New Panvel · Mumbai
Mahalaxmi City
New Panvel · by Mahalaxmi Developers
Registered project name
Mahalaxmi City Type A Phase 1Updated Sep 2026
New PanvelPhotos from the project record · tap to enlarge
A first look at Mahalaxmi City
Mahalaxmi City is a residential project in New Panvel, Mumbai 410206. It is registered with MahaRERA under P52000004631. 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, priced ₹19.6 Lac–₹40.25 Lac as on 09 Jul 2026 (indicative). The quoted rate is about ₹4,600 per sq ft. MahaRERA proposed possession: Dec 2028.
Ask an advisor to check current resale or rental availability.
Availability & Pricing
Prices as on 09 Jul 2026. Approximate pricing as on that date. Prices are indicative, subject to change and to reconfirmation with the developer.
💬 Request latest price on WhatsAppMahalaxmi City floor plans
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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 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 Lac–₹23.45 Lac; 2 BHK of 710–915 sq ft at ₹32.2 Lac–₹40.25 Lac (carpet area), as on 09 Jul 2026. That works out to about ₹4,400–₹4,900 per sq ft of carpet. Prices are indicative and should be reconfirmed with the developer before booking.
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 13 projects tracked on Mumbai Property Exchange, 9 of them delivered (ready or sold out). Other projects by the same developer include Sanskruti Saphire, Mahalaxmi Nagar Building No 4, Premier Elegance.
Buyer demand in New Panvel
In the last 90 days, buyers and tenants registered 14 requirements for New Panvel with Mumbai Property Exchange, 2 of them to buy and 6 specifically for 1 & 2 BHK homes.
Developer's description ▾
Price vs Locality
Upcoming projects & infrastructure in New Panvel
take an informed decision268 MahaRERA projects are due to hand over in New Panvel between 2026 and 2030.
🔒 Units handing over each year · price by BHK · years to absorb supply · competing projects · infra impact on prices
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
New Panvel — resale, rent & yield
From MPE live listings, last 18 months · Mumbai price index ›
Unit Configurations (per MahaRERA)
RERA record & possession
Buildings · 3 wings
Location
Construction progress
per MahaRERASee all 12 stages ▾
Amenities
11+3 more ▾
Talk to our MahaRERA advisor
Tell our MahaRERA advisor what you need and they'll guide you on this project.
💬 Ask about resale or rental optionsNew Panvel market context
Property Rates in New Panvel
Commercial Projects in New Panvel
More by Mahalaxmi Developers
MahaRERA projects nearby in New Panvel
Next steps — clarity before you step out
Buying a home is not a quick decision. In association with developers, Mumbai Property Exchange sets up the video briefings, the site visits and the paperwork questions — so your homework is done before you commit an afternoon.
Frequently Asked Questions
Where is Mahalaxmi City located?
Mahalaxmi City is in New Panvel, Mumbai 410206.
What is the price of Mahalaxmi City?
1 & 2 BHK homes are priced ₹19.6 Lac–₹40.25 Lac as on 09 Jul 2026, about ₹4,600 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Mahalaxmi City offer?
1 BHK – 410 sq ft carpet at ₹19.6 Lac; 1 BHK – 480 sq ft carpet at ₹23.45 Lac; 2 BHK – 710 sq ft carpet at ₹32.2 Lac; 2 BHK – 915 sq ft carpet at ₹40.25 Lac.
When is possession of Mahalaxmi City?
As per MahaRERA, proposed possession is Dec 2028.
Is Mahalaxmi City RERA-registered?
Yes — MahaRERA registration P52000004631.
How many units does Mahalaxmi City have?
MahaRERA records 91 units across 6 buildings, up to 6 floors.
Who is the developer of Mahalaxmi City?
Mahalaxmi Developers — 13 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in New Panvel?
268 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.
