Adani Realty and Marathon Nextgen Realty Ltd. have announced a landmark commercial and retail development — Monte South Commercial, a ₹3,400 crore mixed-use project in Byculla, South Mumbai. Spread across 1.2 million sq. ft., the project is set to redefine South Mumbai’s business and retail landscape with its blend of Grade-A offices, premium retail spaces, and modern urban amenities.
Part of the Monte South Mega Development
Monte South Commercial forms a key component of the larger Monte South township, a luxury residential and commercial campus jointly developed by the two real estate giants.
The residential segment includes four high-rise towers exceeding 64 storeys, with a total carpet area of 1.6 million sq. ft.:
- Tower A has already received its Occupation Certificate (OC).
- Tower B has topped out in RCC.
- Tower C has reached its 12th slab, and
- Tower D is set for launch soon.
This integrated approach highlights the developers’ commitment to creating a self-sustained “live-work-play” ecosystem in South Mumbai’s urban core.
A New Benchmark in Mumbai’s Commercial Real Estate
Designed for modern businesses and retail brands, Monte South Commercial will feature Grade-A office spaces, high-street retail zones, and cutting-edge amenities. The project aims to foster a walk-to-work lifestyle, promoting efficiency, sustainability, and urban convenience.
According to Mayur Shah, Vice Chairman of Marathon Nextgen Realty Ltd.,
“Monte South Commercial will set a new benchmark for South Mumbai’s business landscape, combining design excellence, operational efficiency, and long-term value creation.”
The project builds on Marathon’s earlier success with Marathon Futurex in Lower Parel, one of Mumbai’s premier commercial landmarks.
Why Monte South Commercial Stands Out
- Strategic Location: Byculla’s central location connects key business hubs like Nariman Point, Lower Parel, and BKC.
- Mixed-Use Integration: Seamless combination of residential, commercial, and retail spaces in one mega campus.
- Sustainability & Design: Built with energy-efficient systems and flexible workspace design.
- High ROI Potential: Growing office and retail demand in South Mumbai positions it as a lucrative investment opportunity.
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South Mumbai’s Commercial Market on the Rise
According to Knight Frank’s 2024 report “South Mumbai – A Renaissance,” the region is witnessing a strong resurgence in commercial real estate activity. The report notes:
- South Mumbai will add 4–6 million sq. ft. of mixed-use office space over the next 6–8 years.
- Nariman Point rentals have surged 52%, reaching ₹569 per sq. ft. between 2018 and H1 2024.
- BKC rents grew by 20% during the same period.
- By 2030, South Mumbai office rentals are projected to cross ₹1,091 per sq. ft., highlighting the region’s renewed demand for premium commercial properties.
Impact on Mumbai’s Commercial Real Estate Growth
Projects like Monte South Commercial signify a shift toward high-value, mixed-use developments that blend luxury living with business convenience. By bringing Grade-A office infrastructure closer to residential and retail zones, they encourage sustainable urban growth and reduce commute times.
This development trend will likely:
- Boost commercial leasing demand in central Mumbai.
- Enhance investor confidence in mixed-use assets.
- Attract multinational occupiers seeking prime locations with premium amenities.
- Increase retail footfall, supporting surrounding businesses and hospitality segments.
Conclusion
Monte South Commercial is more than just another office complex — it’s a vision for the future of work and urban living in Mumbai. By merging world-class commercial infrastructure with luxury residences and retail experiences, Adani Realty and Marathon Nextgen are reshaping South Mumbai’s skyline.
With a strategic location, sustainable design, and growing demand for premium office spaces, Monte South Commercial is set to become one of Mumbai’s most iconic mixed-use destinations in the coming years.
