Mahalakshmi, Mumbai

About Mahalakshmi, mumbai

Mahalakshmi is an affluent locality in South Mumbai. It is located on the western line of the Mumbai Suburban Railway line. This popular and upscale locality mostly comprises multi-storey buildings, separate bungalows, individual villas, and quite a few prominent commercial establishments. The Mahalakshmi Pin Code is 400011.

The history of the Mahalakshmi Mumbai area can be traced back to when the prominent Mahalakshmi Temple was being built here. The locality settled around the temple during the completion of the temple work. The Mahalakshmi map shows its proximity to the seaside, as well as its superb connection to the rest of the city, such as Lower Parel and Worli.

The Mahalakshmi locality is home to people from diverse cultures, who live together in peace. The affluent nature of the neighborhood means that most people living here are from affluent backgrounds. The area is home to business owners and salaried professionals, along with a smattering of students and healthcare professionals.

Physical Infrastructure of Mahalakshmi

The physical infrastructure of Mahalakshmi ensures that residents and business owners have unparalleled connectivity through trains, buses, the metro, autos, and taxis. The area is serviced by the Central Line, Western Line, and the Monorail as far as the railways go. The roads connecting it to the rest of Mumbai are the Eastern Express Highway and NM Joshi Marg. The Bandra-Worli Sea Link is pretty close by and offers excellent connectivity to the western suburban areas. The Colaba's Bandra-SEEPZ Metro, still under construction, is expected to enhance connectivity to Mahalakshmi when completed.

Social and Retail Infrastructure

The social and retail infrastructure of Mahalakshmi is said to be one of the best in all of Mumbai. Owing to the affluence of Mahalakshmi infrastructure, there are plenty of great schools, colleges, hospitals, shopping malls, and entertainment spots here.

Some of the best schools here are St. Ignatius High School, Podar International School, Panchgani International School, and more. Some of the best colleges in the area include Lala Lajpat Rai College, Sasmira’s Institute of Management, Watumull Institute, and The Bombay Scottish. The area is serviced by several multi-specialty hospitals such as Breach Candy Hospital, Wockhardt Hospital, and Jaslok Hospital. For those looking for sports and entertainment centers, take your pick from places such as the Mahalakshmi Race Course, National Sports Club of India, Willingdon Sports Club, and so on.

Real Estate Market Trends and the Rental Demand in Mahalakshmi

The pricey nature of the neighborhood ensures that Mahalakshmi property prices have always been on the higher side. However, as is the norm with market trends, the Mahalakshmi property rates have also seen fluctuations in the past few years. The cost of owning property in Mahalakshmi, Mumbai can start from Rs. 80L to 3.75 Cr. On average the prices are around Rs 38,657 per sq. ft.

For those looking to rent property in Mahalakshmi, the prices can range from Rs. 48,000 to Rs. 75,000. The commercial property rates here can range from 1.5 Cr to over Rs 50 Cr, based on the size and specifications.

Top Employment Hubs in Mahalakshmi

The Mahalakshmi area is home to a few major and prominent commercial and employment hubs. Some of the most popular employment hub near Mahalakshmi are:

What are Some Popular Sub-Localities in Mahalakshmi?

Mahalakshmi is made up of several smaller sub-localities that are home to gated communities and housing societies, as well as individual houses.

A few popular sub-localities and colonies in Mahalakshmi include:

Top Things to Do in Mahalakshmi

People residing or working here will not have a dearth of places to visit and things to do in Mahalakshmi. There are plenty of entertainment options as well as religious sites to visit, ideal for kids as well as adults.

Restaurants

In Mahalakshmi, the restaurants range from very basic to 5-star service quality. Some of the most popular restaurants in Mumbai are located here. Some of them are Gallops Restaurant, Aadab Biryani, Keiba All Saints, and Gymkhana 91 Bar & Kitchen.

Places of Worship

Due to its multi-cultural background, the area is home to plenty of temples, churches, synagogues, and mosques. Some of the most prominent ones are Mahalakshmi Temple, ISKCON Temple, Sai Dham Mandir, St. Ignatius Church, Holy Cross Chapel, Kinara Masjid, and Race Course Masjid. In fact, these are also some of the most popular landmarks in Mahalakshmi.

Entertainment Centres

One of the most enjoyable things to do in Mahalakshmi includes a visit to the famous race course. You can also visit Smaaash, Funky Monkeys Play Centre, Astro Park, Circle Gaming Cafe, and more. There are also plenty of movie theaters for those who fancy catching a movie.

Nightlife

If you are looking to blow some steam and dance the night away, spend time at the top nightlife spots in Mahalakshmi. Some of the most popular ones are Tote Talli, The Ghetto, Tonic Bar and Disco, Red Area, M Club, and more.

Shopping

If you're looking to go shopping in Mahalakshmi, you will be spoiled for choice. Here you will find gigantic shopping malls with international brands, as well as smaller local markets. Some of the most visited ones are Heera Panna Shopping Centre, High Street Phoenix, Sobo Central Mall, Grand Galleria Mall, Palladium Mall, and so on.

Conclusion

Mahalakshmi is one of the most affluent areas of Mumbai, The fact that it enjoys great connectivity to the other parts of Mumbai is what drives its popularity. It is also home to a large number of employment hubs. And even though it is on the pricier side, it is one of the most desirable locations for buyers and renters in Mumbai.