October 22, 2025: Adani Realty and Mumbai-based Marathon Nextgen Realty Limited have announced a partnership to develop a premium commercial and retail project in Byculla, South Mumbai, with a gross development value (GDV) of Rs 3,400 crore, according to a regulatory filing by Marathon Nextgen Realty Limited to the stock exchange.
Adani Realty, the real estate arm of the Adani Group, has so far developed nearly 31 million sq. ft., with another 108 million sq. ft. under development across Ahmedabad, Mumbai, Pune, and Gurugram. The Byculla project, titled Monte South Commercial, will be developed jointly by Marathon Nextgen Realty and Adani Realty, spanning about 1.2 million sq. ft., the company said.
“Monte South Commercial will set a new benchmark for South Mumbai’s business landscape, combining design excellence, efficiency, and long-term value,” said Mayur Shah, Vice Chairman, Marathon Nextgen Realty Ltd.
Located in the heart of Byculla, Monte South Commercial will feature Grade-A office spaces, premium retail zones, and state-of-the-art amenities catering to modern businesses. The project is designed as a mixed-use development, creating a holistic live-work ecosystem that promotes a “walk-to-work” culture in Mumbai’s dense urban fabric.
The development forms part of the larger Monte South campus, which includes four residential towers exceeding 64 storeys, with a total saleable carpet area of over 1.6 million sq. ft. Tower A has received its Occupation Certificate, Tower B has topped out, Tower C has reached the 12th slab, and Tower D is yet to be launched.
According to the statement, the project follows the success of Marathon Futurex in Lower Parel and is expected to redefine South Mumbai’s commercial landscape with design-led, future-ready spaces.
Source: The Statesman
