Marathon Group and Adani Realty JV launch Monte South
Announce second tower; project to come up in a 12-acre residential compound.
Marathon Group and Adani Realty launched the 2nd tower of their premium residential project at Byculla - Monte South. Approximately Rs 2,000 crore joint venture between the two real estate brands, Monte South has introduced luxury 2 and 3 BHK residences starting at Rs 2.99 crore. The launch comes at a time when real estate market sentiments are beginning to look up – especially with the recent GST reduction on tax.
Monte South is being developed across 12 acres of mill land of the erstwhile Khatau Mills, and that happens to be one of the last remaining large land parcels in South Mumbai. The project offers a mix of 2, 2.5, 3 & 3.5 BHK apartments, with the larger configuration apartments being in the 1st tower.
With a large plot available for development, some of the amenities proposed are exceptionally luxurious. Perched on an 8th storey podium are amenities such as a beach with an artificial water body, an amazon-themed landscape designed by international landscaping firm LSG, and a multi-sports court. There’s also more than 45,000 sq-ft of open space within the project premises, a rare luxury in a space starved city like Mumbai.
“Byculla is at the epicenter of a radical transformation, much like what Lower Parel went through in the last decade, with large mill lands giving way to skyscrapers. We’re happy to be at the forefront of this transformation” said Ajay Munot, CEO of Adani Realty. Monte South caters to about Rs 2,500 cr worth of inventory in the premium segment of the South Mumbai real estate market.
Monte South is designed by Hafeez Contractor. The landscaping for the project is handled by globally-recognized LSG Inc.
“Luxury has always been a hallmark of South Mumbai in ways that are truly iconic. With this project, we are not only delivering a plush residential property, but also are creating a landmark structure that will give a new identity to South Mumbai,” said Mayur Shah, MD, Marathon Group.