Marathon Nextgen Realty announces one of the Largest Commercial Projects in Mumbai in JV with Adani Realty

Marathon Nextgen Realty Limited ("MNRL") has announced Monte South Commercial, a landmark office and retail development at Byculla in joint venture with Adani Realty. With an approximate area of 1.2 million sq.ft. being built and an estimated Gross Development Value (GDV) of ₹3,400 crore, the project marks a significant milestone in strengthening Marathon's commercial portfolio in South Mumbai.

Monte South Commercial forms part of the larger Monte South campus, which comprises four residential towers rising over 64 storeys with a total residential sale carpet area of over 1.6 million sq.ft. Tower A is ready with Occupation Certificate (OC), Tower B has topped out in RCC, and Tower C has reached the 12th slab, progressing at a rapid pace, while Tower D is yet to be launched.

This one-of-a-kind mixed-use development creates a complete live-work ecosystem, where residents can live, work, and unwind within a single integrated community - promoting the walk-to-work culture in Mumbai's urban core.

Strategically located in the heart of Byculla, Monte South Commercial will feature Grade-A offices, premium retail zones, and world-class amenities designed for modern businesses. The project is set to offer efficient floor plates, distinctive architecture, and sustainable design, redefining business spaces in South Mumbai.

Building on the success of Marathon Futurex at Lower Parel, Monte South Commercial reaffirms Marathon's expertise in creating high-performance, sustainable commercial spaces.

"Monte South Commercial will set a new benchmark for South Mumbai's business landscape - combining design excellence, efficiency, and long-term value," said Mr. Mayur Shah, Vice Chairman, Marathon Nextgen Realty Ltd.

Shares of Marathon Nextgen Realty Limited was last trading in BSE at Rs. 661.00 as compared to the previous close of Rs. 615.25. The total number of shares traded during the day was 21637 in over 1205 trades.

The stock hit an intraday high of Rs. 669.05 and intraday low of 626.00. The net turnover during the day was Rs. 14019379.00.

Source : Equity Bulls

Keywords

MarathonNextgenRealty INE182D01020 RealEstate MonteSouthCommercial Office Retail Byculla JV AdaniRealty