Mahalaxmi temple is located at the seashore on the northern side of Malabar hills, Mahalakshmi temple is one of the most sacred temples in Mumbai. The temple enshrines three dieties namely Lakshmi, Kali and Saraswati. However, the principal diety is goddess lakshmi and hence the name Mahalakshmi temple.

History
Built around 1785, the history of this temple is supposedly connected with the building of the Hornby Vellard. It is said that when Britishers failed in their repeated attempts to connect Mahalakshmi area to Worli by building Breach Candy on account of ferocious tides, they had almost surrendered. The problem was fixed only by divine intervention when the goddess Lakshmi appeared in the dream of chief engineer and asked him to remove the three statues from the sea bed and establish them in a proper shrine. A search operation was launched to recover the statues and a temple was built. After this, the work on the vellard could be completed without a hitch. .