New Delhi, March 18 JSW Realty, the real estate arm of the JSW Group, has partnered with the Patel family to develop a luxury housing project in Mumbai, with an estimated revenue of over 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 area".
Malabar Court has been the home of the Patel family for over seven decades. A nearly one-acre plot is located adjacent to the Malabar Hill Club.
The company plans to develop a boutique luxury residential tower on this land, and the development is expected to generate a top-line revenue of over Rs 2,000 crore, JSW Realty said.