Launch of Monte South Commercial: A Strategic Joint Venture and Significant Portfolio Expansion

Marathon Nextgen Realty Ltd (MNRL) has announced the launch of "Monte South Commercial," a premium office and retail development in Byculla, Mumbai, in a joint venture with Adani Realty. This initiative is a pivotal expansion of Marathon's commercial footprint in South Mumbai. The project encompasses approximately 1.2 million square feet and is estimated to have a Gross Development Value (GDV) of ₹3,400 crore. Located strategically within the larger Monte South campus, which features four high-rise residential towers (over 64 storeys), this mixed-use development aims to establish an integrated "live-work" ecosystem, promoting a walk-to-work culture in a prime urban core. Monte South Commercial will offer Grade-A office spaces and premium retail zones, distinguished by efficient floor plates, world-class amenities, and sustainable design, positioning it to redefine business standards in the region. The announcement was well-received by the market, with shares of Marathon Nextgen Realty Ltd closing at ₹658.00 on the BSE on October 20, 2025, reflecting a gain of ₹43.60, or 7.10%. This project underscores MNRL's focus on design excellence, efficiency, and long-term value creation in the South Mumbai business landscape.