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Piramal Mahalaxmi

P24

Dhobighat/Saatrasta, marketed as Mahalaxmi; registration lapsed while ~78% sold · RERA P51900015854 (South Tower) · P51900016482 (Central Tower) · P51900021057 (North Tower)

Piramal Mahalaxmi plot outlined on the Rexray View MapYour plot on the 2032 skyline · tap for context
Overall Score5.0/10as of 08/26

A finished tower on clean land, let down by its paperwork

Flags
  1. A registered charge of about Rs.1,000 crore over the development rights being sold appears nowhere in the sale agreement's own disclosure.
  2. The occupation certificate is partial and bars final possession of the flats facing the jail side, without identifying which homes those are.
The 5 things that decide it tap to jump
FVL — Rexray's index · F Fundamentals · V Value · L Livability · each pillar is the average of its scored attributes, scored 0–10: Weak (<4) · Mixed (4–6) · Fair (6–7.5) · Strong (7.5+) · the verdict is set separately, by hard-stop rules · Scoring Methodology →
The plot & what surrounds it — at 2032
Rexray View Map: Piramal Mahalaxmi and its surrounding development modelled at 2032
Piramal Mahalaxmi — plot boundaryResidentialCommercialFuture confirmed development (layout speculative)Existing Building
Rexray View Map — every surrounding mass is modelled from sanctioned or filed data at possession-horizon build-out. The red boundary marks the Piramal Mahalaxmi plot; the coloured blocks around it are the neighbouring residential, commercial, and rehabilitation development at build-out. This is the density the Livability score is measuring.

Pillar scores are provisional roll-ups derived from the 16 attribute scores · FVL numeric scoring pending across all properties

Five questions to ask before you commit
  1. Which homes face east only, and which are the 'flats facing Jail side' whose possession the occupation certificate bars? Ask for the architect's schedule by floor and unit — one document answers both, and nothing in the sale papers answers either.
  2. Is the roughly Rs.1,000 crore charge released over the home being sold, and will you produce the lender's no-objection? The agreement's own disclosure never mentions it.
  3. Has a full occupation certificate been issued? The certificate in hand is a partial one, and conveyance to the society runs from a full certificate that the agreement never defines, dates or commits to.
  4. When does the land actually transfer, and to whom? Transfer of the grounds and the amenity floor runs from the occupation of the LAST building of a multi-phase scheme with no dates, and the co-operative society had not been registered even in name as at April 2023.
  5. What is this tower's sanctioned built-up area, home count and parking count? The approval that governs the finished building approves the plans by reference only, and no document produced states any of the three.
Analyst's Read

A tower that is genuinely finished and certified on clean municipal land — 49 floors marketed, on the portal and certified by two government instruments, scheme consent certified at 78%, the rehabilitation component substantially delivered, excellent lift provision and a west aspect protected by a heritage listing — let down by disclosure and regulatory integrity: a registration that lapsed while about 78% sold, a Rs.1,000 crore charge absent from the sale agreement's own disclosure, a clause removing the buyer's right to terminate against full forfeiture, and a title opinion untouched since December 2020.

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Source tags — REG registered docs · GOV government · REXRAY field intel · SEC verified secondary · MKT marketing (documents claims, never verifies).
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