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Adani Realty has entered into a joint venture with Marathon Nextgen Realty Limited to develop a large-scale real estate project in South Mumbai valued at around Rs. 3,400 crore. The partnership marks another major investment in the city’s rapidly evolving commercial real estate landscape.
The project, named Monte South Commercial, will span about 1.2 million square feet and form part of the Monte South campus, a mixed-use development already known for its soaring residential towers. The larger campus includes four residential buildings rising over 64 storeys, with a combined residential sale carpet area exceeding 1.6 million square feet.
Monte South Commercial is designed as a premium office and retail destination, featuring a blend of office spaces, shopping zones, and lifestyle amenities aimed at redefining the business experience in South Mumbai. The development aims to cater to both established corporations and emerging enterprises seeking high-quality, centrally located office spaces.
Announcing the collaboration, Mayur Shah, Vice Chairman of Marathon Nextgen Realty Ltd., said the project would “set a new benchmark for South Mumbai’s business landscape — combining design excellence, efficiency, and long-term value.” He added that the partnership with Adani Realty brings together two strong players with a shared vision for sustainable and well-designed urban spaces.
Adani Realty, the real estate arm of the Adani Group, has built a strong national presence over the past decade. According to the company’s website, it has developed nearly 31 million square feet of real estate projects so far and has around 108 million square feet currently under development. Its portfolio includes a mix of residential, commercial, and social infrastructure projects across key cities like Ahmedabad, Mumbai, Pune, and Gurugram.
The partnership with Marathon Nextgen Realty underscores Adani Realty’s growing focus on Mumbai’s premium real estate segment, particularly in mixed-use developments that combine residential comfort with commercial vibrancy. For Marathon Nextgen, the tie-up adds another milestone to its long-standing presence in the city’s property market.
Both developers have expressed confidence that Monte South Commercial will strengthen South Mumbai’s position as a dynamic business district, bringing new opportunities for investors, retailers, and professionals alike. Construction timelines and additional project details are expected to be announced in the coming months.
In a market increasingly driven by demand for integrated and flexible spaces, the Adani-Marathon joint venture signals continued optimism about Mumbai’s commercial real estate potential — a sector that remains one of the strongest pillars of India’s urban growth story.
