Not only many business tycoons and film celebrities, this area also addresses the official residences of the Governor and the Chief Minister of Maharashtra. Real Estate value here is amongst the priciest in the world. Possibly, unobstructed sight of Back Bay along with Chowpatti beach in the forefront and Nariman Point skyline in the backdrop make the grounds for the soaring prices in this area. Jain Temple and Parsi Tower of Silence are two other religious structures in the region.

In the early days of city's growth, Mumbai was inundated by pirates from the Malabar Coast (Kerala), apart from others. With the intention of defending the city, a sentinel was built on the hill that offered the best view of the sea approaches at that time. And consequently, the hill came to be known as Malabar Hill. Amidst such great tourist attractions and hard sell popularity, Malabar Hill is certainly a place to be visited in Mumbai.