Adani Realty and Marathon Nextgen JV for ₹3,400 crore Monte South Commercial in Byculla
Adani Realty and Marathon Nextgen Announce ₹3,400 Crore Byculla Office Project
Marathon Nextgen Realty and Adani Realty have announced Monte South Commercial, a landmark office and retail development at Byculla in joint venture. The project covers approximately 1.2 million sq.ft. with an estimated gross development value (GDV) of ₹3,400 crore.
The strategic partnership marks Adani Realty's debut in Central Mumbai's office real estate market and reinforces the growing trend of collaborative development models in India's property sector. The collaboration leverages the complementary strengths of both developers—Adani's infrastructure expertise and Marathon's deep understanding of Mumbai's property market.
Part of Larger Mixed-Use Ecosystem
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.
The project will feature Grade-A offices, premium retail zones, and world-class amenities designed for modern businesses, creating a complete live-work ecosystem. The development will offer efficient floor plates, distinctive architecture, and sustainable design, redefining business spaces in South Mumbai.
Byculla's Strategic Position in South Mumbai
The Byculla location offers strategic advantages, including proximity to major transport networks and access to South Mumbai's established business ecosystem. The area is served by Byculla Railway Station on the Central Line, with Mumbai Central and Mahalaxmi Railway Stations nearby. The area is well-served by BEST buses from the Central Bus Station, ensuring seamless travel across Mumbai.
Byculla Railway Station, a major hub on the Harbour Line, provides direct access to CSMT, Thane, and Panvel. The proposed Metro Line 3 (Colaba-Bandra-SEEPZ) will further enhance connectivity, with a station planned in the vicinity.
Expanding South Mumbai's Commercial Presence
The project follows the success of Marathon Futurex in Lower Parel and aims to elevate South Mumbai's commercial real estate profile. According to property consultancy Knight Frank's 2024 report, South Mumbai is projected to add 4–6 million sq ft of mixed-use office space over the next 6–8 years.
The Adani-Marathon commercial project could emerge as a flagship destination for corporate occupiers and retail brands, potentially setting new benchmarks for commercial developments in Central Mumbai. Market observers noted Byculla's strategic positioning within South Mumbai and its improving connectivity infrastructure. The area has witnessed renewed developer interest in recent years as businesses seek alternatives to increasingly crowded traditional business districts.