Retail Spaces to Buy or Lease in Malabar Hill

Looking to open any restaurant, spa, gym, shops, boutiques, etc. in Malabar Hill?

The Malabar Hill district is the highest point in South Mumbai (situated at a height of 50 meters/160 ft) at the northern end of Back Bay offering a spectacular view of Nariman Point and the “Queens Necklace” (lights along Marine Drive). It is part of the Golden Triangle which entails Malabar Hill, Peddar Road and Nepean Sea Road.

Mountstuart Elphinstone built the first bungalow in Malabar Hill while he was Governor of Bombay, between 1819 and 1827. It soon became a posh locality, as it is today.

Mumbai’s top tourist destinations are located here: Walkeshwar temple constructed by the Silhara Kings and rebuilt in 1715 and Hanging Gardens, Jain Temple, Banganga Tank and Kamala Nehru Park.

Malabar Hill is notably the most exclusive residential area in Mumbai. Houses are among the most expensive in the world: Rs. 60,000+, or US$ 1200+ per square foot.

Malabar Hill is the home to several business tycoons and film personalities, and the official residence of “Raj Bhavan”, the Governor; ‘Varsha’, the Chief Minister of Maharashtra; “Sahaydri”, the Government Guest House; “Glenogle”, General Manager of Central Railway (Great Indian Peninsula Railway) and VIP state officials.

In September 2013, Malabar Hill had one of the most expensive residential real estate deals of the country. An apartment sold for 57 crores INR at a rate of 1.35 lacs/per square foot.

In January 2012, Maheshwari House was (partly) sold to industrialist Sajjan Jindal of Jindal Steel for 400 crores or > Rs. 92,000 per square foot. This makes it the most expensive house ever sold in India and perhaps in the world.

The most expensive private residence lies just outside Malabar Hill: Antilla, the 27-storey, billion-dollar tower in Mumbai, owned by India’s richest and the world’s ninth richest person Mukesh Ambani, Chairman of Reliance Industries.

RETAIL

With one of the wealthiest populations in Mumbai, Malabar Hill’s retail is thriving. Exclusive brand names and designers are everywhere which include

Vandana Fabrics, Neelkamal, Lavanya Sarees, AA Living, Malabar Gold and Diamonds and jewelry showrooms such as Flirt,

Ensemble, You-Boutique, Zoya – The Exquisite, Paraphernalia and Kimaya.

Spas and hair salons include Zazen Spa, Sukho Thai Mumbai Spa, Lakme Salon and Jawed Habib Hair and Beauty.

Restaurants include The Sun, Wow and Bake Grill, Dakshinaya South Indian Restaurant, The Cantonese Kitchen, Theobroma, Nini’s Delight, 221B Baker Street and Santosh Sagar.

Breach Candy, an upmarket neighborhood on the north side of Malabar Hill, has numerous high end boutiques and shopping centers and one of Mumbai’s best bookshops in Crossword at Kemps Corner.

Medical: St Elizabeth Hospital. Pattani Obticians, Noble Clinic (open 24 hours).

Schools include Gopi Birla Memorial School, D.Y Patil Pranjali International School, NRP Sheth Multipurpose High School, DSB International School and Sunflower Nursery School.

If you are looking for Office, Shops, Showrooms, Restaurants for Rent or Sale in Malabar Hill kindly visit Jagaha.com. Happy to help with any Mumbai Commercial real estate inquires – contact us at info@jagaha.com or call us on 9029000670.

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