Mahalaxmi: Best Residential Area in South Mumbai

The island city of Mumbai is known by many names like the city of dreams, the financial capital of India, the city of seven islands etc. With ample opportunities and numerous success stories, the city attracts people from various parts of the country to come and fulfil their dreams. Another aspect that makes Mumbai a loved and inspirational city is the presence of many prominent individuals who made this city their home. When speaking of prominent individuals, there are several pockets in the city where these personalities reside. These areas offer elevated living standards, luxurious properties, and world-class amenities. One such area is Mahalaxmi in South Bombay or South Mumbai.

Reasons Why Mahalaxmi is One of the Best Residential Areas in South Mumbai

When looking for a luxurious home, homebuyers have certain expectations regarding the home, the developer's reputation and offerings, the neighbourhood, amenities, connectivity etc. Buying a house in South Mumbai, especially in Mahalaxmi, checks all the boxes.

• An Upscale and Affluent Locality in South Bombay.

  Mahalaxmi is one of the finest South Mumbai areas famous for its luxury, serenity, amenities, and connectivity. It is situated on the western line of the Mumbai Suburban Railway. Being adjacent to other affluent areas like Worli and Lower Parel, Mahalaxmi is one of the most sought-after localities in South Mumbai. Various multi-storied apartments, stand-alone bungalows, prominent commercial spaces, an abundance of cultural heritage, and the famous Mahalaxmi Racecourse have made Mahalaxmi a posh locality.

• Excellent Connectivity

  Mahalaxmi enjoys proximity to the seaside, commercial and corporate hubs and various social and recreational amenities. One of the most prominent aspects that make Mahalaxmi stand out is its excellent connectivity to other parts of the city. This affluent South Mumbai area boasts exceptional connectivity options through the western and central railway lines, Monorail, Eastern Express Highway, Bandra-Worli sea-link, Lalbaug flyover and Elphinstone flyover. These options allow one to connect to international and domestic airports easily. The Bandra-Worli Sea Link connects the area to the western suburbs, whereas the Eastern Express highway also conveniently opens the door to Thane and Navi Mumbai.

• Recent and upcoming infrastructure upgrades

  • Metro Line 3:

    Mumbai Metro Line 3, or the Mumbai Metro Aqua Line, is a 33.5km long underground metro route from Cuffe Parade to Aarey Colony. One of the stations on this line is the Mahalaxmi metro station which will immensely boost connectivity.

  • Eastern Mumbai waterfront development:

    The remodelling of this development that stretches 10 km along the eastern coastline will enhance the area's connectivity.

  • Bridges and roads:

    A couple of roads over bridges, proposed and under development by the Brihanmumbai Municipal Corporation (BMC), will help relax traffic conditions and improve connectivity.

• Impeccable Social Infrastructure

  Home to the iconic 140-year-old Mahalaxmi Racecourse, Mahalaxmi spells luxury to the core. Who doesn't wish to own a residential flat in South Mumbai that offers such gorgeous views? Also, some of the city's reputed schools and educational institutes, like St. Ignatius High School, Poddar International School (Worli), Watumull Institute, and Lala Lajpat Rai College, are located around Mahalaxmi. The area also offers world-class healthcare facilities, with the presence of Breach Candy Hospital, Jaslok Hospital, Wockhardt Hospital and Sir HN Reliance Foundation Hospital being close by. For entertainment and leisure activities, one can enjoy, shop or relax at major malls like High Street Phoenix, Palladium and Atria or Willingdon Sports Club and National Sports Club of India (NSCI).

• Proximity to major corporate and commercial parks

  This South Mumbai area is close to the city's most significant corporate and commercial parks. These include Indiabulls Finance Centre, Peninsula Corporate and Business Park, Peninsula and Lodha Excelus Supremus, among others. Also, travelling to other corporate parks in BKC or Malad is very convenient due to fine connectivity options.

  Real Estate Market in Mahalaxmi

  As the area fulfils all the essential requirements for homebuyers with several premium amenities and luxurious spaces, there is no denying that Mahalaxmi falls under one of the opulent areas in the city. The real estate market in the locality is proudly home to some of the renowned developers offering some highly luxurious and contemporary residential spaces. The average price range for a multi-storey apartment range between ₹29,383 to ₹48,923 per sq. ft. Likewise, for renting, the average rate would fall between ₹89 to ₹157 per sq. ft.

  Conclusion

  The posh residential area in South Bombay, Mahalaxmi, attracts homebuyers for its luxury, high living standards and comfortable lifestyle. Piramal Mahalaxmi offers impeccable residential apartments with state-of-art amenities and unmatched features for luxurious living!

  Disclaimer- This article is based on the information publicly available for general use as well as reference links mentioned herein. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim /disown 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 herein.

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