Best treatment options for malar festoons? (photos)

Dear Anmtal,
It appears from your photos that might have a congenital form of eyelid festoons/ malar mounds.
These are swollens mounds that form in the lower eyelid and cheek region and are usually related to past sun damage. They usually occur in those with light skin types. In certain families though these can form earlier. 
The are difficult to treat but I've had success using lasers to improve this condition.
I'll include some links below.
I hope this was helpful. 

Under eye bags or festoons can be permanently corrected with surgery or temporarily camouflaged with fillers (Restylane, Belotero, Volbella).There are great non-surgical options to fill in under eye depressions and hollowness. Using dermal fillers, a liquid eye-lift can be performed. A dermal filler such as Restylane would be placed in the cheek and tear trough to hide the depression or bag underneath your eye.
Surgery would require a fat-repositioning lower lid blepharoplasty. In this surgical procedure, fat from the eye area is moved into the tear trough depression filling the actual depression. 
I hope this helps!