Mahalaxmi is the locality for the cream of South Mumbai. Buying a property in Mahalaxmi is at the top of the city's bucket list of wealthy home buyers. Living in this locality, will get you mesmerising views of the serene waterbody, Mahalaxmi Race Course, and much more.
You will get individual bungalows, multi-storey apartments, and a lot of commercial establishments around this locality. But what’s so great about Mahalaxmi that makes it one of the poshest localities in Mumbai?
Well, it's time to dig deeper into the details of Mahalaxmi's real estate and other infrastructure attributes to get an answer to this question.
Behold Yourself for the Majestic Views around this Locality!
It is said that Mahalaxmi has the best scenic views, which makes it a luxury destination for buying a dream home. The Race Course in Mahalaxmi is dated 140 years back and symbolises prestige. Just next to the race course is the Arabian Sea, which looks serene from the high-rise apartment buildings of this locality.
People are readily paying crores of rupees to get a view of the race course alongside the sea waters. With such picturesque views, Mahalaxmi is undoubtedly a coveted and dream address for the city's elite families.
Consistent Developments to Enhance Connectivity Quotient at Mahalaxmi
Mahalaxmi and all of South Mumbai is well connected to the other parts of the city. The Eastern Express Highway is just a 30-minute drive from the locality, which connects Mahalaxmi to Navi Mumbai and Thane. The Bandra-Worli Sea Link is 5 km from the locality, offering seamless connectivity to Mumbai’s western area.
Apart from the roadways, there’s a proposed plan of monorail development for connecting Chembur to the Jacob Circle, near the Mahalaxmi locality. It will take 45 minutes for the monorail to cover this distance.
Moreover, BMC is also planning on constructing two ROBs (Road Over Bridges) to ease the traffic congestion around the station of Mahalaxmi. Hence, this will provide the motorists to take a diverted route to the Worli or Haji Ali station.
The Mumbai Metro Line 3, expected to start operating in December 2023, will ease road traffic congestion. Thus, commuting will become easier in and around Mahalaxmi.
Further developments to enhance connectivity include the coastal road extension of 10.58 km. Hence, this will then connect the Bandra-Worli Sea Link to Nariman Point. The proposed construction of twin tunnels of around 2.07 km will connect Mahalaxmi to Malabar Hill and Girgaum Chowpatty.
Such dedicated infrastructure development will eventually reduce the overall travel time for the people of Mahalaxmi and boost connectivity status. Hence, these developments will further increase the value of properties in this locality. Moreover, this scope of seamless connectivity has made this place a posh locality for people to consider residing among the serene views while staying connected with the other parts of the city.
Praise-Worthy Social and Physical Infrastructure
Some of the popular property developers who have offered immensely luxurious flats in Mahalaxmi are Godrej Group, Raheja, Piramal Realty and Lodha Group. They have some of the most exorbitant and luxurious flats for sale, the amenities of which won’t let you leave the gated premises for anything.
Following that, Mahalaxmi is also packed with world-class infrastructure developments for people to live and reflect a posh lifestyle. Some of the landmark developments that contribute towards making this place posh and demanding are:
- Podar International School
- St Ignatius High School
- Lala Lajpat Rai College
- Sasmira Institute of Management
- Watumull Institute
- Wockhardt Hospital
- Jaslok Hospital
- Breach Candy Hospital
- Atria Mall
- Palladium Mall
- High Street Phoenix Mall
Apart from these landmarks, some other famous sites of the Mahalaxmi’s infrastructure are Nehru Planetarium, Mahalaxmi Race Course and the Mahalaxmi Temple. To add to your knowledge, Mahalaxmi Temple is one of Mumbai's most famous religious sites.
The Peninsula Business Park, Maker Chambers, World Trade Centre and Bombay Stock Exchange are located within a 10-km radius of Mahalaxmi, Mumbai. Hence, such proximities make this locality valuable and ideal for the elites.
The Rising Price of Properties is Giving out Fruitful Investment Opportunities.
Today, the average price per sq. ft. for buying a property in Mahalaxmi is around Rs. 41,000. The price has increased by almost 10% in the past three years. Hence, buying a property here is not just about enjoying the serene views but also about earning a high ROI from the investment.
So, if you are among the wealthy elites of Mumbai and plan on buying a property in Mahalaxmi, Mumbai, then you must turn up to Blox.
Blox has made home buying easy by offering a filter-oriented search engine for available properties across Mumbai. Buckle up, set your location to Mahalaxmi, choose your developer, set your budget and pick the property type. When done, click on search, and Blox will show you all the options you can consider.
When you have shortlisted a couple of properties, book a site visit to review them more closely.
Conclusion
With this blog, we hope to provide you with further clarity on why Mahalaxmi is one of the poshest localities of Mumbai and why people are keen to buy their dream homes here.
