The BMC has invited suggestions and objections for the proposed change in use of the Mahalaxmi racecourse. The state government recently approved a proposal to develop 120 acres of the racecourse land into a park.

The state cabinet approved the plan to develop a park on 120 acres out of the 300-acre racecourse. In June 2024, the state cabinet also approved the renewal of the lease of the Royal Western India Turf Club for 30 years for the remaining 180 acres. The process of handing over the 120-acre land parcel to the BMC has been recently completed.