Piramal Mahalaxmi
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18 insights shared by the community.
What residents appreciate the most
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.
Piramal is considered a reliable company.
The developer is performing well.
The project is by a well-known realty group.
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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.
The residences offer panoramic views of the Mumbai skyline.
The view from the balcony includes the Mahalaxmi Race Course, the sea, and a golf course.
The higher floor in the building offers a great view.
Many flats in that area enjoy sea views.
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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.
A single transaction at the project has crossed ₹100 crores, marking a record in the luxury market.
The developer sold apartments worth ₹1500 crore in South Mumbai.
A prominent celebrity and their father bought a luxury apartment for ₹6.24 crore.
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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.
The project is located next to Mahalaxmi racecourse with sea facing flats.
The area is one of the best places to live in Mumbai.
Mahalaxmi is a prime locality in South Mumbai, known for its proximity to important business hubs, lifestyle destinations, and cultural landmarks.
The location offers excellent connectivity.
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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.
The project includes three magnificent towers with over 60 floors.
The project comprises three towers, each offering a unique living experience.
The project consists of three towers plus amenities and common infrastructure.
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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.
The project offers vacations of up to 13 nights per year across the globe for the next 25 years.
Available units come with modular kitchens and split ACs.
Homes are designed with large windows and balconies to enhance the living experience with natural light and views.
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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.
The project offers ultra-luxury homes.
The project offers a luxurious and comfortable lifestyle.
It is a realm where grandeur is woven into every detail.
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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.
The location offers excellent connectivity.
Phase 2 of the Mumbai Coastal Road project nearing completion, leading to unmatched connectivity.
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The project has received external validation for its quality and luxury status, being awarded "Luxury Project of the Year" at a prominent industry conclave.
The project was bestowed with Luxury Project of the Year at the 12th Realty+ Conclave & Excellence Awards.
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Where residents want improvements
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.
Even after paying so much money, one lives near congested slums in Mumbai.
The property is located in a part of the city where many cannot reach.
The construction cost for a high-rise can be very high, and the selling rate would be around 22000/sqft.
A 2 BHK, 950 sq ft in Piramal Mahalaxmi is priced at ₹4.85 Cr.
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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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.
The rehab building looks like an absolute eyesore monstrosity that just shouldn’t exist.
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.
The area is where the rich look down on the poor, literally and figuratively.
The project is Mumbai's tallest slum redevelopment project, merging luxury living with slum rehabilitation.
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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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.
The biggest costs are not accounted for: approvals and land. Developers target a high IRR, but it's not as lucrative as people expect.
Most of the financing comes from customer sales; if no one buys, the builder won't have money to complete the building.
The total construction cost for the entire project is estimated at INR 1800 crores.
Construction cost can be around 30% of total project cost or even more if construction is delayed.
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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.
Omkar has loads of debts and is trying to sell stalled projects to other builders.
The developer is advised to stay away from SRA projects because they are riddled with lawsuits and delays.
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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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.
Do not invest in property in Mumbai unless your parents own one, due to the ordeal of delays and legal issues.
There is no such thing as a safe builder; every builder has run into problems and has had delayed or failed projects.
The real estate situation in Mumbai is horrible, with corruption, sky-high prices, and constant random legislation.
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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.
Residents pay all that for the worst air quality.
The smog might have been photoshopped out of pictures.
Despite all the luxury, residents still breathe the dust in the air and deal with potholes.
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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.
The city needs its gardenesque spaces; anything else will just ruin the area and the vibe.
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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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.
It is advisable to stay away from SRA projects because those are riddled with lawsuits and delays.
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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.
The rehab building looks like an absolute eyesore monstrosity that just shouldn’t exist.
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