List PropertyWhatsApp
Best DealsNew Projects🗺️ Projects MapBuy a FlatRent a FlatCommercialBuilders & DevelopersWhy UsRERA SearchLocalitiesTools & CalculatorsNRI HubNews+ List Your Property💬 WhatsApp Us
Mumbai property advisory & dataOperating since 1995✓ MahaRERA A51800043517Source-labelled project dataWe reply in minutes on WhatsApp
Completed/historical project — current inventory unconfirmedMahaRERA P52000004631

New Panvel · Mumbai

Mahalaxmi City

New Panvel · by Mahalaxmi Developers

Updated Sep 2026

91
Units
2028
Possession
3
Buildings
Certificate Signed
Status

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.

Completed/historical project — current inventory unconfirmed.

Ask an advisor to check current resale or rental availability.

Availability & Pricing

TypeCarpetPriceAvail
1 BHK410 ft²₹19.6 Lac
1 BHK480 ft²₹23.45 Lac
2 BHK710 ft²₹32.2 Lac
2 BHK915 ft²₹40.25 Lac

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 WhatsApp

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

Price vs Locality

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

Upcoming projects & infrastructure in New Panvel

take an informed decision

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

268
MahaRERA projects handing over in the next 5 years
in New Panvel
New projects in New Panvel by possession year
11
2026
71
2027
59
2028
77
2029
50
2030
In the full New Panvel report

🔒 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

Rent
₹110.0/sqft/mo
2 BHK ~₹70,000/mo

From MPE live listings, last 18 months · Mumbai price index ›

Unit Configurations (per MahaRERA)

ConfigurationCarpetIndicative Price
Shop84–272 ft²₹4 L–₹13 L
1 BHK394–497 ft²₹18 L–₹23 L
Configurations & carpet per MahaRERA filing · indicative price = locality rate × carpet (not the developer's quote).
💬 Verify current inventory with an advisor

RERA record & possession

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

Buildings · 3 wings

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

Location

Map data © OpenStreetMap contributors · location indicativeOpen larger 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%

Amenities

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

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

New Panvel market context

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

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.

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 2026-09-20). 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
WhatsAppCall

Latest Mumbai Property News

View all news →