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Marathon Nextgen Realty, Adani Realty launch ₹3,400 crore Monte South commercial project in MumbaiThe project spans approximately 1.2 million square feet and carries an estimated Gross Development Value (GDV) of ₹3,400 crore, marking a significant addition to Marathon’s commercial portfolio in South Mumbai Shares of Marathon Nextgen Realty Ltd ended at ₹658.00, up by ₹43.60, or 7.10%, on the BSE.By Jomy Jos Pullokaran   October 20, 2025, 7:40:13 PM IST (Updated)2 Min ReadChoose  CNBC TV18 on Google

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Marathon Nextgen Realty Ltd (MNRL) on Monday (October 20) announced the launch of Monte South Commercial, a landmark office and retail development in Byculla, Mumbai, in a joint venture with Adani Realty.

The project spans approximately 1.2 million square feet and carries an estimated Gross Development Value (GDV) of ₹3,400 crore, marking a significant addition to Marathon’s commercial portfolio in South Mumbai.

Monte South Commercial is part of the larger Monte South campus, which includes four residential towers rising over 64 storeys with a total residential sale carpet area exceeding 1.6 million square feet. Tower A is ready with an Occupation Certificate (OC), Tower B has topped out in RCC, Tower C has reached the 12th slab, while Tower D is yet to be launched.

Also Read: Marathon Nextgen looks to raise ₹900 crore via QIP to repay debt, acquire land

The mixed-use development aims to create a complete live-work ecosystem, allowing residents to live, work, and unwind within a single integrated community, promoting a 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.

"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 Ltd.

Also Read: Marathon Nextgen eyes 20% sales growth in FY26, plans major debt reduction

Shares of Marathon Nextgen Realty Ltd ended at ₹658.00, up by ₹43.60, or 7.10%, on the BSE.Continue ReadingFirst Published: Oct 20, 2025 7:35 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today