Tag: Malabar Hill

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Oberoi Realty to Redevelop 1,740 Sq Meters in Mumbai

Representative image NEW DELHI: Oberoi Realty has initiated a development agreement for the redevelopment of a 1,740 sq meter plot located at Malabar Hill, Mumbai. This land will be developed in conjunction with nearby societies under a cluster development scheme, with the company anticipating a free sale component entitlement of up to 51,000 sq ft from this site. The company had previously signed a development agreement with two neighboring housing societies on M.L. Dahanukar Marg and Dr. G. Deshmukh Marg at Peddar Road, covering a total land area of 4,800 sq meters. From this project, the company forecasts a free…

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Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

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Malabar Hill Redevelopment: Ultra-Luxe Towers Transform Skyline

MUMBAI: Malabar Hill, the peak of affluence in south Mumbai, is experiencing significant changes as redevelopment projects take root in this upscale area. While long-standing residents watch in dismay as old structures are set for demolition and heavy machinery arrives, Mumbai’s top developers are clinching lucrative agreements with housing societies. The emergence of new skyscrapers has raised concerns among locals regarding Malabar Hill’s ability to handle increased construction. One developer’s brochure states, “Such opportunities are rare in Malabar Hill—South Mumbai’s most prestigious address, where new developments are nearly unheard of. We are excited to introduce a limited selection of private…