Mahalaxmi · Mumbai
Minerva
Minerva Road, Off, NM Joshi Marg, Mahalaxmi · by Lokhandwala Infrastructure (P) Ltd
Updated Sep 2026
MahalaxmiPhotos from the project record · tap to enlarge
A first look at Minerva
Minerva is a residential project by Lokhandwala Infrastructure (P) Ltd on Minerva Road, Off, NM Joshi Marg, Mahalaxmi, Mumbai 400011. It is registered with MahaRERA under P51900008204 (registered 2025-12-29). The project has 372 units across 3 buildings of up to 42 floors. It offers 4 BHK homes with carpet areas of 2,019–2,136 sq ft, priced ₹13.12 Cr–₹13.88 Cr as on 06 Sep 2026 (indicative). The quoted rate is about ₹65,000 per sq ft. MahaRERA proposed possession: Apr 2027.
6 for sale · 6 for rent in this building right now, listed below.
Availability & Pricing
Prices as on 06 Sep 2026. Approximate pricing as on that date. Prices are indicative, subject to change and to reconfirmation with the developer.
💬 Request latest price on WhatsAppUnit configurations filed with MahaRERA (5)
Property listings in Minerva
Minerva floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
Minerva videos
About Minerva
Location
The address of Minerva is Minerva Road, Off, NM Joshi Marg, Mahalaxmi, Mumbai 400011, in the Mumbai City district. Across 52 recent resale listings on MPE, homes in Mahalaxmi have a median asking rate of ₹60,357 per sq ft, and a 2 BHK typically rents for about ₹1.85 Lac a month.
MahaRERA record
The MahaRERA registration number is P51900008204, issued on 29 December 2025. The registered promoter is Lokhandwala Kataria Construction Private Limited. The filing lists 3 wings: MINERVA 1A 1-39 with 200 units over 42 floors; MINERVA 1B 40-65 with 124 units over 26 floors; MINERVA 1C 66-79 with 48 units over 14 floors. Per the registration, the architect on record is AMIT THORAT and the project escrow account is with HDFC Bank.
Homes and prices
The price list covers 4 BHK of 2,019–2,136 sq ft at ₹13.12 Cr–₹13.88 Cr; 3½ BHK of 2,058 sq ft at ₹13.38 Cr (carpet area), as on 06 Sep 2026. That works out to about ₹65,000 per sq ft of carpet, 8% above the locality's resale median. Prices are indicative and should be reconfirmed with the developer before booking.
Construction and possession
The latest MahaRERA progress report shows foundation at 100%, structure at 99%, finishing at 94%, services at 88%. Proposed possession is Apr 2027.
Developer track record
Lokhandwala Infrastructure (P) Ltd has 23 projects tracked on Mumbai Property Exchange, 23 of them delivered (ready or sold out).
Buyer demand in Mahalaxmi
In the last 90 days, buyers and tenants registered 21 requirements for Mahalaxmi with Mumbai Property Exchange, 6 of them to buy.
Developer's description ▾
Mahalaxmi market
prices, rents & ratesPrice vs locality
Mahalaxmi — resale, rent & yield
This project is quoted around ₹64,983/sqft — 8% above resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Mahalaxmi
Upcoming projects & infrastructure in Mahalaxmi
take an informed decision7 MahaRERA projects are due to hand over in Mahalaxmi between 2027 and 2031; the nearest upcoming infrastructure to Minerva is the Worli-Sewri Connector, 1.3 km away (under construction · due 2026).
- 🚇Line 3 AquaOpened 20251.2 km
- 🛣️Worli-Sewri ConnectorUnder construction · due 20261.3 km
- 🛣️Coastal Road (Phase 1)Opened 20241.7 km
- 🚇Line 11 GreenApproved1.9 km
- 🌉MTHL / Atal SetuOpened 20243.3 km
🔒 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.
RERA record & possession
Buildings · 3 wings
372 unitsLocation
Construction progress
per MahaRERASee all 14 stages ▾
What you pay, and when
an exampleThis 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: 3½ BHK · 2058 sq ft at ₹13.38 Cr (the price recorded above).
- ✓ Plinth complete45% paid by then
- ✓ Slabs complete70% paid by then
- ✓ Walls, plaster & flooring75% paid by then
- ○ Sanitary fittings80% paid by then
- ○ Staircases, lift wells & lobbies85% paid by then
- ○ Lifts, pumps, plumbing & elevation95% paid by then
- ○ Possession100%
With a home loan: banks usually fund up to 75% (₹10.04 Cr here), released stage by stage, so your own money is about ₹3.35 Cr plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹8.71 L/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 advisorAmenities
12+4 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 optionsResale Flats for Sale in Mahalaxmi
4
Flats for Rent in Mahalaxmi
4
Commercial for Sale in Mahalaxmi
1
Commercial for Lease in Mahalaxmi
2
Compare Minerva with similarly priced projects nearby
MahaRERA projects nearby in Mahalaxmi
Frequently Asked Questions
Where is Minerva located?
Minerva is on Minerva Road, Off, NM Joshi Marg, Mahalaxmi, Mumbai 400011.
What is the price of Minerva?
4 BHK homes are priced ₹13.12 Cr–₹13.88 Cr as on 06 Sep 2026, about ₹65,000 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Minerva offer?
4 BHK – 2,019 sq ft carpet at ₹13.12 Cr; 3½ BHK – 2,058 sq ft carpet at ₹13.38 Cr; 4 BHK – 2,136 sq ft carpet at ₹13.88 Cr.
When is possession of Minerva?
As per MahaRERA, proposed possession is Apr 2027.
Is Minerva RERA-registered?
Yes — MahaRERA registration P51900008204, registered 2025-12-29.
How many units does Minerva have?
MahaRERA records 372 units, up to 42 floors.
Who is the developer of Minerva?
Lokhandwala Infrastructure (P) Ltd — 23 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Mahalaxmi?
7 MahaRERA-registered projects in Mahalaxmi are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Minerva?
Line 3 Aqua — opened 2025, 1.2 km away; Worli-Sewri Connector — under construction · due 2026, 1.3 km away; Coastal Road (Phase 1) — opened 2024, 1.7 km away; Line 11 Green — approved, 1.9 km away. Timelines are as announced and 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.
