Runwal Malabar Receives MahaRERA Registration (PR1170002502441) for Malabar Hill Ultra-Luxury Project
Runwal Malabar Receives MahaRERA Registration
Runwal Realty's ultra-luxury Runwal Malabar project at Malabar Hill, Mumbai has received MahaRERA registration under number PR1170002502441. The project comprises 11 exclusive sky mansions, marking a controlled, low-density entry into one of Mumbai's most constrained luxury markets.
Project Configuration and Pricing
The project offers 3BHK simplex and 5BHK duplex residences with pricing starting at ₹33.00 crore. Carpet areas range from 2,400 to 4,900 sq.ft., positioning the development firmly in the ultra-luxury segment where supply has tightened considerably since late 2024.
Set on approximately 0.5 acres of prime land, this low-density development features only 11 exclusive residences, with one apartment per floor, ensuring complete privacy and an exclusive lifestyle for residents.
Location and Neighborhood Context
Located beside the Governor's Estate, the project is designed for those who seek exclusivity, privacy, and a refined lifestyle within South Mumbai's most iconic residential belt. The development offers seamless connectivity to Marine Drive, Walkeshwar, Pedder Road, Nariman Point, and key business districts.
Malabar Hill itself remains a tightly held enclave. As of the September 2025 quarter, Malabar Hill has about ten marketable projects launched by leading developers such as Lodha Group, Birla Estates, and JSW Realty, collectively offering around 176 luxury apartments with nearly 30 still available for sale, with carpet prices ranging between ₹85,000 and ₹1,80,000 per sq ft.
Runwal Realty's Track Record
Runwal Realty, the brand of Runwal Developers Ltd., has been developing residential, commercial and retail real estate across Mumbai, Mumbai Metropolitan Region and Pune since 1978, and is one of India's leading luxury and lifestyle real estate developers with over 35 delivered projects across key locations in the MMR and Pune regions.
The Runwal company was established in 1978 and is one of the top real estate developers based in Mumbai. With 20,000+ happy families and 51 real estate projects delivered, Runwal Developer operates in the residential, commercial and organised retail real estate space.
Key residential projects include Runwal Malabar, Runwal Residence, Runwal Reserve and Runwal Raaya in South Mumbai, Runwal Auris and Runwal Elegante in the Western suburbs, Runwal One in Thane, and Runwal The Central Park in Pune.
Market Dynamics in South Mumbai's Ultra-Luxury Sector
New luxury offerings in the Malabar Hill area include spacious 4BHK and 5BHK apartments, duplexes, and penthouses, with prices ranging from ₹2.4 crore to an ultra-luxury ₹385 crore for select high-end properties. In a city constrained by geography and extreme scarcity of developable land in legacy precincts like Malabar Hill, supply remains limited and demand from UHNI buyers consistently outstrips availability, with recent market dynamics reflecting a resurgence of ultra-luxury developments in the area and per-square-foot values continuing to strengthen due to enduring prestige and systemic supply constraints.
The possession date as per RERA number (PR1170002502441) is June 2032.