Any process in which membrane rafts are transported to, or maintained in, a specific location. Membrane rafts are small (10-200 nm), heterogeneous, highly dynamic, sterol- and sphingolipid-enriched membrane domains that compartmentalize cellular processes. [ http://www.ncbi.nlm.nih.gov/pubmed/16645198 GOC:ai ]
Synonyms: establishment and maintenance of membrane raft localization lipid raft localization membrane raft localisation