HomemumbaiPiramal Mahalaxmi

Piramal Mahalaxmi

Live data
Piramal Realty Worli, mumbai
Piramal Mahalaxmi
Price Range
5.35 Cr - 13.58 Cr
Price / Sqft
₹72.35 K/sq.ft
Possession
Dec, 2025
Configurations
2, 3, 4 BHK Apartments
Total Units
—
Locality
Worli
Resident sentiment
Project issues pulse

18 insights shared by the community.

9 positives9 negativesAdd your perspective to help others decide.
Sort by:
Positives

What residents appreciate the most

9 entries
Positive issue
3 comments
Reputable Developer

Piramal Realty, the developer behind the project, is widely regarded as a reliable and trustworthy company in the Mumbai real estate market. Their consistent performance and commitment to quality contribute to buyer confidence.

Community pulse
48 upvotes0 downvotes
Resident feedback
UP
Umesh P.

Piramal is considered a reliable company.

SN
Swati N.

The developer is performing well.

AR
Ananya R.

The project is by a well-known realty group.

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Positive issue
4 comments
Stunning Views of Mumbai's Landmarks

The project offers exceptional, unobstructed views of prominent Mumbai landmarks including the Mahalaxmi Racecourse, the Arabian Sea, and the city skyline. Residents on higher floors particularly enjoy panoramic vistas, enhancing the luxury living experience.

Community pulse
26 upvotes0 downvotes
Resident feedback
DS
Dipti S.

The residences offer panoramic views of the Mumbai skyline.

YS
Yogesh S.

The view from the balcony includes the Mahalaxmi Race Course, the sea, and a golf course.

SM
Sunita M.

The higher floor in the building offers a great view.

PA
Pooja A.

Many flats in that area enjoy sea views.

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Positive issue
3 comments
High Sales and Investment Value

The project has demonstrated strong market performance with record-breaking sales, including multiple transactions exceeding ₹100 crores for penthouses and duplexes. High-profile purchases, such as by celebrities, further underscore its perceived investment value and luxury appeal.

Community pulse
18 upvotes0 downvotes
Resident feedback
NM
Naveen M.

A single transaction at the project has crossed ₹100 crores, marking a record in the luxury market.

AM
Aishwarya M.

The developer sold apartments worth ₹1500 crore in South Mumbai.

PH
Pranav H.

A prominent celebrity and their father bought a luxury apartment for ₹6.24 crore.

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Positive issue
4 comments
Prime South Mumbai Location

Situated in Mahalaxmi, the project benefits from a highly desirable South Mumbai address. This location is renowned for its proximity to key business districts, lifestyle destinations, and cultural sites, offering residents a prestigious and convenient urban lifestyle.

Community pulse
15 upvotes0 downvotes
Resident feedback
KJ
Komal J.

The project is located next to Mahalaxmi racecourse with sea facing flats.

PN
Priyanka N.

The area is one of the best places to live in Mumbai.

GM
Gaurav M.

Mahalaxmi is a prime locality in South Mumbai, known for its proximity to important business hubs, lifestyle destinations, and cultural landmarks.

PR
Piyush R.

The location offers excellent connectivity.

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Positive issue
3 comments
Impressive Project Scale and Design

The development features three magnificent towers, with some reaching over 60 floors, including a 70-storey tower. These structures offer a unique living experience with spacious layouts and are designed to be prominent features of the Mumbai skyline.

Community pulse
12 upvotes0 downvotes
Resident feedback
RS
Radhika S.

The project includes three magnificent towers with over 60 floors.

SP
Sonali P.

The project comprises three towers, each offering a unique living experience.

MS
Meera S.

The project consists of three towers plus amenities and common infrastructure.

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Positive issue
3 comments
Modern Amenities and Features

Residences are designed with spacious layouts, large windows, and balconies to maximize natural light and views. The project also offers modern conveniences such as modular kitchens, split ACs, and EV charging stations, along with special lifestyle offers like global vacations.

Community pulse
9 upvotes0 downvotes
Resident feedback
YS
Yogesh S.

The project offers vacations of up to 13 nights per year across the globe for the next 25 years.

PH
Pranav H.

Available units come with modular kitchens and split ACs.

NV
Nikhil V.

Homes are designed with large windows and balconies to enhance the living experience with natural light and views.

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Positive issue
3 comments
Luxurious Living Environment

The project is marketed as offering an ultra-luxury and comfortable lifestyle, characterized by premium finishes and a focus on grandeur in every detail. It aims to provide an extraordinary living experience for connoisseurs of life.

Community pulse
8 upvotes0 downvotes
Resident feedback
KJ
Komal J.

The project offers ultra-luxury homes.

AK
Anjali K.

The project offers a luxurious and comfortable lifestyle.

NR
Nitesh R.

It is a realm where grandeur is woven into every detail.

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Positive issue
2 comments
Enhanced Connectivity

The project benefits from improved urban infrastructure, with the Mumbai Coastal Road project nearing completion. This development is expected to provide unmatched connectivity, making travel to and from the residences more convenient.

Community pulse
3 upvotes0 downvotes
Resident feedback
PR
Piyush R.

The location offers excellent connectivity.

YS
Yogesh S.

Phase 2 of the Mumbai Coastal Road project nearing completion, leading to unmatched connectivity.

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Positive issue
1 comment
Industry Award and Recognition

The project has received external validation for its quality and luxury status, being awarded "Luxury Project of the Year" at a prominent industry conclave.

Community pulse
1 upvotes0 downvotes
Resident feedback
DS
Dinesh S.

The project was bestowed with Luxury Project of the Year at the 12th Realty+ Conclave & Excellence Awards.

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Negatives

Where residents want improvements

9 entries
Negative issue
5 comments
Exorbitant Property Prices

The cost of apartments in the project is exceptionally high, with units ranging from several crores to over ₹100 crores for penthouses. This makes the properties largely unaffordable for most buyers, even those with substantial budgets, reflecting the premium nature of South Mumbai real estate.

Community pulse
417 upvotes0 downvotes
Resident feedback
SP
Sheetal P.

Even after paying so much money, one lives near congested slums in Mumbai.

DB
Deepak B.

The property is located in a part of the city where many cannot reach.

BR
Balaji R.

The construction cost for a high-rise can be very high, and the selling rate would be around 22000/sqft.

KJ
Komal J.

A 2 BHK, 950 sq ft in Piramal Mahalaxmi is priced at ₹4.85 Cr.

UP
Umesh P.

A 2BHK in South Mumbai for 2.5-3 crore is too low a budget; one needs at least 5 crore.

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Negative issue
5 comments
Social Disparity and Proximity to Slum Rehabilitation

The project's location adjacent to a large slum rehabilitation building, as part of an SRA project, highlights a significant social class divide. This proximity is a concern for some residents, impacting the perceived exclusivity and environment of the luxury development.

Community pulse
210 upvotes0 downvotes
Resident feedback
MN
Madhuri N.

The rehab building looks like an absolute eyesore monstrosity that just shouldn’t exist.

NV
Nikhil V.

The creation of SRA buildings in close vicinity of luxury high-rises seems like a thought-through plan by the builder lobby to ensure domestic help.

SN
Swati N.

The area is where the rich look down on the poor, literally and figuratively.

CR
Chaitanya R.

The project is Mumbai's tallest slum redevelopment project, merging luxury living with slum rehabilitation.

MR
Manoj R.

It’s next to India's biggest slum rehabilitation building. Even after paying so much money, one lives near congested slums.

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Negative issue
4 comments
Construction Costs and Complex Financing

The project involves substantial construction costs, estimated to be in the hundreds of crores for the entire development. Financing relies heavily on debt and customer sales, indicating a complex financial structure that could be susceptible to market fluctuations and delays.

Community pulse
50 upvotes0 downvotes
Resident feedback
PN
Priyanka N.

The biggest costs are not accounted for: approvals and land. Developers target a high IRR, but it's not as lucrative as people expect.

RV
Reema V.

Most of the financing comes from customer sales; if no one buys, the builder won't have money to complete the building.

BR
Balaji R.

The total construction cost for the entire project is estimated at INR 1800 crores.

RM
Riya M.

Construction cost can be around 30% of total project cost or even more if construction is delayed.

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Negative issue
3 comments
Concerns Regarding Joint Venture Partner (Omkar Realtors)

The project is a joint venture with Omkar Realtors, a developer that has faced significant negative publicity due to financial stress, substantial debts, and legal issues, including its chairman and MD being jailed. This association raises concerns about potential project stability and future complications.

Community pulse
9 upvotes0 downvotes
Resident feedback
AM
Aishwarya M.

Omkar has loads of debts and is trying to sell stalled projects to other builders.

SR
Shalini R.

The developer is advised to stay away from SRA projects because they are riddled with lawsuits and delays.

MK
Mahesh K.

Omkar is fucked up; chairman and MD are in jail, tons of cases against them, financially screwed. Stay far, far away.

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Negative issue
3 comments
General Mumbai Real Estate Challenges

The broader Mumbai real estate market is characterized by issues such as corruption, sky-high prices, and frequent legislative changes that can negatively impact projects. Buyers, especially those new to the market, are advised to be cautious due to potential delays and legal complications.

Community pulse
8 upvotes0 downvotes
Resident feedback
DS
Dipti S.

Do not invest in property in Mumbai unless your parents own one, due to the ordeal of delays and legal issues.

CD
Charu D.

There is no such thing as a safe builder; every builder has run into problems and has had delayed or failed projects.

MR
Manoj R.

The real estate situation in Mumbai is horrible, with corruption, sky-high prices, and constant random legislation.

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Negative issue
3 comments
Urban Air Quality Concerns

Despite the luxury and high prices, residents in Mumbai's high-rises, including this project, still contend with the city's poor air quality and environmental issues like smog. This can detract from the overall living experience, especially for those seeking pristine environments.

Community pulse
5 upvotes0 downvotes
Resident feedback
AV
Amit V.

Residents pay all that for the worst air quality.

DS
Dipti S.

The smog might have been photoshopped out of pictures.

HS
Harini S.

Despite all the luxury, residents still breathe the dust in the air and deal with potholes.

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Negative issue
2 comments
Potential Threat to Racecourse View

There have been proposals to relocate the Mahalaxmi Racecourse, a key selling point for the project's premium views. If this proposal were to materialize, it could significantly diminish the value and appeal of the racecourse-facing apartments.

Community pulse
4 upvotes0 downvotes
Resident feedback
SK
Suman K.

The city needs its gardenesque spaces; anything else will just ruin the area and the vibe.

SN
Smita N.

The developer is selling new towers at extra high prices in the name of race course view, so a proposal to shift it would be unwelcome.

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Negative issue
1 comment
Risk of Delays in SRA Projects

As the project is part of a Slum Rehabilitation Authority (SRA) scheme, it carries an inherent risk of encountering lawsuits and construction delays, which can be a significant concern for buyers awaiting possession.

Community pulse
1 upvotes0 downvotes
Resident feedback
MJ
Monica J.

It is advisable to stay away from SRA projects because those are riddled with lawsuits and delays.

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Negative issue
1 comment
Aesthetic Impact of SRA Buildings

The adjacent slum rehabilitation buildings are perceived by some as an "eyesore monstrosity," negatively impacting the visual appeal and overall ambiance of the luxury development.

Community pulse
1 upvotes0 downvotes
Resident feedback
SR
Shalini R.

The rehab building looks like an absolute eyesore monstrosity that just shouldn’t exist.

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Builder's Perspective

Response to hard water issues:

"We have initiated the setup of a centralized soft-water plant which is expected to be operational by Q2 2026. This will significantly reduce TDS levels across all towers."

Verified Response • Jan 5, 2026
M
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