Adani Realty and Mumbai-based listed developer Marathon Nextgen Realty Ltd have entered into a joint venture to develop a commercial and retail project — Monte South Commercial — in Byculla, Mumbai, with an estimated gross development value (GDV) of ₹3,400 crore. Spanning 1.2 million sq ft, the mixed-use project marks a major expansion of the Monte South township, integrating Grade-A offices and premium retail spaces within South Mumbai’s urban core.

“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 an 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,” Marathon Nextgen Realty Ltd said in a regulatory filing.

According to the company, the mixed-use development creates a complete live-work ecosystem, where residents can live, work, and unwind within a single integrated community, promoting a walk-to-work culture in Mumbai’s urban core.

The company stated that the project is situated in the heart of Byculla, and Monte South Commercial will feature Grade-A offices, premium retail zones, and amenities designed for modern businesses.

“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.

According to the company statement, the project is being developed following the success of Marathon Futurex at Lower Parel.