Finally, 120 acres of Mahalaxmi Race Course land has been handed over to the BMC to develop a central park, along with 175 acres of open space for the Mumbai Coastal Road project. The Maharashtra cabinet on Monday approved a proposal by the BMC to take over 120 acres of the 211-acre Mahalaxmi Race Course. Mumbai’s existing green area of 3,917 acres will increase to 4,212 acres after developing the 300-acre land.