Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897. Of all the addresses across Mumbai where the developer has built, Mahalaxmi holds a particular significance — it is where Godrej Properties first announced itself as a large-scale, high-rise developer in South Mumbai, and it is where the company has returned with its most ambitious residential project to date.
Planet Godrej, a masterclass in Mumbai overlooking the Mahalaxmi Racecourse, was a turning point for the success of Godrej Properties. Crafted by Singapore-based DP Architects and Mumbai-based JP Parekh, this 50-storeyed, five-tower skyscraper enjoys the status of a monumental landmark, with spectacular 360-degree views from all residences — overlooking the Mahalaxmi Racecourse, the Haji Ali Mosque, and the Arabian Sea.
Planet Godrej sits on a 9-acre plot at Mahalaxmi, stands 181 metres tall across 51 floors, and houses approximately 300 residential apartments — with only 5 per cent of the total land used for the built structure, resulting in extensive open space. The project won the PINNACLE Award in 2006, Best Residential Project – Western India in 2009, and Project of the Year – Mumbai in 2007. That track record in Mahalaxmi — a completed, occupied, award-recognised development — is the foundation on which Godrej Avenue Eleven now stands.
Godrej Avenue Eleven has 2 towers in this project, with 77 floors each and just 377 units to offer, spread over an area of 3.27 acres — making it one of the most lavishly built projects in the Mumbai South region. The project spans 3.85 acres of prime land, with 2.4 acres dedicated to open green spaces, and is designed for low-density living — meaning fewer homes per tower, offering greater privacy and exclusivity.
The project is located at 7 Rasta (Sane Guruji Marg), Mahalaxmi, Mumbai 400011. Buyers can choose from ultra-luxurious 3 BHK and 4 BHK apartments that offer extra-large living areas and grand master bedrooms, with full-length French windows and spacious decks that allow natural light. Units range from 2,100 sq ft to 2,400 sq ft, spread across the 4-acre development.
The project is being developed by Godrej Residency Pvt. Ltd., with Godrej Properties Limited appointed as the Development Manager. The project was earlier developed by Neelkamal Realtors Towers Private Limited, which has since been transferred to the Developer pursuant to a registered deed of conveyance dated 23 December 2022.
| Configuration | Carpet Area | Starting Price |
|---|---|---|
| 3 BHK | 1,700 – 2,000 sq ft | Enquire for current pricing |
| 4 BHK | 2,100 – 2,400 sq ft | From ₹13.01 Cr onwards |
The anticipated possession is December 2028. Tower A holds MahaRERA registration number P51900005216, while Tower B is registered as P51900006299.
Godrej Avenue Eleven offers a curated suite of amenities designed for every generation. At the crown of the tower sits what is described as Mumbai's highest rooftop infinity pool — a statement of exclusivity that sets this project apart. Other facilities include a grand clubhouse, a rooftop observatory deck, a kid's play area, a jogging track, a mini theatre, and multiple play courts. A scenic jogging track and a spa and wellness centre enhance the lifestyle experience, complemented by private lobbies for each apartment.
Mahalaxmi occupies an unusual position in Mumbai's geography: it sits at the junction of the Western Railway line, the Monorail corridor, and the arterial roads that connect the southern business district to the western suburbs. Mahalaxmi is well connected to all main regions of Mumbai by the Western Line, Central Line, Monorail, Eastern Express Highway, and NM Joshi Marg, with Mahalaxmi (western line) and Chinchpokli (central line) as the nearest railway stations.
The transit picture is strengthening further. Metro Line 3 (the Aqua Line), a 33.5 km underground corridor from Colaba to Aarey JVLR, is already reducing north-south travel time by nearly 40–50 per cent, directly connecting Mahalaxmi to business districts including Worli, Dadar, BKC, and the airport terminals. The Mahalaxmi Metro station on Line 3 is approximately 500 metres from Godrej Avenue Eleven, with Mumbai Central Railway Station 1.4 km away, and Worli, Nariman Point, and Lower Parel all within a 15-minute drive.
Mahalaxmi is close to key commercial hubs such as Indiabulls Finance Centre, Peninsula Corporate Park, Peninsula Business Park, Lodha Excelus, and Lodha Supremus. Significant employment centres including the Bombay Stock Exchange, World Trade Centre, Maker Chambers, Mantralaya, and the New Administrative Building at Nariman Point are all within 5–10 kilometres.
On the social infrastructure side, renowned hospitals including Wockhardt Hospital, Nair Hospital, and Apollo Spectra Hospital surround the address, while quality education is nearby with schools such as Seventh Day Adventist School and St. Agnes' High School in the vicinity. For retail, residents can access Bayside Mall, CB Shopping Mall, and Phoenix Palladium.
Mahalaxmi's pricing reflects its scarcity and connectivity. During Q1 2026, average property prices at Godrej One Mahalaxmi moved from ₹64,250 per sq ft to ₹66,650 per sq ft, reflecting a 3.74 per cent quarterly rise. The quarter before, Q4 2025, showed a 7.53 per cent rise from ₹59,750 to ₹64,250 per sq ft. Mahalaxmi is showing an overall surge to roughly ₹61,800 per sq ft, driven by infrastructure growth, connectivity improvements, and future investment appreciation.
Luxury registrations in the ₹5 crore-plus category are increasing more rapidly in the Mahalaxmi, Lower Parel, and Worli corridor than in established premium locations like Juhu or Andheri West — a trend that reflects buyer desire for proximity to business areas without paying peak South Mumbai prices.
Ultra-luxury projects in Mahalaxmi have shown steady price growth over the past decade. Unlike fast-moving suburban markets, appreciation here is gradual and consistent, supported by limited availability of large land parcels and strong end-user demand rather than speculative buying.
Godrej Properties Limited is an Indian real estate company headquartered in Mumbai, a subsidiary of Godrej Industries Group, operating in the residential, commercial, and township development sectors across major Indian cities, and listed on both the Bombay Stock Exchange and National Stock Exchange. In 2025, the company reported sales bookings of ₹34,171 crore.
With over 33 years of expertise in real estate, Godrej Properties has established a portfolio spanning over 200 million sq ft, including 30 projects in Mumbai alone. Within Mumbai, the developer is active across South Mumbai and the suburbs with landmark projects including Godrej Avenue Eleven in Mahalaxmi, Godrej Five Garden in Matunga, and upcoming new launches in Kandivali and Vikhroli. Outside Mumbai, Godrej Properties has several prominent projects in Thane, including Godrej Exquisite, Godrej Nirvaan, and Godrej Emerald.
The company has been included in the Fortune India 500 rankings in 2012, 2014, 2015, 2016, and consecutively from 2020 to 2024. Godrej Properties was also the first real estate company in India to receive ISO certification. In Mahalaxmi specifically, the developer now holds the rare distinction of having both a completed, delivered landmark (Planet Godrej) and an active under-construction project (Godrej Avenue Eleven) in the same micro-market — giving buyers a tangible reference point for what the brand delivers at this address.
