Thursday, March 14, 2019

Marathon Group and Adani Realty JV, Monte South launches 2nd Tower, a Rs. 2,000 crore project


·        2nd Tower launch will see more than 150 units for booking in the launch phase
·        The project to come up in a 12-acre residential compound
·        Proposed 60 storey tower with 2&3 BHK apartments
·        Unique amenities like a private beach on an 8-storey high podium
·        Located in Byculla, fast-emerging as the preferred real estate destination, Monte South is a premium 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.

The project has been registered via Maha RERA registration number: P51900001936 / P51800001779 / P51800001681 / P51800001585 / P51900001346 / P51800002818 and is available on the website https://maharera.mahaonline.gov.in under registered projects.

Marathon Group is a 49-year-old Mumbai based real estate development company that has completed over 80 projects in the city. The group is proud to have provided homes for more than 5,000 families, retail space for 400 retailers and offices for 350 businesses. Marathon is currently building several townships in the fastest growing neighborhoods, affordable housing projects, ultra-luxury skyscrapers, offices and large business centers, with projects spread across the Mumbai Metropolitan Region (MMR), with over 18mn sq. ft. of land currently under development, and a plan to deliver more than 15000 homes in the next 5 years.

Adani Realty is one of the youngest arms of India's top infrastructure and development conglomerate - the Adani Group. With a commitment to getting India at par with the most advanced countries around the world, the Group has begun development in the most promising cities, integrating the finest design aesthetics with cutting edge construction technology. As part of the Adani Group, the Group has a legacy of trust and excellence, that they live up to; a fact that has driven them to achieve a lot in a relatively short period of time. At present, they are developing over 69 million sq. ft. of residential, commercial and social club projects across Ahmedabad, Mumbai, Gurgaon, Mundra and Kochi.

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