JSW Realty, the real estate arm of JSW Group, has tied up with the Patel family to develop a luxury housing project in Mumbai with an estimated revenue of more than Rs 2,000 crore.
In a statement on Wednesday, the company said it has 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. A nearly one-acre plot is located adjacent to the Malabar Hill Club.
The company is planning to develop a boutique luxury residential tower on this land, and the development is expected to generate a topline of over Rs 2,000 crore, JSW Realty said.
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