Date: 06 October, 2025 Author: Team Piramal Realty
Mahalaxmi’s Iconic Racecourse Set to Transform into Mumbai Central Park
Historic yet evolving, Mumbai is poised to unveil a transformative chapter in urban development with the iconic Mahalaxmi Racecourse Mumbai set to become the sprawling Mumbai Central Park. This visionary redevelopment represents not only a spectacular leap for Mumbai’s open space planning but also a bold commitment to enhance the city’s livability, cultural heritage, and environmental sustainability. Situated in one of South Mumbai's most prestigious neighborhoods, the racecourse has long been a green sanctuary amid the city’s concrete sprawl.
In this blog, Piramal Realty dives into the ambitious scope of the Mumbai Central Park Project, reflecting on its potential to redefine public parks in Mumbai and multiply vital green spaces in Mumbai. Readers will gain insight into the comprehensive Mahalaxmi Racecourse transformation, exploring how this redevelopment balances preservation with innovation, impacts luxury living, and promises a fresh, accessible natural retreat for all Mumbaikars.
Mumbai Central Park Project, Revolutionizing Green Spaces in Mumbai
The Mumbai Central Park Project is envisioned as a 120-acre public park, carved out of the Mahalaxmi Racecourse grounds, designed to rival iconic urban parks worldwide, such as New York’s Central Park and London’s Hyde Park. The project's scale and ambition will provide Mumbaikars with a vast, interconnected green space, offering extensive recreational zones, cultural hubs, and ecological sanctuaries in the city’s dense fabric.
Boasting dedicated botanical gardens, cycling tracks, jogging paths, pedestrian subways, art and meditation zones, water bodies, and children’s play areas, Mumbai Central Park promises a balanced combination of serene natural retreat and vibrant social interaction spaces. This urban masterpiece emerging in the heart of Mumbai marks an unprecedented upgrade in how the city leverages its limited green resources.
A standout feature of the plan is the seamless integration of Mumbai Central Park with the 170 acres of open space created by the Coastal Road project, linked via an underground tunnel. This connection will allow citizens to access nearly 300 contiguous acres of open green landscape at one time, a rare urban amenity that elevates the scale and utility of urban outdoor spaces.
Mahalaxmi Racecourse Redevelopment, the Intersection of Heritage and Modernity
The Mahalaxmi Racecourse redevelopment intricately balances heritage preservation with modernization. While the Brihanmumbai Municipal Corporation (BMC) has taken control of 120 acres for public green spaces, the Royal Western India Turf Club (RWITC) retains rights over 91 acres dedicated to horse racing activities until 2053.
The redevelopment includes comprehensive plans to upgrade the existing clubhouse, gymkhana, banquet halls, spectator stands, and horse stables, incorporating modern safety, comfort, and luxury features. This ensures that while the racecourse evolves, its equestrian tradition and cultural significance endure.
Underground Innovations: Sports and Parking Facilities
Innovative underground development plans encompass a world-class sports hub complete with squash courts, skating rinks, athletics tracks, and shooting ranges beneath the racecourse’s central open area. A multi-level parking facility designed to accommodate up to 5,000 vehicles also underpins the redevelopment, addressing Mumbai’s chronic parking challenges in this high-demand neighborhood.
This vertical layering of sports and utility infrastructure underlines the project’s commitment to maximizing land use without compromising the park’s surface-level serenity and openness.
Why Mumbai Needs More Public Parks: The Role of Green Spaces in Urban Health
Mumbai’s population density and rapid urbanization have created an acute shortage of quality green areas. Public parks in Mumbai are vital for improving air quality, reducing urban heat island effects, promoting biodiversity, and enhancing mental and physical health.
The green spaces in Mumbai are increasingly becoming community lifelines, providing spaces for exercise, relaxation, socializing, and cultural events amid the city's clamor. Studies have shown that Mumbai is the lowest among Indian metros in terms of green space per capita highlighting the urgency of expanding public parks. Mumbai Central Park becomes not just a recreational space but an environmental necessity.
The project aligns with broader sustainability mandates, including the BMC’s Development Plan 2034, reflecting the government’s focus on creating climate-resilient urban environments. Sustainable landscaping with indigenous flora, water conservation through rainwater harvesting, and the use of eco-friendly materials are embedded within the design ethos.
Impact on Luxury Real Estate and Living Standards Near Mahalaxmi Racecourse
The redevelopment significantly enhances the vicinity’s allure for luxury homebuyers and investors. Premium real estate projects within Mahalaxmi, already among Mumbai's most exclusive addresses, will benefit from direct proximity to an expansive green oasis, elevated public amenities, and improved urban aesthetics. Properties nearby experience not just tangible appreciation in value but an intangible boost in lifestyle desirability. Residents gain instant access to tranquil walks, fitness zones, cultural programs, and widespread community engagement, defining hallmarks of elite urban living.
Piramal Realty’s luxury project in Mahalaxmi, Piramal Mahalaxmi, is strategically positioned to capitalize on the transformative energy of Mumbai Central Park. These residences offer a choice of elegant 2, 3, and 4 BHK layouts, with project status nearing possession and availability in both ready and near-ready options. Owners enjoy access to world-class amenities, including multiple pools, clubhouses, panoramic decks, fitness centers, and expansive green views, making everyday living truly elevated.
Frequently Asked Questions About Mumbai Central Park and Mahalaxmi Racecourse Transformation
What is the scope of the Mumbai Central Park Project?➕The project transforms 120 acres of Mahalaxmi Racecourse land into a vast, accessible urban park featuring gardens, play areas, sports facilities, and cultural spaces, integrated with the Coastal Road open space corridor.
Will horse racing activities continue at Mahalaxmi Racecourse?➕Yes, the Royal Western India Turf Club retains 91 acres for racing, with continuous upgrades ensuring safety and quality of events.
How does the park project impact air quality and urban temperature?➕It amplifies green coverage, which improves air purification, reduces the urban heat island effect, boosts local biodiversity, and offers a natural carbon sink within Mumbai’s dense environment.
How will the redevelopment influence nearby luxury home prices?➕Increased green spaces, stunning views, and healthy living are expected to lift property valuations and buyer demand of properties in Mahalaxmi.
What are some unique features planned for Mumbai Central Park?➕The park may have hiking trails, cycling paths, meditation zones, botanical collections, water features, and underground sports complexes with modern amenities.
Disclaimer - This article is based on the information publicly available for general use as well as reference links mentioned herein. The views expressed above are for informational purposes only based on industry reports and related news stories. Piramal Realty does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information. Piramal Realty expressly disclaims/disowns any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided here in.
