Adani Realty And Marathon Nextgen Launch ₹3,400-Crore Monte South Commercial Project In Mumbai 

Mumbai’s urban core is set for a major commercial transformation with the announcement of Monte South Commercial, a ₹3,400 crore mixed-use development jointly undertaken by Adani Realty and Marathon Nextgen Realty Ltd. Located in Byculla, one of South Mumbai’s most strategically positioned neighbourhoods, the project will integrate Grade-A office spaces, retail zones, and modern amenities across a total built-up area of 1.2 million sq ft.

The upcoming commercial venture is part of the Monte South campus, an expansive redevelopment spanning residential and business zones that aims to promote a live-work-play ecosystem in the heart of the city. The residential component includes four 64-storey towers offering a combined carpet area of over 1.6 million sq ft, making it one of the most ambitious mixed-use projects in South Mumbai.

According to project officials, Tower A has received its Occupation Certificate, Tower B has completed its structural framework, and Tower C is progressing rapidly, while Tower D is set to be launched soon. The commercial wing, Monte South Commercial, will complement the residential segment by creating a walk-to-work lifestyle for residents and professionals, reducing commute times and supporting sustainable urban living.

A senior executive from Marathon Nextgen Realty described the project as a “new benchmark in South Mumbai’s business landscape,” noting its focus on long-term operational efficiency and design excellence. Adani Realty, known for developing large-scale urban assets, brings its commercial expertise to the partnership, ensuring the project aligns with the city’s evolving real estate dynamics.Industry experts believe Monte South Commercial could play a pivotal role in revitalising Byculla as a high-end commercial destination. The area, once dominated by residential redevelopment projects, is witnessing renewed interest from corporate occupiers seeking premium office spaces within the city’s traditional limits.

According to a Knight Frank India report (2024), titled South Mumbai  A Renaissance, the region is expected to add 4–6 million sq ft of new mixed-use office stock over the next decade. The report highlighted that Nariman Point’s office rents surged 52% between 2018 and mid-2024, while BKC saw a 20% increase, signalling strong demand for centrally located workspaces. By 2030, office rentals in South Mumbai are projected to rise to ₹1,091 per sq ft, underscoring the long-term value potential for developers.With its blend of sustainable design, urban accessibility, and integrated amenities, Monte South Commercial represents a shift towards mixed-use urban regeneration in Mumbai. It aligns with the city’s growing vision for compact, transit-linked neighbourhoods that balance commercial viability with livability and environmental consciousness.

Adani Realty And Marathon Nextgen Launch ₹3,400-Crore Monte South Commercial Project In Mumbai