Luxury skyscrapers in South Mumbai impose financial challenges on occupants. Luxury living in south Mumbai is exemplified by Tardeo's 60-story Imperial Heights, with 220 apartments of various sizes. Maintaining and paying property tax might cost residents Rs 70,000 to Rs 2 lakh per month.

K Raheja Corp Homes, a real estate developer, has sold eight sea-view opulent residences in South Mumbai's Mahalaxmi neighbourhood to the Creative Group of Industries for roughly 155 crore.

K Raheja Corp Homes, the development arm of real estate developer K Raheja, will build a 1 million-square-foot luxury home complex on a 3-acre premium plot in Mahalaxmi, South Mumbai.