Mahalaxmi's Real Estate Market: A Hub of Luxury Living
Mahalaxmi, a prestigious locality in South Mumbai, offers a unique blend of luxury living, convenience, and tranquility, making it a prime real estate destination.
Real EstateMahalaxmiSouth MumbaiLuxury LivingPiramal MahalaxmiK Raheja VivareaReal EstateJun 30, 2024
In May, the real estate market in Mahalaxmi witnessed significant activity, driven by developments like Piramal Mahalaxmi and K Raheja Vivarea. Piramal Mahalaxmi - South Tower led the market with seven deals, followed by Piramal Mahalaxmi North Tower with five deals. K Raheja Vivarea and Lokhandwala Minerva Mahalaxmi each registered two deals, while Godrej Avenue Eleven closed one deal.
The apartments varied in size, with the largest being 2,597 square feet in K Raheja Vivarea and the smallest being 736 square feet in Piramal Mahalaxmi - South Tower. This variety caters to a wide range of buyers, from families seeking spacious homes to individuals preferring compact living spaces. Prices per square foot ranged from INR 29,212 to INR 1,04,390, averaging around INR 59,821.
Mahalaxmi continues to be a premier destination in South Mumbai, offering a mix of historical charm and modern luxury. The active real estate market in May highlights its appeal among affluent buyers. With its central location, serene ambiance, and diverse housing options, Mahalaxmi remains a sought-after choice for those seeking prestige and convenience in Mumbai.
Information
Mahalaxmi is a locality in South Mumbai, famous for its historical landmarks like the Mahalaxmi Dhobi Ghat and Mahalaxmi Racecourse. The area is a blend of residential and commercial spaces, including luxury apartments, corporate offices, and retail shops.
Piramal Mahalaxmi is a luxury residential development by Piramal Realty, a leading real estate developer in India. K Raheja Vivarea is a premium residential project by K Raheja Corp, a renowned real estate developer in India. Lokhandwala Minerva Mahalaxmi is a residential development by Lokhandwala Infrastructure, a prominent real estate developer in Mumbai. Godrej Avenue Eleven is a luxury residential project by Godrej Properties, a leading real estate developer in India.
Frequently Asked Questions
What is the average price per square foot in Mahalaxmi?
The average price per square foot in Mahalaxmi is around INR 59,821.
Which development led the market in May?
Piramal Mahalaxmi - South Tower led the market with seven deals in May.
What is the size range of apartments in Mahalaxmi?
The size range of apartments in Mahalaxmi varies from 736 square feet to 2,597 square feet.
What is the price range of apartments in Mahalaxmi?
The price range of apartments in Mahalaxmi varies from INR 3.68 crores to INR 27.11 crores.
Why is Mahalaxmi a prime real estate destination?
Mahalaxmi is a prime real estate destination due to its central location, serene ambiance, and diverse housing options, making it a sought-after choice for those seeking prestige and convenience in Mumbai.
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