There has been a significant upsurge in the number of property buyers seeking well-built, residential real estate in affluent neighborhoods that offer top-notch amenities. And Mahalaxmi in South Mumbai ticks all the right boxes! High net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) have increasingly recognized the value of owning well-designed homes developed by reputable developers. In this context, Mahalaxmi in Mumbai provides an unparalleled lifestyle and represents an aspirational destination for home buyers drawn to the charm of South Mumbai. So, let us examine some of the reasons that motivate investors to buy luxury house in Mahalaxmi– a highly sought-after residential destination among Mumbai’s affluent residents:
Mahalaxmi is not only a bustling hub of people, but it is also the focal point for culture, history, and lifestyle. Known for being home to several celebrities, including artists, corporate executives, and intellectuals, residing in this area provides ample opportunities to interact with some of the most brilliant minds in the country.
Upcoming Infrastructural Updates
The upcoming enhancements in infrastructure in and around Mahalaxmi are set to boost connectivity and drive-up demand for real estate. Several recent infrastructure developments have taken place in Mahalaxmi, including the Mumbai monorail – India’s first monorail – and the Eastern Mumbai waterfront development. The Brihanmumbai Municipal Corporation (BMC) has also planned to construct two road over bridges (ROBs) near Mahalaxmi station to alleviate traffic congestion and provide direct access to Haji Ali Junction and Worli Naka. In addition to the ROB, the coastal road is being extended, and the 10.58-kilometer coastal road will connect Nariman Point to the Bandra-Worli Sea Link. These developments are expected to enhance connectivity and increase the number of people who wish to buy luxury house in Mahalaxmi.
Mahalaxmi and South Mumbai have excellent connectivity with the rest of the city, making them highly accessible locations. Additionally, several infrastructure projects are planned in Mumbai, including the development of the Mumbai Port Trust area along the eastern waterfront, covering a distance of 10 kms and offering prime waterfront real estate in the heart of the city. The monorail development will further enhance connectivity by reducing the travel time from Chembur to Jacob Circle near Mahalaxmi to just 45 minutes.
Moreover, the BMC is planning to construct two road overbridges (ROBs) in the Mahalaxmi area to alleviate traffic congestion and provide motorists with direct connectivity to Haji Ali Junction and Worli Naka. Along with the ROB, the Mumbai Metro Line 3 is also expected to improve connectivity from Mahalaxmi, making commuting easier and relieving road congestion. These infrastructure developments are significant contributors to the area’s rising property values and make it an attractive location for prospective homebuyers seeking convenience and accessibility.
An important aspect of choosing a luxury dream home today is having access to breathtaking views, and this is where Mahalaxmi in Mumbai shines. The Mahalaxmi Race Course, which is over 140 years old, is one of Mumbai’s most iconic landmarks and hosts several events, including the popular derby races and Sunday brunches.
The racecourse, spanning 225 acres, is located in the heart of the city and is a symbol of prestige, attracting high-net-worth individuals and ultra-high-net-worth individuals. Besides the racecourse, Mahalaxmi boasts stunning views of the Arabian Sea and its coastal vistas, making it an exclusive and sought-after residential address. The rarity of having a racecourse located in the heart of the city is just one of the factors that contribute to the area’s growing popularity among homebuyers.
Mahalaxmi is a highly developed area that offers a blend of luxury living and rich heritage and cultural attractions in close proximity. So yes, considering to buy luxury house in Mahalaxmi is a smart decision!