JSW Realty, the real estate arm of the JSW Group, has entered into a development agreement to redevelop Malabar Court, a prominent residential property located in South Mumbai’s premium Malabar Hill area. The proposed project is expected to generate revenue exceeding Rs 2,000 crore, marking a significant addition to the city’s luxury housing segment.
The company confirmed that it has partnered with the Patel family, long-time owners of Malabar Court, to undertake the redevelopment. “The company today signed a development agreement with the Patel Family for Malabar Court, an exclusive property in Mumbai’s most established residential neighbourhood. Malabar Court has been home to the Patel family for over seven decades and holds a distinctive place in the neighbourhood’s residential fabric. The agreement reflects the confidence that long-standing property owners increasingly place in JSW Realty,” according to a company statement.
Spread across less than one acre and situated next to the Malabar Hill Club, the project is planned as a boutique luxury residential tower. The design will draw inspiration from the site’s Art Deco heritage while incorporating modern architectural elements.
The development will feature a limited number of high-end residences, including single-floor apartments, duplex units, and a signature penthouse. JSW Realty expects the project to deliver a topline exceeding Rs 2,000 crore.
“Malabar Court is envisioned as a rare offering shaped by continuity rather than reinvention. Over the last five years, we have meticulously built a portfolio that prioritises quality and architectural integrity. With Malabar Court, we strengthen our commitment to developments that honour the legacy of the neighbourhood while delivering enduring institutional value,’ said Sujal Shroff, CEO, JSW Realty.
The project is also expected to include a range of curated wellness and lifestyle amenities aimed at offering residents a private and serene living environment within the city.
JSW Realty, part of the USD 23 billion JSW Group, continues to expand its footprint through premium residential and mixed-use developments, focusing on design excellence, sustainability, and long-term value creation.
Source: Hindustan Times
