Marathon Nextgen Realty Limited has announced the development of Monte South Commercial, a joint venture project with Adani Realty in Byculla. Aimed at strengthening Marathon’s commercial portfolio in South Mumbai, the project has an estimated gross development value (GDV) of Rs 3,400 crore and an estimated area of 1.2 million square feet.
Monte South Commercial is part of the Monte South Campus, which comprises four residential towers rising above 64 storeys and a total residential sales carpet area of over 1.6 million square feet. Tower A is ready with Occupation Certificate (OC), Tower B has topped RCC, Tower C has reached 12th slab and Tower D is yet to be launched.
This mixed-use development is designed to create a live-work ecosystem to promote a walk-to-work culture in Mumbai. Located in Byculla, Monte South Commercial will have grade-A offices, premium retail zones and amenities for modern businesses, offering efficient floor plates, distinctive architecture and sustainable design.
Building on the success of Marathon Futurex in Lower Parel, Monte South Commercial reaffirms Marathon’s expertise in creating sustainable commercial spaces.
Mr. Mayur Shah, Vice Chairman, Marathon Nextgen Realty Limited, said that Monte South will set a new benchmark for the business landscape of South Mumbai by combining commercial design excellence, efficiency and long-term value.
Certain statements in this communication may be forward-looking and actual results may differ materially due to factors including changes in industry structure, political and economic environment, tax laws, duties, litigation and labor relations.