JSW Realty Signs Development Pact for ‘Malabar Court,’ Plans a luxury residential tower for ₹2,000cr.

Riddhima Jain — Thu, 19 Mar 2026 09:34:42 +0000

Mumbai, March 18, 2026 — JSW Realty, real estate arm of the JSW Group, has signed a development agreement with the Patel family for Malabar Court, a prime residential property in Mumbai’s Malabar Hill.

Spread across just under an acre and located adjacent to the Malabar Hill Club, the site will be redeveloped into a boutique ultra-luxury residential tower with an estimated topline of over ₹2,000 crore.

The project will offer a limited inventory of residences, including single-floor homes, duplexes and a signature penthouse, positioning it within Mumbai’s ultra-premium housing segment.

Malabar Court, which has been home to the Patel family for over seven decades, is considered a legacy property in the neighbourhood. The redevelopment reflects a broader trend of established property owners partnering with institutional developers.

Commenting on the development, Sujal Shroff, CEO, JSW Realty, said, “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 prioritizes 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.”

Property Development | Business Upturn

JSW Realty Signs Development Pact for ‘Malabar Court,’ Plans a luxury residential tower for ₹2,000cr.