Marathon Nextgen Realty Ltd (MNRL) based in Mumbai, announced the debut of three new residential towers in Bhandup, with a combined project value of ₹370 crore. Marathon’s initiative to extend comfortable living spaces in the fast-expanding suburbs of Mumbai continues with this launch.
Among the launches, the first is a new residential project inside the 6.5-acre Neo Park layout, spread over 5,100 sq. m of land. The project is valued for sale at a total carpet area of approximately 1.2 lakh sq. ft., with a tentative Gross Development Value (GDV) of ₹200 crore. The new Bhandup residence is made for the local demand of quality housing and easily combines a perfect lifestyle with comfort and convenience.
Next, the company is announcing the development of Neovalley Narmada second tower, and the third tower of Neo Park Ashoka which together offer about 1 lakh sq. ft. of saleable carpet area with an additional GDV of ₹170 crore. The three residential towers under the Neohomes banner in Bhandup, comprising approximately 2.2 lakh sq. ft. of dwelling space, are a considerable extension of the Marathon strategy in this region.
Marathon has been a major source of more than 700 Neohomes’ supply in Bhandup and Neosquare has already been awarded its OC while the next phase is near completion. These earlier developments have contributed to making Bhandup an ideal residential hub for families and working professionals who are looking for modern housing in a locality with good connectivity.
Bhandup has become the top choice for residential living in the eastern suburbs of Mumbai in no time. It has the advantage of being well-linked and new infrastructure developments like the Goregaon–Mulund Link Road and the forthcoming Shangrila Metro Station will further facilitate the residents’ mobility and access to other localities.
Commenting on the announcement, Mr. Kaivalya Shah, Director, Marathon Nextgen Realty Limited, said, “We are excited to launch another project in Bhandup — a location that has been integral to Marathon’s growth journey. Over the years, the area has transformed into one of Mumbai’s most promising residential destinations, driven by connectivity upgrades and lifestyle infrastructure. The Neo Park development perfectly aligns with this growth story, offering a combination of smart design, trusted execution, and long-term value. This new launch further strengthens our portfolio in the micro-market and reaffirms Marathon’s commitment to delivering modern, high-quality housing at scale.”
Marathon Group has been a significant player in the Mumbai Metropolitan Region (MMR) with an impressive record of 100 plus projects. The group’s current portfolio is 6.2 million sq. ft., and the total area of its completed developments is 8.4 million sq. ft. across MMR, which shows how deeply the group is embedded in the real estate sector of the city.
Marathon Nextgen Realty goes on with its new project to the west side of Bhandup, and with this debut, locals are further given the choice for contemporary yet well-thought-out housing in an area that keeps on developing rapidly and is well-accessible. Not only is the addition significant for the Neohomes segment, but it also plays an essential part in Bhandup’s ongoing urban transformation into a major residential hub of Mumbai.
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