Land Trades Mahalaxmi — Premium 2, 3 & 4 BHK Apartments at Alake, Mangalore
Land Trades Mahalaxmi is a K-RERA approved mixed-use luxury residential development by Land Trades Builders at Alake near Kudroli, Mangalore. The 34-floor tower rises to 114.9 metres on 1.47 acres, housing 162 large-format 2, 3, and 4 BHK apartments plus 10 commercial shops at the ground level, with possession targeted for June 2028.
Project Overview
About the Project
Land Trades Mahalaxmi is a K-RERA registered mixed-use luxury residential development by Land Trades Builders, located at Alake near Kudroli in central Mangalore. The project is planned on a 5,947 sq m site, or about 1.47 acres, as a single 34-storey tower rising to a height of 114.9 metres. The development houses 162 large-format residences across 2 and 3 BHK layouts and two 4 BHK penthouses on the top floor, along with 10 commercial shops at the lower ground level, making this a genuinely mixed-use vertical community.
The residential mix is built around five typical units per floor across floors 2 to 33, with carpet areas ranging from 75.41 sq m for 2 BHK homes to 116.57 sq m for the larger 3 BHK layouts. The two penthouse residences on floor 34 are substantially larger at 226 and 257 sq m carpet area, designed as the project’s flagship luxury homes. Power allocations are tiered by configuration, with 6 kW for 2 BHK, 8 kW for 3 BHK, and 10 kW for the 4 BHK penthouses.
Construction commenced on 1 June 2024 with a RERA-filed proposed completion of 1 June 2028, and the developer publishes monthly construction progress photos and videos dating back to August 2025. Pricing is currently available on request only. For buyers seeking a centrally located luxury home in Mangalore with strong civic and retail proximity, Mahalaxmi is one of the most actively progressing options in the market.
Price List
| Configuration | Size | Price | Availability |
|---|---|---|---|
| 2 BHK | ~75.41 sq m carpet (~812 sft) | Price on request | Under construction · 20 units |
| 3 BHK (Type A) | ~108.34 sq m carpet (~1,166 sft) | Price on request | Under construction · 28 units |
| 3 BHK (Type B) | ~111.01 sq m carpet (~1,195 sft) | Price on request | Under construction · 28 units |
| 3 BHK (Type C) | ~111.68 sq m carpet (~1,202 sft) | Price on request | Under construction · 32 units |
| 3 BHK (Type D) | ~116.57 sq m carpet (~1,255 sft) | Price on request | Under construction · 32 units |
| 4 BHK Penthouse (Floor 34) | 226.12 to 256.78 sq m carpet (~2,433-2,764 sft) | Price on request | Under construction · 2 units only |
GST & Other Charges
| Charge | Rate | Details |
|---|---|---|
| GST on Apartment Cost | 5% (no ITC) | 1% for affordable housing (≤ ₹45L, ≤ 60 sqm carpet). |
| Registration Charges | 1% | Of property value, paid at the Sub-Registrar office. |
| Stamp Duty | 2–5% | Karnataka: 5% above ₹45L, 3% for ₹21L–₹45L, 2% below ₹21L. |
| BESCOM & BWSSB | At actuals | Electricity and water connection deposits, as applicable. |
| Khata Registration | 2% | Of property value, paid to BBMP for ownership records. |
| Legal & Documentation | At actuals | Legal vetting, agreement drafting, sale-deed preparation. |
| Maintenance Deposit | 12 months | Advance maintenance, refundable or adjustable. |
| Corpus Fund | One-time | As per the sale agreement — society reserve fund. |
| Club House | Per unit | Included in base price or charged separately by the developer. |
| Car Parking | Per slot | As per the sale agreement — covered or open slot. |
Note: Charges are indicative; final amounts are confirmed at the time of booking and subject to applicable laws, project location, and unit specifications.
Floor Plans
Amenities
Specifications
Location & Connectivity
Nearby Places
- Mangalore Central Railway Station 2.5 km
- Kudroli Sri Gokarnatha Kshetra adjoining catchment
- Kudroli Kambla Cross Road adjoining north
- Krishna Kuteer Road adjoining south
- NH-66 Mangalore-Mumbai Highway within driving distance
- Mangalore Junction Railway Station within driving distance
- State Bank Junction within central Mangalore
- Bharath Mall 1.7 km
- City Centre Mall 1.6 km
- Forum Fiza Mall within driving distance
- Empire Mall within driving distance
- Hampankatta retail belt within driving distance
- Mannagudda commercial belt nearby
- Yenepoya Hospital 1.4 km
- City Hospital within driving distance
- Father Muller Medical College Hospital within driving distance
- KMC Hospital Attavar within driving distance
- Kasturba Medical College Hospital within driving distance
- A.J. Hospital & Research Centre within driving distance
- Canara High School within driving distance
- St. Aloysius College within driving distance
- Lourdes Central School within driving distance
- Mount Carmel Central School within driving distance
- Yenepoya University within driving distance
- Mangalore University within driving distance
- Mangaluru International Airport 12.5 km
- Mangalore SEZ & Industrial Area within driving distance
- New Mangalore Port within driving distance
- MRPL Refinery area within driving distance
- Central Mangalore commercial district nearby
- Police Station 1.1 km
- Kudroli Sri Gokarnatha Temple nearby
- Mangaladevi Temple within driving distance
- Tannirbhavi Beach within driving distance
- Panambur Beach within driving distance
- Pilikula Nisargadhama within driving distance
Alake, Mangaluru
Central Mangaluru's temple-district address — Sri Gokarnanatheshwara Temple (Kudroli) adjacent, Land Trades Mahalaxmi 33-floor luxury tower (RERA-registered, June 2028 possession), Arabian Sea views, Mangaluru Central Railway Station 2.1 km
About the Developer
Land Trades Builders & Developers is one of Mangalore’s most established real estate companies, headquartered at Milestone25, Collectors Gate Junction, Balmatta. The group operates across residential, commercial, and interiors verticals, with a portfolio of completed and ongoing apartment developments concentrated across Mangalore’s premium neighbourhoods including Kadri, Kodialbail, Kankanady, Alake, Bendoorwell, and Chilimbi.
The developer’s residential portfolio includes Durga Mahal, Laxmi Govind, Krishna Kuteera, Mahalaxmi, BMK Sky Villa, Pristine, Shivabagh, Altitude, and Altura, alongside commercial projects Vikram and Synergy. Buyers should note the brand-versus-entity distinction: while Land Trades is the developer, the RERA-named project contractor for Mahalaxmi is MFAR Construction Pvt. Ltd., a 1990-established Mangalore construction firm. The third-party EPC arrangement is worth confirming in the sale agreement, since project execution responsibility sits with MFAR rather than the developer’s in-house team.
Expert Review
Land Trades Mahalaxmi is best suited to buyers who want a centrally located luxury apartment in Mangalore with active construction progress they can monitor before booking. The combination of a 114.9 metre tower, 162 residences across thoughtful 2, 3, and 4 BHK layouts, walkable proximity to Yenepoya Hospital, City Centre Mall, and the railway station, and approvals from a wide panel of leading banks make this a credible central-city luxury option. The construction-progress gallery dating back to August 2025 is a strong transparency signal at a stage when most competing launches show only renders.
The main caveats are pricing opacity and mixed-use character. Land Trades quotes pricing on request only, so buyers must approach the developer directly to understand the actual cost sheet. The project is RERA-classified as a Mixed Development with 10 commercial shops at the lower-ground level, which the developer’s public site does not surface explicitly. Construction is executed by MFAR Construction Pvt. Ltd. under a third-party EPC arrangement rather than by Land Trades’ own team. For a buyer wanting a centrally located, actively progressing luxury home in Mangalore and comfortable with mixed-use ground-floor commercial activity, this is a serious shortlist option.
Pros 14
- K-RERA registered with MUDA plan approval
- Active construction with monthly progress photos
- Yenepoya Hospital just 1.4 km away
- City Centre Mall and Bharath Mall within 2 km
- Mangalore Central Railway Station 2.5 km away
- Airport reachable in 12.5 km
- Centralized gas bank with reticulated pipeline
- Solar water provision for master bedroom toilets
- Two flagship 4 BHK penthouses on floor 34
- 5-level dedicated car parking block
- Tiered power allocation by configuration
- Bank approvals from SBI, ICICI, Axis, Canara, IDBI
- Tower height of 114.9 metres for elevated views
- Construction underway since June 2024
Cons 8
- Pricing only on request, no public rate card
- Possession runs to June 2028
- Mixed-use with 10 commercial shops at ground level
- Third-party contractor (MFAR) executes construction
- Compact 1.47-acre site limits open space
- High FAR of 4.47 indicates dense vertical build
- Penthouse inventory very limited (2 units)
- Central Mangalore traffic congestion at peak hours
Payment Plan
Flexible milestone-linked payments aligned with project progress. Actual break-up is confirmed in the sale agreement.
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More About This Project
Land Trades Mahalaxmi Configuration Ladder & Unit Mix
Land Trades Mahalaxmi is planned around a layered configuration ladder that spans entry 2 BHK homes through to flagship 4 BHK penthouses on floor 34. The residential mix is built on a typical five-unit floor plate replicated across floors 2 to 33, with two penthouses on the top floor.
- 2 BHK — 20 units, carpet area approximately 75.41 sq m
- 3 BHK Type A — 28 units, carpet area approximately 108.34 sq m
- 3 BHK Type B — 28 units, carpet area approximately 111.01 sq m
- 3 BHK Type C — 32 units, carpet area approximately 111.68 sq m
- 3 BHK Type D — 32 units, carpet area approximately 116.57 sq m
- 4 BHK Penthouse — 2 units on floor 34, 226 to 257 sq m carpet area
- 10 commercial shops at the lower ground level
This layered mix lets families upgrade within the building over time and gives the project a broader buyer pool than a single-configuration luxury launch.
Land Trades Mahalaxmi Master Plan, Tower Height & Mixed-Use Profile
Land Trades Mahalaxmi is master-planned as a single 34-floor tower on a 1.47-acre site at Alake, with a clear mixed-use profile that places residences above commercial activity. The plot supports a sanctioned FAR of 4.47, with an additional 6,780 sq m of transferable development rights, enabling the verticality and density that defines the project.
- Single mixed-use tower of LG + UG + 32 floors + Penthouse
- Tower height of approximately 114.9 metres
- Total built-up area of 38,312 sq m
- Total plinth area of 22,975 sq m
- FAR sanctioned at 4.47
- TDR sanctioned of 6,780 sq m
- Separate 5-level car parking block
- 257 total parking slots (219 covered + 38 open)
- Commercial shops occupy the lower ground level
At 114.9 metres tall, Mahalaxmi is among the taller residential addresses in Mangalore, with elevated floors benefiting from city and coastal views.
Land Trades Mahalaxmi Specifications — Structure, MEP & Smart Features
Land Trades Mahalaxmi carries a comprehensive specification package across structure, interiors, plumbing, and electrical systems, including a few features that stand out for the Mangalore market.
- RCC framed structure with laterite stone masonry external walls
- Centralised gas bank with reticulated gas pipeline to kitchens
- Solar water provision specifically for master bedroom toilets
- Premium Large Size Vitrified, GVT, and PGVT tiles inside flats
- Veneer-finished hardwood main door with melamine polish
- Anodized aluminium glazed windows with mosquito mesh
- Three high-speed passenger lifts and one service lift
- STP-treated water network for flushing and gardening
- WiFi and telephone points across living and bedrooms
The combination of reticulated gas, solar water provision, and a separate parking block raises this above the typical Mangalore specification baseline.
Land Trades Mahalaxmi Construction Progress & Build-Out Status
One of Land Trades Mahalaxmi’s strongest transparency signals is its monthly construction progress documentation. The developer publishes dated photo galleries and YouTube progress videos for every month since August 2025, allowing prospective buyers to verify physical progress before booking.
- Construction commenced 1 June 2024
- Foundation footing — October to December 2024
- RCC framed structure — January 2025 to October 2026
- Masonry construction — April 2025 to February 2027
- Plastering — July 2025 to June 2027
- Electrification and water supply — November 2025 to March 2028
- Tiles and dadoing — October 2025 to February 2028
- RERA-filed proposed completion — 1 June 2028
The monthly progress gallery, dating back nine months, is unusually detailed for the Mangalore market and is itself a useful due-diligence tool.
Land Trades Mahalaxmi Connectivity & Alake Profile
Land Trades Mahalaxmi is located at Alake near Kudroli, a central Mangalore micro-market with strong walkable civic and retail infrastructure already in place. The site sits in the established northern part of central Mangalore, with quick access to the railway corridor and the airport via NH-66.
- Yenepoya Hospital 1.4 km away
- Police Station 1.1 km away
- City Centre Mall 1.6 km away
- Bharath Mall 1.7 km away
- Mangalore Central Railway Station 2.5 km away
- Mangaluru International Airport 12.5 km away
- Kudroli Sri Gokarnatha Kshetra adjoining catchment
The Alake-Kudroli pocket is among the more walkable parts of central Mangalore for everyday needs, balancing residential settlement with proximity to retail, hospitals, and civic infrastructure.
Land Trades Mahalaxmi RERA, MUDA Approvals & Legal Status
Land Trades Mahalaxmi carries an active Karnataka RERA registration alongside a MUDA-sanctioned building plan, a detailed cost declaration, and a TDR sanction. The project has been actively under construction since mid-2024.
- K-RERA registration: PRM/KA/RERA/1257/334/PR/040524/006849
- RERA acknowledgement: ACK/KA/RERA/1257/334/PR/020524/008104
- MUDA plan number: E4/BA 40/2023-24
- MUDA plan approval date: 31 January 2024
- Project start date: 1 June 2024
- RERA proposed completion: 1 June 2028
- Total project cost (RERA filing): ₹179.99 Crore
- TDR sanctioned: 6,780 sq m
- Approvals from SBI, ICICI, Axis, Canara, IDBI, BoB, Karnataka Bank, Union Bank
Buyers should verify the live K-RERA registration on the official Karnataka RERA portal, confirm the MFAR Construction contractor arrangement and the Land Trades selling entity in the sale agreement, and request a fully itemised cost sheet at booking.
Frequently Asked Questions
Land Trades Mahalaxmi is currently priced on request, with the developer not publishing a public rate card. Prospective buyers should approach Land Trades Builders directly for a detailed cost sheet covering basic price, GST, registration, stamp duty, and any preferred-location or floor-rise charges before booking.
Land Trades Mahalaxmi is located at Alake near Kudroli in central Mangalore, with its RERA-registered address along Kudroli Kambla Cross Road and Krishna Kuteer Road, Mangalore 575003. The project sits 1.4 km from Yenepoya Hospital, 2.5 km from Mangalore Central Railway Station, and 12.5 km from Mangaluru International Airport.
Land Trades Mahalaxmi is developed by Land Trades Builders & Developers, a Mangalore-based real estate company. The RERA-named project contractor is MFAR Construction Pvt. Ltd., a 1990-established Mangalore construction firm, and the project architects are Saurabh Chatterjee and Nandan N Bhat.
Land Trades Mahalaxmi offers 162 residences across 2 BHK, 3 BHK (in four type variations), and 4 BHK penthouse layouts. The 2 BHK homes carry roughly 75 sq m carpet area, the 3 BHK variants range from 108 to 117 sq m, and the two flagship 4 BHK penthouses on floor 34 range from 226 to 257 sq m carpet area.
Land Trades Mahalaxmi carries the Karnataka RERA registration number PRM/KA/RERA/1257/334/PR/040524/006849, with an acknowledgement number of ACK/KA/RERA/1257/334/PR/020524/008104. The RERA-filed proposed completion date is 1 June 2028, with construction having commenced on 1 June 2024.
Land Trades Mahalaxmi has an RERA-filed proposed completion date of 1 June 2028. The detailed construction schedule shows electrification and finishing works running into 2028, so buyers should treat the June 2028 date as the legally committed possession timeline.
Land Trades Mahalaxmi is RERA-classified as a Mixed Development. The tower houses 162 residential apartments across floors 2 to 34, plus 10 commercial shops at the lower-ground level. The developer’s public listing markets it primarily as a residential project, but the commercial component is registered in the RERA filing.
Land Trades Mahalaxmi rises to approximately 114.9 metres across 34 floors, with a lower ground, upper ground, 32 residential floors, and a penthouse floor on top. This makes the tower one of the taller residential addresses in Mangalore, with elevated floors benefiting from city and coastal views.
Land Trades Mahalaxmi is planned across a 5,947 sq m site, or about 1.47 acres, with 172 total units comprising 162 residential apartments and 10 commercial shops. The total built-up area is 38,312 sq m, with a sanctioned FAR of 4.47 and an additional TDR sanction of 6,780 sq m.
Land Trades Mahalaxmi offers a fully equipped gymnasium, outdoor gym, swimming pool, terrace sauna and steam bath, indoor games, meditation deck, yoga room, kids and adventure play areas, pet park, community plaza, walkway, barbeque counter, double-height lobby, and a 5-level dedicated car parking block with centralised gas bank.
Land Trades Mahalaxmi has strong central Mangalore connectivity, with Yenepoya Hospital 1.4 km away, Police Station 1.1 km away, City Centre Mall 1.6 km away, Bharath Mall 1.7 km away, Mangalore Central Railway Station 2.5 km away, and Mangaluru International Airport 12.5 km away by surface road.
Yes, construction is actively underway at Land Trades Mahalaxmi since 1 June 2024. The developer publishes monthly construction progress photos and YouTube videos dating back to August 2025, allowing prospective buyers to verify physical progress before booking. The project is RERA-filed for completion in June 2028.
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Latest Updates
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31 Jan 2024MUDA Building Plan Approved
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04 May 2024K-RERA Registration Approved
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01 Jun 2024Construction Commenced
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01 Apr 2026Latest Construction Progress Update
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