Upcoming Project
Oberoi Realty's Malabar Hill Project in Mumbai: What Is Planned So Far
Oberoi Realty has signed development agreements for Malabar Hill land parcels in 2026, but the project is still at the pre-launch stage. As of 23 October 2026 it has no RERA registration, no published price band and no booking window.
| Developer | Oberoi Realty Limited |
|---|---|
| Location | Malabar Hill, South Mumbai, Maharashtra |
| Status (as of 23 October 2026) | Upcoming; development agreement stage, pre-launch |
| Land, first agreement (1 April 2026) | About 1,740 sq m (roughly 0.43 acre), per the exchange filing |
| Land, second agreement (29 July 2026) | About 2,430 sq m (roughly 0.60 acre) |
| Free-sale estimate, first parcel | Up to about 51,000 sq ft RERA carpet area |
| Free-sale estimate, second parcel | Up to about 68,000 sq ft RERA carpet area |
| Gross development value estimate (30 July 2026) | ₹1,020 crore to ₹1,360 crore for the second parcel, per a brokerage projection |
| Company launch target | FY27, per an April 2026 analyst note |
Status: development agreements signed, launch still ahead
Oberoi Realty entered into a development agreement for redevelopment of about 1,740 sq m at Malabar Hill on 1 April 2026. The project is being developed under a cluster redevelopment scheme, which combines smaller plots with adjoining housing societies into one tower project. The developer says the scheme will yield a free-sale component of up to about 51,000 sq ft of RERA carpet area.
A second agreement for about 2,430 sq m was announced on 29 July 2026. The company estimates its free-sale entitlement from that land at up to about 68,000 sq ft of RERA carpet area.
On its earnings call on 19 October 2026, the developer said it had signed a development agreement with one more Malabar Hill society during July to September 2026, the same quarter as the 29 July deal. The call did not state the land size of that society.
As of 23 October 2026, the project has not been launched. No bookings or sales have been reported, and no RERA registration has been issued for this parcel.
Developer and development model
Oberoi Realty Limited was incorporated in 1998 under CIN L45200MH1998PLC114818 and has its registered office in Goregaon East, Mumbai. According to the company, it has delivered 51 projects covering 17.3 million sq ft and has more than 34 million sq ft under construction.
The Malabar Hill work is a redevelopment rather than a fresh land purchase. Under the cluster model, the developer consolidates smaller plots to build high-rise towers. Industry commentary links this approach to Malabar Hill's limited supply of new land, where most new housing comes from redevelopment of older buildings.
The company's most recent large launch, Three Sixty North in Gurugram, has 832 units across six towers in its first phase on a 14.8-acre site. The company reports gross bookings of about ₹8,109 crore for that project. Its Q2 FY27 collections from Three Sixty North were ₹835 crore.
Configurations, price and possession
The developer has not announced configurations, unit sizes or a price band for the Malabar Hill project. An industry estimate expects premium 3 and 4 BHK residences, but that is not a developer statement.
Market-level figures give some context. Malabar Hill's average asking price was ₹95,700 per sq ft in June 2026. The government registered rate in June 2026 was ₹63,500 per sq ft. A listing average from October 2026 was ₹70,900 per sq ft. Registered transactions in 2026 have averaged about ₹73,777 per sq ft. Over the past year, the micro-market has seen about 21% appreciation, and rental yield stood at 2.93% in June 2026.
An April 2026 analyst note estimated sales realisation above ₹1.37 lakh per sq ft, which is an estimate of sales value and not an asking price. The company's FY27 launch target was set out in the same period. No possession date has been announced. Without RERA registration, there is no RERA-backed possession date.
Location and connectivity
Malabar Hill sits on the hill above Chowpatty and Marine Drive in South Mumbai. Road access runs through interlinking roads including Walkeshwar Road, Lady Jehangir Road, B.G. Kher Marg, Ridge Road, Pedder Road, Altamount Road and Napean Sea Road.
- Marine Drive: about 2.5 km
- Nariman Point: about 4.5 km; around 18 minutes by car off-peak, per a May 2026 guide
- Grant Road railway station: about 1.6 km
- Churchgate railway station: about 4 km
- Grant Road Metro (Line 3): about 2.2 km. Line 3 has been fully operational since October 2025.
- Mumbai International Airport: about 20 km
- Bandra via the Coastal Road: around 22 minutes by car off-peak
Nearby landmarks include Hanging Gardens at 0.3 km, Kamala Nehru Park at 0.4 km, Banganga Tank and Walkeshwar Temple at 0.5 km, and Girgaum Chowpatty Beach at 2.8 km. Bharatiya Vidya Bhavan in Chowpatty is about 3 km away.
Infrastructure in progress
Phase 1 of the Mumbai Coastal Road, the Worli-to-Marine Drive southbound lanes, became operational in March 2024. Phase 2 is targeted for completion by March 2029, according to a report dated 7 August 2026. The coastal road includes a 2.07 km twin tunnel passing through Malabar Hill and Girgaon Chowpatty.
The planned Mumbai Coastal Road network would extend from Nariman Point to Virar through the Bandra–Versova Sea Link, the Versova–Bhayandar Coastal Road and the Uttan–Virar Sea Link. Individual completion dates for those links have not been fixed.
Nearby Malabar Hill land deals
Several recent Malabar Hill transactions offer reference points for redevelopment economics:
- Puravankara's Malabar Hill site, September 2025: 1.43 acres with development potential of 0.7 million sq ft, expected to generate revenue of about ₹2,700 crore.
- Adani Group's 1.1-acre freehold plot on Carmichael Road, Malabar Hill: acquired for ₹170 crore.
- Lodha Developers' 4.3-acre site from the Sorabji Kanga Charity Trust, February 2026: development rights acquired for ₹106 crore, with projected gross development value of nearly ₹2,800 crore.
Birla Estates has also listed a pre-launch project at Malabar Hill, Birla Anayu, with no price band published.
Frequently asked questions
Has the Oberoi Realty Malabar Hill project launched?
No. As of 23 October 2026, the project is at the upcoming stage. The company has signed development agreements for Malabar Hill land, but no bookings or sales have been reported.
How much land is involved?
The first agreement, signed on 1 April 2026, covers about 1,740 sq m (roughly 0.43 acre). A second agreement, announced on 29 July 2026, covers about 2,430 sq m (roughly 0.60 acre).
Is the project registered under RERA?
As of 23 October 2026, the parcels have no MahaRERA registration in the public record, so there is no RERA sales or possession date.
What configurations will be offered?
The developer has not announced configurations. An industry estimate points to premium 3 and 4 BHK residences, but this is not a company statement.
When is the launch expected?
An April 2026 analyst note said the company plans to launch the project in FY27, which runs to March 2027. No booking window has been announced.
How is the location connected?
Marine Drive is about 2.5 km away and Nariman Point about 4.5 km. Grant Road Metro on Line 3 is about 2.2 km away, and Mumbai International Airport is about 20 km.