JSW Realty Signs Agreement to Redevelop Malabar Court in South Mumbai
JSW Realty, the real estate arm of the JSW Group, has signed a development agreement (DA) to redevelop Malabar Court in South Mumbai’s upscale Malabar Hill. The project is expected to generate an estimated revenue potential of over ₹2,000 crore, featuring exclusive residences such as single-floor homes, duplexes, and a signature penthouse, the company stated on March 18.
The company signed a development agreement with the Patel Family, the long-standing owners of Malabar Court, which has been their home for over seven decades. The agreement signifies the trust and confidence that established property owners place in JSW Realty, according to the company statement.
The project spans an area of under one acre and is located adjacent to the Malabar Hill Club. The design of the project draws from its Art Deco legacy while adopting a contemporary approach. It is planned as a boutique luxury residential tower, offering exclusive residences and a curated suite of wellness and lifestyle amenities designed to provide residents with a private and tranquil retreat within the bustling city.
“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 of JSW Realty.
The project is expected to feature a range of high-end amenities, including private gardens, fitness centers, and exclusive lounges, designed to cater to the discerning tastes of luxury homebuyers. The development is expected to set new benchmarks in luxury living in South Mumbai, a region known for its premium real estate.
JSW Realty, part of the $23 billion JSW Group, is a leading real estate developer with a diverse portfolio that includes bespoke residences, integrated townships, curated projects, and mixed-use developments. The company is known for its commitment to architectural sensitivity, sustainability, and disciplined execution, ensuring the delivery of high-quality projects that create long-term value.
