to get an instant range, between the indicative transaction benchmark and the current asking rate.
Estimate only, based on carpet area (per RERA’s mandatory quoting rule) — actual value depends on the specific unit.
This is a quick estimate using this locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
Live Listings in Mahalaxmi
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.
Talk to an advisor about Property Rates in Mahalaxmi, Mumbai (2026)
Get a free valuation, or ask about current listings and rates in this locality — no obligation.
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.
At about ₹63,000/sq.ft asking, property rates in Mahalaxmi are up — independent sources put the locality between ₹60,600 and ₹64,991, above the ₹58,000 figure carried on older indices. Jacob Circle specifically runs closer to ₹67,000.
Registered-deal data here is thin and unrepresentative: government records show only 13 sales over the year to August 2026, almost all chawl and rehab stock, at an average that means little for the open market. This page uses ₹48,000/sq.ft as an indicative transaction mid-point instead.
Demand is driven by the racecourse and sea outlook, Metro Line 3, and proximity to the Lower Parel and BKC office belts — which also underpins a 4.7% rental yield, among the highest in South Mumbai. Mahalaxmi is not a major office district in its own right.
What Affects Prices in Mahalaxmi
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.
What is the average rent in Mahalaxmi?
Based on independent market research, a 1 BHK in Mahalaxmi rents for around ₹40,200/month, a 2 BHK around ₹1.81 Lakh/month, and a 3 BHK around ₹3.13 Lakh/month, for a gross yield near 4.7%.
Are these rates guaranteed, and how are they calculated?
No — the asking, transaction and Ready Reckoner rates are sourced from independent third-party market research, not guaranteed or a substitute for a professional valuation.
Asraa Realty separately began recording its own monthly rate snapshot for this locality on 6 September 2026. For an exact, property-specific figure, use the enquiry form above.
About Our Property Rate Data
Rates on this page — asking, transaction benchmark, Ready Reckoner, BHK and rental figures — are drawn from independent published research and government records, not generated by Asraa Realty.
All figures are on a carpet-area basis, per RERA’s mandatory quoting requirement. The headline figure for property rates in Mahalaxmi is bracketed by independent sources between ₹60,600 and ₹64,991/sq.ft.
Registered-deal data is not usable here (about 13 deals in a year, almost all chawl and rehab stock at ₹15,000–16,000/sq.ft); this page uses ₹48,000 as an indicative transaction mid-point derived from the discount typical of this belt.
The Ready Reckoner is a published but low band relative to market. Actual prices vary sharply by building, tenure and floor. Use the enquiry form above for a precise, property-specific estimate.
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