Flats in Mahalaxmi represent one of South Mumbai’s most coveted addresses, where residences rise high above the Mahalaxmi Racecourse and the Arabian Sea. This is a locality defined by open space, uninterrupted views, and a rare calm at the centre of the city — minutes from Lower Parel and Worli yet a world apart in atmosphere. Piramal Mahalaxmi is a landmark development that embodies the prestige and lifestyle of this South Mumbai neighbourhood.
Artist’s impressionLocated at the center of the project, the Central Tower has just 4 apartments on every floor and takes luxury & privacy to the next level. Here residents can enjoy unobstructed views of the Mahalaxmi Racecource and the Arabian Sea.
Rooftop Observatory Deck
Dedicated Swimming Pool
Exclusive Fitness Center
Artist’s impressionThe North Tower is the tallest tower in the development, offering residents a true high-rise luxury experience, with unobstructed views of the Mahalaxmi Racecourse and the Arabian Sea.
Rooftop Observatory DeckExclusive Fitness Center
Library / Co-working Space
Artist’s impressionSouth Tower takes the honor of being the first tower to be delivered in this iconic project. The tower is uniquely designed to maximize the flow of light into the tower & the views outside.
Rooftop Observatory DeckExclusive Fitness CenterLibrary / Co-working SpaceMahalaxmi sits at the centre of South Mumbai, between Lower Parel and Worli, with the business districts on one side and the Arabian Sea on the other. It is one of the city’s most established residential addresses, defined by prestige and convenience. Flats here benefit from strong transport links — the new Metro Line 3 and the Coastal Road — all of which enhance daily life, long-term value, and give flats in Mahalaxmi their appeal.
Connectivity has improved sharply here. The new metro station links directly to Bandra Kurla Complex and both airport terminals, while the Western Line and the Monorail at Sant Gadge Maharaj Chowk cover the wider suburban network. By road, the Coastal Road reaches Marine Drive in minutes and the Bandra-Worli Sea Link carries traffic seamlessly to the western suburbs.
Homes in Mahalaxmi are divided between older residential buildings, many within long-established cooperative societies, and a select number of new high-rise towers. The flats in Mahalaxmi that come up here tend to be in a few recent landmark developments. At the heart of the new skyline stands Piramal Mahalaxmi, a three-tower address whose configurations, sizes and status are set out below.
| Tower | Configuration | Carpet area | Status | Views |
|---|---|---|---|---|
| South Tower | 2 and 3 BHK | 745 to 1,575 sq ft | Sold Out | Mahalaxmi Racecourse and the Arabian Sea |
| Central Tower | 4 and 4.5 BHK | 1,850 to 1,877 sq ft | Ready to move, occupation certificate received | Mahalaxmi Racecourse and the Arabian Sea |
| North Tower | 2 and 3 BHK | 745 to 1,575 sq ft | Under construction, topped-out | Mahalaxmi Racecourse, Arabian Sea and the South Mumbai skyline |
Mahalaxmi is well served for daily needs, making it a practical choice for families. Leading private hospitals are close at hand — with Jaslok at Peddar Road, Bhatia at Tardeo and Breach Candy a short distance south, alongside the SRCC Children’s Hospital at Haji Ali.
Retail and dining sit minutes north in Lower Parel, anchored by High Street Phoenix, Palladium Mall and the vibrant Kamala Mills district.
Schooling options include JBCN International School and others across neighbouring Tardeo and Peddar Road, adding to the convenience and appeal of flats in Mahalaxmi for families.
Three landmarks give Mahalaxmi its character. On the western seafront stand the Mahalaxmi Temple and the Haji Ali Dargah — the dargah reached by a causeway stretching out into the Arabian Sea. At the heart of the neighbourhood lies the Mahalaxmi Racecourse, more than 200 acres of open ground given over to racing through the winter season.
The name Mahalaxmi itself comes from the temple. Built in 1831 and dedicated to Mahalakshmi, the goddess of wealth and prosperity, its origins trace to the Hornby Vellard — the sea wall that joined Mumbai’s islands — when the goddess’s idols were said to be found offshore. Piramal Mahalaxmi takes its name from the same place, and for many buyers that history and heritage are part of the appeal of flats in Mahalaxmi.
In a part of the city with almost no open ground, the Mahalaxmi Racecourse is a rare stretch of green, and Piramal Mahalaxmi looks out over it. Its towers rise close to 800 feet, high enough to take in the racecourse and the Arabian Sea well past the rooftops around them. Because the racecourse remains open, that view endures — even reflected in the building’s emblem, shaped after the track itself.
Inside, the view does most of the work. Floor-to-ceiling glass frames the racecourse and the sea, with the harbour visible on clear days. After dark, the city turns to lights, best seen from the observatory deck at the top of the North Tower, designed for that hour.
Below the residences, the podium opens into more than 74,000 sq ft of elevated garden space, lifted clear of the traffic. That’s where daily life unfolds — a walk before work, the lawn and the pool once the children are back. In all, the development offers over 36 amenities across about 1.4 lakh sq ft, from gym and spa to courts and indoor facilities within the clubhouse. Each tower enjoys its own private entrance, with round-the-clock security ensuring privacy and peace of mind.
MahaRERA: South Tower P51900015854, Central Tower P51900016482, North Tower P51900021057. maharera.mahaonline.gov.in
For most buyers, Mahalaxmi is a straightforward choice. As one of South Mumbai’s established prime addresses, homes here tend to hold their value and stay easy to sell. New supply is limited, the location is well connected, and demand from the nearby business districts keeps flats in Mahalaxmi sought after — whether to live in or to let.
Two factors support this strength. The first is scarcity — few new homes come up in Mahalaxmi, so the market stays tight. The second is rental demand: with Lower Parel, Worli and Bandra Kurla Complex all close by, the area draws senior professionals who want to live near work, making homes here straightforward to let as well as to occupy.
Mahalaxmi also suits NRI buyers. Indian regulation allows NRIs to purchase residential property, and the proceeds of a later sale can be repatriated within the limits the RBI sets. For an overseas buyer who wants a prime South Mumbai home that holds its value and rents well, the area is a straightforward choice.
