JSW Realty has entered into a development agreement to redevelop Malabar Court, a prominent residential property in South Mumbai’s Malabar Hill, with an estimated revenue potential exceeding ₹2,000 crore.The agreement has been signed with the Patel family, long-time owners of the property, marking a significant addition to the company’s growing portfolio of premium redevelopment projects. Malabar Court, which has been home to the Patel family for over 70 years, is considered a landmark within one of Mumbai’s most established residential neighbourhoods.Spread across less than an acre and located adjacent to the Malabar Hill Club, the upcoming project will be designed as a boutique luxury residential tower. The development will feature a mix of exclusive housing formats, including single-floor residences, duplex apartments, and a signature penthouse.According to the company, the design approach will draw inspiration from the site’s Art Deco heritage while integrating contemporary architectural elements. The project aims to balance legacy with modernity, aligning with evolving preferences in the high-end housing segment.“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,” the company said in a statement.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 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.”