About Oberoi Malabar Hill
Malabar Hill has long stood apart as Mumbai's most exclusive residential enclave, and Oberoi Realty's newest venture here adds another chapter to that legacy. Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area.
Unlike a standalone plot redevelopment, this is being planned as a cluster scheme, where several neighbouring properties are brought together for a more cohesive design outcome. Oberoi Realty has entered into a development agreement for the redevelopment of a land parcel measuring around 1,740 sq metres in Malabar Hill, Mumbai, undertaken along with neighbouring housing societies under a cluster development approach, which allows multiple adjoining plots to be redeveloped together for better planning and higher development potential. This approach typically translates into wider internal roads, better-planned open spaces, and a more efficient built form than what piecemeal redevelopment of individual buildings can achieve.
On the commercial side, the company expects to generate up to 51,000 sq ft of free-sale component on a RERA carpet area basis from this project, subject to approvals and applicable regulations under the Development Control and Promotion Regulations (DCPR) 2034. While the company has not disclosed the financial value of the deal or a project timeline, the location itself is considered one of the most premium residential pockets in Mumbai with consistently high property values.
The Malabar Hill agreement follows closely on the heels of another major South Mumbai move by the developer. This development comes shortly after the company secured another redevelopment project in South Mumbai at Peddar Road, involving two housing societies spread across a combined land area of about 4,800 sq metres and expected to generate around 1.40 lakh sq ft of free-sale component, making the Peddar Road development larger in scale with higher saleable potential compared to Malabar Hill. Both projects highlight Oberoi Realty's continued focus on redevelopment opportunities in South Mumbai, where new land parcels are scarce and most supply is created through redevelopment of old buildings.
