We Build What's Next.

Ground-up neighborhood retail in the fastest-growing communities in Texas

Most investors buy what already exists. The value is visible. The tenants are in place. The income is flowing.

We invest differently. We identify the communities where population growth is already happening — where rooftops are ahead of retail — and we build the daily-needs shopping centers those communities require.

By the time the doors open, demand is already there. That’s not speculation. That’s strategy.

What We Build

Daily-needs retail: grocery-anchored, medical, restaurant, service-based tenants

Ground-up development: we build from site selection through certificate of occupancy

Texas Triangle markets: Houston, Dallas, Austin, San Antonio metro areas and surrounding growth corridors

Track Record

Active Projects
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Active Projects
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Retail Under Development
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Commercial Land Development
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Active projects

Why Now

The Principals

Mounang Desai

MD MBA — Co-Founder

Mounang Desai is a physician, entrepreneur, and real estate developer with experience across clinical leadership, capital markets, and strategic development.

Parvez Merchant (Chris)

Co-Founder

Parvez “Chris” Merchant is a Houston-based real estate developer with over three decades of experience across shopping centers, hospitality, and self-storage.

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ABOUT MALABAR HILL CAPITAL

Malabar Hill Capital specializes in ground-up shopping center developments within or around high-growth master-planned communities, delivering superior risk-adjusted returns through strategic site selection, conservative underwriting, and a proven merchant builder approach.

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