Marathon Nextgen Realty, Adani Realty Launch ₹3,400 Crore Commercial Project in Byculla

Marathon Nextgen Realty, Adani Realty Launch ₹3,400 Crore Commercial Project in Byculla Mumbai, October 20, 2025: Marathon Nextgen Realty Limited (MNRL) has announced the launch of Monte South Commercial, a major office and retail development in Byculla, Mumbai, in joint venture with Adani Realty. The project spans 1.2 million sq. ft. of built-up area and carries an estimated Gross Development Value (GDV) of ₹3,400 crore, making it one of the largest upcoming commercial developments in South Mumbai. Monte South Commercial is part of the larger Monte South campus, which already houses four residential towers rising over 64 storeys with a total residential sale carpet area exceeding 1.6 million sq. ft. While Tower A has received its Occupation Certificate (OC), Tower B has topped out, Tower C has reached the 12th slab, and Tower D is yet to be launched. The mixed-use project aims to create an integrated live-work ecosystem, promoting Mumbai’s evolving walk-to-work culture. It will feature Grade-A offices, premium retail zones, and modern amenities designed for sustainability and efficiency. Building on the success of Marathon Futurex in Lower Parel, the company expects this project to further strengthen its footprint in the commercial real estate segment. “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. Disclaimer: This article is for informational purposes only and not investment advice. Follow me for more financial updates and market insights.