Adani, Marathon Launch Rs.3,400 Cr Monte South Project in Byculla

Adani Realty and Marathon Nextgen Realty have partnered to launch a landmark mixed-use development in Byculla, Mumbai, called Monte South Commercial, with a projected Gross Development Value (GDV) of Rs. 3,400 crore.

The project spans 1.2 million square feet and will feature Grade-A office spaces, premium retail outlets, and modern amenities tailored for evolving business needs.

This joint venture builds on the success of the Monte South residential campus, which includes four high-rise towers (64+ storeys) with a total saleable carpet area of 1.6 million sq ft.

Key Highlights

• Adani & Marathon launch Rs. 3,400 Cr Monte South Commercial in Byculla
• 1.2 million sq ft of Grade-A offices and retail within integrated campus
• South Mumbai office rents projected to double by 2030: Knight Frank

Tower A is already completed with an Occupation Certificate (OC), while other towers are at various stages of construction. Monte South Commercial is envisioned as a live-work-play ecosystem, enabling a walk-to-work lifestyle in the heart of South Mumbai. Located strategically in Byculla, the project is well-positioned to capitalize on growing demand for premium office space.

According to Knight Frank’s 2024 ‘South Mumbai - A Renaissance’ report, office rentals in Nariman Point have surged by 52 percent, with further growth projected to Rs. 1,091 per sq ft by 2030. South Mumbai is expected to add 4–6 million sq ft of mixed-use space in the coming years, making this a timely move.

“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.

Also Read: Adani Group Develops Land for Free Sale in Dharavi to Rehabilitate 72K Tenants

With this JV, Adani and Marathon are tapping into one of Mumbai's most promising commercial corridors.