Marathon Nextgen Realty and Adani Realty Collaborate on ₹3,400 Crore Commercial Project in Mumbai
Marathon Nextgen Realty Limited (MNRL) has partnered with Adani Realty to develop Monte South Commercial, a significant office and retail project in Byculla, Mumbai. The project, part of a larger mixed-use development, will cover approximately 1.2 million sq.ft. with an estimated gross development value of ₹3,400 crore. It aims to create a comprehensive live-work ecosystem, featuring Grade-A offices and premium retail zones. The commercial project complements the existing Monte South residential development, which includes four towers in various stages of completion. This joint venture is expected to strengthen Marathon's commercial portfolio in South Mumbai and set new benchmarks for the area's business landscape.
The Monte South Commercial project is part of a larger mixed-use development that aims to create a comprehensive live-work ecosystem in Mumbai's urban core. Here are the key details of the project:
- Total Area : Approximately 1.2 million sq.ft. - Estimated Gross Development Value : ₹3,400 crore - Location : Byculla, Mumbai - Project Type : Grade-A offices and premium retail zones
The commercial project is part of the larger Monte South campus, which includes residential development:
- Total Residential Area : Over 1.6 million sq.ft. (carpet area) - Number of Residential Towers : 4 - Tower A : Received Occupation Certificate - Tower B : Topped out in RCC - Tower C : Reached 12th slab - Tower D : Yet to be launched
Monte South Commercial is designed to offer a unique proposition in Mumbai's real estate market:
1. Integrated Community : The project promotes a walk-to-work culture by combining residential and commercial spaces in a single location. 2. Prime Location : Situated in the heart of Byculla, it offers strategic positioning for businesses. 3. Modern Amenities : The development will feature world-class amenities tailored for modern businesses. 4. Sustainable Design : Following the success of Marathon Futurex in Lower Parel, this project emphasizes sustainable and high-performance commercial spaces.
Mr. Mayur Shah, Vice Chairman of Marathon Nextgen Realty Ltd., expressed confidence in the project, stating, 'Monte South Commercial will set a new benchmark for South Mumbai's business landscape — combining design excellence, efficiency, and long-term value.'
This joint venture between Marathon Nextgen Realty and Adani Realty represents a significant development in Mumbai's commercial real estate sector. As the project progresses, it has the potential to reshape the business landscape in South Mumbai, offering modern, sustainable, and integrated work spaces in a prime location.
Disclaimer: This article contains forward-looking statements based on current expectations and projections about future events. Actual results may differ materially from those expressed or implied in such statements.
