Marathon Nextgen unveils ₹3,400 crore Mumbai commercial project with Adani Realty

Marathon Nextgen Realty Limited (MNRL) announced on October 20, 2025, a joint venture with Adani Realty for the Monte South Commercial project in Byculla, Mumbai. This landmark office and retail development is estimated to have a Gross Development Value (GDV) of ₹3,400 crore and an approximate area of 1.2 million sq.ft., marking a substantial addition to Marathon's commercial portfolio in South Mumbai.

The Monte South Commercial project is part of a larger mixed-use Monte South campus, which includes four residential towers. This development aims to create a live-work ecosystem in Mumbai’s urban core, featuring Grade-A offices, premium retail zones, and world-class amenities designed for modern businesses. The project will offer efficient floor plates, distinctive architecture, and sustainable design, building on Marathon's expertise demonstrated with Marathon Futurex at Lower Parel.

mayur shah, vice chairman, Marathon Nextgen Realty Ltd., stated that Monte South Commercial is set to establish a new benchmark for South Mumbai's business landscape by combining design excellence, efficiency, and long-term value.