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Mumbai property advisory & dataOperating since 1995✓ MahaRERA A51800043517Source-labelled project dataWe reply in minutes on WhatsApp

Updated Nov 2026

New Panvel
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Homes available in Mahalaxmi City

Which homes are available right now — resale and rental, with asking prices — sent to your WhatsApp by an MPE advisor.

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Mumbai Property Exchange · MahaRERA agent A51800043517 · advising buyers since 1995. Your number is used to respond to your enquiry.

New · drive before you visit

Drive to Mahalaxmi City from your place

See the road from your home or office, the drive time with Mumbai traffic, what you pass on the way — and the street view at the gate.

SOLD OUT
Mahalaxmi City is sold out by the developer.We can check resale and rental flats in this building for you.
See resale & lease in this building →

Mahalaxmi City price check and key numbers

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Who's looking
26 requests
People asked us for New Panvel in the last 90 days — 9 to buy.

A first look at Mahalaxmi City

Mahalaxmi City Phase 1 is a residential project in New Panvel, Mumbai 410206. It is registered with MahaRERA under P52000004631. Mahalaxmi City Phase 1 is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 91 units across 3 buildings of up to 6 floors. It offers 1 & 2 BHK homes with carpet areas of 410–915 sq ft. MahaRERA proposed possession: Dec 2028.

Completed/historical project — current inventory unconfirmed.

Ask an advisor to check current resale or rental availability.

Areas filed by the developer in MahaRERA (2)
ConfigurationCarpet
Shop84–272 ft²
1 BHK394–497 ft²
These are the areas the developer filed with MahaRERA. Developers often combine or change units, so they may not match what is on sale — our team confirms what is available and the price.
💬 Ask what is available

Mahalaxmi City floor plans

2
Mahalaxmi City, New Panvel — floor plan 1Mahalaxmi City, New Panvel — floor plan 2

Floor plans are indicative, as shared by the developer, and subject to change.

About Mahalaxmi City

Location

The project is in New Panvel, Mumbai 410206, in the Raigarh district.

MahaRERA record

Mahalaxmi City Phase 1 is registered with MahaRERA under P52000004631. The registered promoter is Mahalaxmi Builders. The filing lists 3 wings: Building 1 over 6 floors; Building 2 over 5 floors; Building 3 over 6 floors. According to MahaRERA, the project escrow account is with State Bank Of India.

Homes and prices

The price list covers 1 BHK of 410–480 sq ft at ₹19.6 Lakh–₹23.45 Lakh; 2 BHK of 710–915 sq ft at ₹32.2 Lakh–₹40.25 Lakh (carpet area), as on 09 Jul 2026. That works out to about ₹4,400–₹4,900 per sq ft of carpet. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them.

Construction and possession

The latest MahaRERA progress report shows foundation at 80%, structure at 100%, finishing at 81%, services at 95%. Proposed possession is Dec 2028.

Developer track record

Mahalaxmi Developers has 3 projects tracked on Mumbai Property Exchange, 3 of them delivered (ready or sold out).

Buyer demand in New Panvel

In the last 90 days, buyers and tenants registered 26 requirements for New Panvel with Mumbai Property Exchange, 9 of them to buy and 10 specifically for 1 & 2 BHK homes.

Developer's description ▾
Mahalaxmi City makes a great equilibrium of tranquil neighbouring and cross ventilated residences that gives the feel of sovereign lifestyle.

New Panvel market

prices, rents & rates

Price vs locality

₹4,650
/sqft · New Panvel rate-band mid-point ₹12,500
63% below mid-point

Property rates in New Panvel

Residential · Sale
₹10,000–15,000/sqft
Commercial · Sale
₹6,000–10,000/sqft
2 BHK · Rent
₹15,000–35,000/mo

Upcoming projects & infrastructure in New Panvel

take an informed decision

244 MahaRERA projects are due to hand over in New Panvel between 2026 and 2030.

244
MahaRERA projects handing over in the next 5 years
in New Panvel
₹8,500/sqft
ready reckoner rate (government) · carpet
2025-26 · highest govt zone rate in the area, shown per sq ft carpet · stamp duty is charged on the higher of this and the deal value
New projects in New Panvel by possession year
13
2026
91
2027
50
2028
57
2029
33
2030
Questions about New Panvel prices?

Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for New Panvel, then an advisor calls about your budget and configuration.

Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.

Mahalaxmi City MahaRERA number and possession date

Possession (proposed)
Dec 2028
Possession (revised)
Dec 2028
MahaRERA No.
P52000004631
Data last updated
Nov 2026
Registered
—
Escrow Bank
STATE BANK OF INDIA
Architect
—
Total FSI
22,530

Mahalaxmi City towers and phases

3 wings
Building 1 · 6 fl · — u
Building 2 · 5 fl · — u
Building 3 · 6 fl · — u

Mahalaxmi City address and location

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Neighbourhood around Mahalaxmi City

Mahalaxmi City in New Panvel is 2.9 km from Adivasi Ashramshala School.

  • 🏫 SchoolAdivasi Ashramshala School2.9 km

Straight-line distances from the project; road distance is longer. Places from OpenStreetMap. See them on the map →

Construction progress

per MahaRERA
Foundation80%
Structure100%
Finishing81%
Services95%
See all 12 stages ▾
Basement (if any)100%
Excavation100%
External plumbing and external plaster, elevation, completion of terr…100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within…100%
Plinth100%
Slabs of Super Structure100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and …100%
Stilt Floor100%
External plumbing and external plaster, elevation, completion of terr…95%
Installation of Lifts, water pumps, Fire Fighting Fittings and Equipm…90%
Sanitary Fittings within the flats / premises30%
Podiums (if any)0%

What you pay, and when

an example

This is just an example of the cash flows for buying a home, not a quote or a payment demand. Your agreement and the developer's schedule decide the actual amounts.

In an under-construction project, you don't pay everything on day one. Under the MahaRERA model agreement, the developer can only ask for money as each stage is finished: about 10% at booking, 30% at agreement, then more as the plinth, slabs, walls, fittings and lifts are done, and the last 5% at possession. The more a building is finished, the more you pay up front.

Example: 2 BHK · 710 sq ft at ₹32.2 L (the price recorded above).

Due soon after booking~₹24.1 L75%, stages already done
Balance till possession~₹8.1 Lover about 25 months
Stamp duty + GST~₹1.9 L + ₹1.6 L6% + 5%, plus ~₹30,000 registration
  1. ✓ Plinth complete45% paid by then
  2. ✓ Slabs complete70% paid by then
  3. ✓ Walls, plaster & flooring75% paid by then
  4. ○ Sanitary fittings80% paid by then
  5. ○ Staircases, lift wells & lobbies85% paid by then
  6. ○ Lifts, pumps, plumbing & elevation95% paid by then
  7. ○ Possession100%

With a home loan: banks usually fund up to 75% (₹24.1 L here), released stage by stage, so your own money is about ₹8.1 L plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹21,000/month (8.5%, 20 years).

Indicative only. Rates, GST (1% on affordable homes), loan eligibility and the stage schedule vary. Plan your cash flow with an advisor before you book.

💬 Talk through the numbers with an MPE advisor

Amenities declared to MahaRERA

11
Electrical meter room, sub-station, r…Internal Roads & FootpathsLandscaping & Tree PlantingOpen ParkingSewerage (Chamber, Lines, Septic Tank…Solid Waste Management And DisposalStorm Water DrainsStreet Lighting
+3 more ▾
Treatment And Disposal Of Sewage And …Water SupplyWater conservation /Rain water harvesting

Members' lens

The developer's full amenity list, views and home features

From the builder's brochure and the homes we have listed here. The list above is what was declared to MahaRERA.

18 brochure amenities
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Talk to our MahaRERA advisor

🏠 Discuss what you're looking for📍 Locality & project guidance🤝 Speak to a specialist

Tell our MahaRERA advisor what you need and they'll guide you on this project.

💬 Ask about resale or rental options

Resale Flats for Sale in New Panvel

1

Commercial Projects in New Panvel

MahaRERA projects nearby in New Panvel

Frequently Asked Questions

Where is Mahalaxmi City Phase 1 located?

Mahalaxmi City Phase 1 is in New Panvel, Mumbai 410206.

What is the price of Mahalaxmi City Phase 1?

Mahalaxmi City Phase 1 is sold out by the developer; ask MPE for resale or rental flats in this building.

What configurations and carpet areas does Mahalaxmi City Phase 1 offer?

1 BHK – 410 sq ft carpetakh; 1 BHK – 480 sq ft carpetakh; 2 BHK – 710 sq ft carpetakh; 2 BHK – 915 sq ft carpetakh.

When is possession of Mahalaxmi City Phase 1?

As per MahaRERA, proposed possession is Dec 2028.

Is Mahalaxmi City Phase 1 RERA-registered?

Yes — MahaRERA registration P52000004631.

How many units does Mahalaxmi City Phase 1 have?

MahaRERA records 91 units across 3 buildings, up to 6 floors.

Who is the developer of Mahalaxmi City Phase 1?

Mahalaxmi Developers — 3 projects tracked on Mumbai Property Exchange. View their track record ▸

How many new projects are coming up in New Panvel?

244 MahaRERA-registered projects in New Panvel are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.

How do I book or get more details?

Tap WhatsApp or Call below to speak with a Mumbai Property Exchange advisor — serving Mumbai since 1995 · RERA-registered since 2017.

Disclaimer. Information on this page is compiled from MahaRERA registrations, public infrastructure announcements, developer materials and Mumbai Property Exchange listings. Prices, availability, possession dates and infrastructure timelines are indicative, subject to change, and updated periodically (last updated 2026-11-13). This is not an offer or an advertisement by the developer; please verify all details with the developer and on MahaRERA before deciding. Mumbai Property Exchange, MahaRERA agent A51800043517.
Are you the developer and see something wrong? Report a correction on WhatsApp — we verify and update.
SOURCE · MAHARERA + MUMBAI PROPERTY EXCHANGE
INDEPENDENT DATA · RERA A51800043517 · EST. 1995
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