Marathon Group and Adani Realty JV, Monte South launches 2nd Tower, a 2,000 cr project
Marathon Group and Adani Realty launched the 2nd tower of their premium residential project at Byculla – Monte South. Approximately Rs 2000 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. Other amenities include a Jain temple, eight-levels of podium parking, a well-equipped clubhouse and gymnasium, cutting-edge recreational facilities like a skating rink, infinity swimming pool, jogging tracks, golf putting range, and a senior citizens corner.
Due to a great location, Monte South also finds itself in close proximity to top-notch educational, commercial and healthcare facilities. It also ensures ease of travel, with arterial roads like the Eastern and Western express highway, and the Eastern freeway being just few minutes away.
“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 Mr. Ajay Munot, CEO of Adani Realty. Monte South caters to about 2500 Cr. worth of inventory in the premium segment of the South Mumbai real estate market.
Monte South is designed by renowned architect, Hafeez Contractor, and it has bagged multiple awards including the DNA luxury project of the year 2018, and Asia-Pacific Property awards for Best Residential High Rise Architecture and Best Residential High Rise Development. 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, Managing Director, Marathon Group.