Overview
- The developers announced a joint venture to deliver Monte South Commercial, a mixed-use commercial and retail project of about 1.2 million sq ft with a GDV of ₹3,400 crore.
- Plans include Grade-A office space, premium retail zones and amenities built into the Monte South residential campus in South Mumbai.
- The companies position the project as a live-work setting that encourages a walk-to-work culture in Byculla.
- The wider campus is progressing: Tower A has an occupation certificate, Tower B has topped out, Tower C has reached the 12th slab and Tower D is yet to be launched.
- Knight Frank cites accelerating demand and rising rents in South Mumbai, while Marathon references its Futurex project as precedent and Mayur Shah says the new development aims to set a benchmark.