Real Estate Mumbai

Marathon to Acquire Adani Realty's 60% Stake in Byculla for ₹335 Cr

By GeoSquare News Desk · Published 2026-11-02

Marathon Nextgen Realty has agreed to acquire Adani Realty's 60% stake in the Monte South project in Byculla, central Mumbai, for approximately ₹335 crore. The transaction marks a significant consolidation in one of Mumbai's key redevelopment corridors.

Deal Overview

The acquisition will give Marathon full ownership of the Monte South project, a premium residential development in Byculla. The project is part of the larger Monte South cluster, which has been a focus area for redevelopment due to its proximity to business districts and connectivity to the rest of Mumbai.

Project Significance

Monte South is expected to offer high-end apartments with modern amenities, catering to the growing demand for quality housing in central Mumbai. Byculla's real estate market has seen steady appreciation, supported by infrastructure upgrades and its strategic location between South and Central Mumbai.

Market Impact

This deal underscores the confidence of developers in Mumbai's residential segment. For Marathon Nextgen, the acquisition strengthens its presence in the city's redevelopment landscape. For buyers, it signals continued investment in Byculla, potentially leading to better project execution and timely delivery.