JSW Realty inks pact to redevelop Malabar Court in South Mumbai

Mumbai: JSW Realty, the real estate arm of JSW Group, has entered into a development agreement to redevelop Malabar Court, spread over less than an acre of prime land in South Mumbai’s plush Malabar Hill locality.

The existing Art Deco property is located adjacent to the Malabar Hill Club. The company is planning to develop a boutique luxury residential tower on the land parcel and expects to generate a topline of over Rs 2,000 crore.

The project is expected to house luxury residences, including single floor homes, duplexes and a signature penthouse, the company said in a release.


Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region’s property market, as the land-starved city and its peripheral areas have few vacant land parcels.

Malabar Hill has historically seen limited fresh supply owing to land scarcity and tight development norms, with most additions coming through redevelopment of old buildings, institutional plots and trust-owned properties.

Large contiguous parcels in the area are rare and typically attract established developers with the balance sheet strength to execute premium projects. The locality commands some of the highest residential values in the country, driven by sea views, low density and proximity to key south Mumbai business districts such as Nariman Point, Churchgate, Worli and Lower Parel.