# Marathon Nextgen Realty to Buy Adani Group's 60% Stake in Mumbai's Monte South for Rs 335 Crore > Marathon Nextgen Realty will buy Adani Group's 60% stake in Mumbai's Monte South for Rs 335 crore, lifting its holding to 100% and taking full control of the project. - Published: 2026-10-31T16:23:58+00:00 - Section: Mergers & Acquisitions - Author: News Desk - URL: https://newsforagent.com/news/2026-10-31/marathon-nextgen-adani-monte-south-stake - Source: [Business News Today](https://www.moneycontrol.com/news/business/marathon-nextgen-realty-to-buy-adani-group-s-60-stake-in-mumbai-project-for-rs-335-crore-14065142.html) ## Key takeaways - Marathon Nextgen Realty will acquire Adani Group's 60% stake in the Monte South mixed-use project in Byculla, Mumbai, for approximately Rs 335 crore. - The acquisition raises Marathon's stake in Monte South from 40% to 100%, giving it full ownership and control of the development. - Monte South comprises four 64-storey residential towers and a commercial tower, together representing about 25 lakh sq ft of area. Marathon Nextgen Realty Ltd will acquire Adani Group's 60% stake in the Monte South mixed-use project in Mumbai for approximately Rs 335 crore, the company said in a regulatory filing on Saturday. [Business News Today](https://www.moneycontrol.com/news/business/marathon-nextgen-realty-to-buy-adani-group-s-60-stake-in-mumbai-project-for-rs-335-crore-14065142.html) reported that the board approved the acquisition, which lifts Marathon's holding in the Byculla development from 40% to 100%. ## Marathon's Rs 335 Crore Monte South Buyout [Marathon Nextgen Realty](https://akta.pro/company-profiles/003ogd3/marathon-nextgen-realty) is a publicly listed Mumbai developer and the listed arm of the Marathon Group, founded in 1969 by Ramniklal Zaverbhai Shah. [Adani Group](https://akta.pro/company-profiles/0002liw/adani-group) is the counterparty selling its 60% interest in the project. Monte South was the Adani Group's first premium real estate development in Mumbai, according to the filing. The group has since expanded its presence in the Mumbai Metropolitan Region with several larger developments. "As the Group increasingly focuses its resources and attention on these larger opportunities, it has decided to exit its investment in Monte South," Marathon said in the filing. The project comprises four 64-storey residential towers and a commercial tower, together representing about 25 lakh sq ft. It includes completed residences, ongoing construction and future development across its residential and commercial components. "The project offers significant residential sales and development potential, alongside the future monetisation of its commercial component," the company said. [ScanX](https://scanx.trade/stock-market-news/companies/marathon-nextgen-acquires-60-stake-swayam-realtors-monte-south/54992933) reported that Marathon acquired the 60% stake in Swayam Realtors and Traders LLP, the Monte South developer, for up to Rs 335 crore, in a deal approved on October 31, 2026. [The Times of India](https://economictimes.indiatimes.com/industry/services/property-/-cstruction/marathon-nextgen-realty-to-buy-adani-groups-60-pc-stake-in-mumbai-project-for-rs-335-crore/articleshow/135405049.cms) reported the same stake increase from 40% to 100% and the project's four 64-storey residential towers and commercial tower. ## Marathon's Recent Deal Record According to akta.pro [company records](https://akta.pro/company-data), Marathon's subsidiary Nexzone IT Infrastructures acquired 51% stakes in three Kanjurmarg real estate companies for Rs 70 crore in April 2026, gaining access to six projects with a combined gross development value of over Rs 840 crore. The same records show Adani Realty and Marathon Nextgen Realty formed a joint venture in October 2025 to develop Monte South Commercial in Byculla, spanning approximately 1.2 million sq ft of office and retail space with an estimated gross development value of Rs 3,400 crore. ## Earlier Marathon Expansion Moves In August 2026, Construction World reported that Marathon Nextgen Realty, through subsidiary Sunset Spaces, entered the Sewri micro-market via a joint development agreement for a cluster redevelopment project with an estimated gross development value of Rs 4.5 billion. Constructionweekonline reported the same month that the company secured full Occupancy Certificates for the Cedar and Daffodil towers at Nexzone in Q1FY27 while adding two redevelopment projects in Versova and Sewri with a combined gross development value of ₹900 crore. ## Monte South Closing Terms The filing states that Marathon's stake will rise to 100% upon completion of the transaction, giving it full ownership and control of the Byculla project. ## Companies in this story - [Marathon Nextgen Realty company profile](https://akta.pro/company-profiles/003ogd3/marathon-nextgen-realty) · website: https://www.marathonnextgen.com - [Adani Group company profile](https://akta.pro/company-profiles/0002liw/adani-group) · website: https://www.adani.com --- News for Agent · https://newsforagent.com/llms.txt