Since Mumbai's real estate market has shown resilient to market shifts, long-term investors can consider it as a rather steady alternative. Mahalaxmi has the potential for huge capital growth in the long run due to its enviable position in Mumbai. Read on if you're wanting to invest in one of South Mumbai's premier areas since renowned developers provide a variety of home alternatives there.

Mahalaxmi is one of the most sought-after high-end neighbourhoods in the city due to its advantageous location in South Mumbai. It is close to important commercial areas, centres for entertainment, and significant transit systems. The Mahalaxmi Race Course, Nehru Science Centre, and Haji Ali Dargah are just a few of the neighborhood's cultural and recreational landmarks. Residential homes in the region are also worth more because of these landmarks. Continue reading to learn more about the area's costs, amenities, anticipated infrastructure improvements, and reviews.

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Mahalaxmi: Growing demand for houses

Mahalaxmi's real estate market has had a steady price rise throughout the years. These established neighbourhoods often experience steady increases in property values.

According to navimumbaihouses.com, the price of homes has increased by 14% during the previous five years. In Mahalaxmi, a square foot of real estate costs roughly Rs 54,000. The majority of the housing stock in Mahalaxmi consists of luxurious residential flats with 2 to 5 bedrooms. The following is the pricing range:

Price Range of housing units in Mahalaxmi

Housing Type     Price Range

2 BHK    Rs 4-5 crore

3 BHK    Rs 6-9 crore

4 BHK    Rs 9-13 crore

5 BHK    Rs 11-26 crore

Tourists are drawn to Mahalaxmi because it is close to places of interest like the Haji Ali Dargah and the Mahalaxmi Racecourse. You can profit from the consistent flow of tourists passing through the area if you intend to generate rental revenue from your property. Godrej Properties has begun construction on One Mahalaxmi, a posh home development in Mahalaxmi, in response to the housing need.

Mahalaxmi: Strong connectivity

Through a network of highways, railroads, and air routes, Mahalaxmi is well connected to other areas of Mumbai. Major arterial roadways, the Eastern Express Highway and Western Express Highway, offer quick access to various parts of the city. By using the Eastern Express Highway, locals may reach places like Thane and Navi Mumbai with ease. By using the Western Express Highway, it is only 20 kilometres from the area to Mumbai International Airport.

Within 5 kilometres, the Bandra Worli Sea Link provides better access to the city's western region. Mahalaxmi is connected to Worli and other neighbouring neighbourhoods by Dr E Moses Road, popularly known as Worli Sea Face Road.

Mahalaxmi also has its own railway station, known as Mahalaxmi Railway Station, which is located on the Mumbai Suburban Railway network's Western Line. Another nearby intersection is the Central Line's Chinchpokli Railway Station, which is around 4 km away.

Additionally, the Mumbai Monorail Line 1 connects Chembur in the eastern suburbs to Jacob Circle, which is around 4 km from Mahalaxmi, making it a crucial transportation option for locals and tourists.

Actually, Mahalaxmi has an abundance of taxis as well, offering simple point-to-point transportation both inside the neighbourhood and to adjacent locations.

Mahalaxmi: Proximity to employment hubs

Within a 10-kilometer radius are important commercial hubs including the Bombay Stock Exchange, the World Trade Centre, and Peninsula Business Park. Additionally, it is close to significant commercial areas such Lower Parel, Worli, and Bandra-Kurla Complex (BKC). Corporate professionals seeking convenient housing alternatives are drawn to areas near work centres, creating a high demand for both rental and purchase property.

Developed social infrastructure: Mahalaxmi

Mahalaxmi's location near a number of famous educational institutions, medical facilities, and entertainment areas raises the demand for residential homes.

Educational Institutions Hospitals              Recreational Zones

Podar International School          Wockhardt Hospital        Atria the Millennium Mall

St Ignatius High School   Breach Candy Hospital   Phoenix Palladium

DSB International School              Jaslok Hospital   Mahalaxmi Racecourse

Mahalaxmi: Future improvements to the infrastructure

Mahalaxmi's ease and accessibility will be improved by a number of forthcoming infrastructural projects, making it a desirable location for investors. The following is a list of upcoming infrastructure projects in Mahalaxmi:

•             A pedestrian bridge with a travellator connecting Jacob Circle to Mahalaxmi

•             A dedicated metro station on Line-3 of Mumbai Metro connecting Colaba and SEEPZ would enhance connectivity

•             Rail overbridge (RoB) connecting Saat Rasta to Keshavrao Khadye (KK) Marg towards Haji Ali to be extended up to Gangaram Talekar Chowk

Mahalaxmi: Recent neighbourhood reviews

Mahalaxmi's rating on the navimumbaihouses.com Ratings & Reviews site is 4.2 out of 5. These evaluations were based on comments made by both current and previous area inhabitants. The close proximity to retail centres, the simplicity of using public transportation, and the area's safety and security have all received praise from the locals. Positive remarks about the area also include the police's frequent patrols of the area.

For a number of reasons, investing in Mahalaxmi, a well-known neighbourhood in Mumbai, might be a desirable choice. But it should be approached cautiously and with diligence, just like any investment.

Source From:- navimumbaihouses