Marathon & Adani Realty Unite to Redefine Byculla’s Skyline with ₹3,400-Crore Monte South Commercial

Image Source: Business Standard

Marathon Nextgen Realty has partnered with Adani Realty to launch Monte South Commercial, a landmark ₹3,400-crore office and retail project in Byculla. Spanning 1.2 million sq. ft., the mixed-use development aims to redefine South Mumbai’s business landscape with premium Grade-A offices, retail zones, and sustainable architectural design.

In a major expansion for Mumbai’s commercial real estate sector, Marathon Nextgen Realty Limited (MNRL) announced Monte South Commercial — a 1.2 million sq. ft. mixed-use project in Byculla, developed in joint venture with Adani Realty. Valued at a Gross Development Value (GDV) of ₹3,400 crore, the project marks one of the largest commercial developments in South Mumbai.

Monte South Commercial forms part of the prestigious Monte South campus, already home to soaring residential towers that have reshaped Byculla’s skyline. The residential component includes four towers, with Tower A already receiving its Occupation Certificate, Tower B structurally complete, and Tower C rapidly progressing. Tower D is slated for future launch.

This integrated ecosystem reflects Mumbai’s growing preference for mixed-use developments that merge luxury residences, modern offices, and vibrant retail into a single destination. By fostering a "live-work-play" environment, the project seeks to promote the walk-to-work culture in the city’s urban heart.

Key Highlights

The project spans approximately 1.2 million sq. ft. of developable area, with a GDV of ₹3,400 crore.
Monte South Commercial will house Grade-A offices and premium retail zones.
Located in Byculla, it benefits from excellent connectivity to key South and Central Mumbai corridors.
Features include efficient floor plates, sustainable design, and distinctive architecture aimed at modern business needs.
Inspired by the success of Marathon Futurex at Lower Parel, it strengthens Marathon’s commercial real estate portfolio.
The development integrates with Monte South’s residential towers, creating a complete mixed-use urban ecosystem.
Construction progress remains steady, with residential towers advancing and the commercial component now underway.
Mayur Shah, Vice Chairman of Marathon Nextgen Realty, highlighted the project’s goal to set a new benchmark for South Mumbai’s business landscape.

Monte South Commercial is positioned to emerge as a signature address for businesses seeking long-term value, operational efficiency, and architectural distinction in Mumbai’s thriving commercial hub.

Sources: Marathon Nextgen Realty Ltd press release, Adani Realty announcement.

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