Marathon Nextgen Realty Announces One of the Largest Commercial Projects in Mumbai in JV with Adani Realty

Marathon Nextgen Realty Announces One of the Largest Commercial Projects in Mumbai in JV with Adani Realty; ₹3,400 Crore GDV Development

Marathon Nextgen Realty Limited (“MNRL”) has announced Monte South Commercial, a landmark office and retail development at Byculla in joint venture with Adani Realty. With an approximate area of 1.2 million sq.ft. being built and an estimated Gross Development Value (GDV) of ₹3,400 crore, the project marks a significant milestone in strengthening Marathon’s commercial portfolio in South Mumbai.

Monte South Commercial forms part of the larger Monte South campus, which comprises four residential towers rising over 64 storeys with a total residential sale carpet area of over 1.6 million sq.ft. Tower A is ready with Occupation Certificate (OC), Tower B has topped out in RCC, and Tower C has reached the 12th slab, progressing at a rapid pace, while Tower D is yet to be launched.

This one-of-a-kind mixed-use development creates a complete live-work ecosystem, where residents can live, work, and unwind within a single integrated community — promoting the walk-to-work culture in Mumbai’s urban core.

Strategically located in the heart of Byculla, Monte South Commercial will feature Grade-A offices, premium retail zones, and world-class amenities designed for modern businesses. The project is set to offer efficient floor plates, distinctive architecture, and sustainable design, redefining business spaces in South Mumbai.

Building on the success of Marathon Futurex at Lower Parel, Monte South Commercial reaffirms Marathon’s expertise in creating high-performance, sustainable commercial spaces

Speaking on the announcement, Mr. Mayur Shah, Vice Chairman, Marathon Nextgen Realty Ltd.

DISCLAIMER:

Some of the statements in this communication may be ‘forward-looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the company’s operations include changes in the industry structure, significant changes in the political and economic environment in India and overseas, tax laws, duties, litigation, and labour relations