Marathon Nextgen Realty Launches ₹370 Crore Residential Project in Bhandup, Mumbai
Marathon Nextgen Realty introduces three new residential towers in Bhandup, Mumbai, with a combined value of ₹370 crore, expanding the modern housing options in this fast-growing suburb.
Marathon Nextgen RealtyBhandupMumbaiResidential ProjectsReal EstateReal Estate MumbaiNov 14, 2025
Among the launches, the first is a new residential project within the 6.5-acre Neo Park layout, covering 5,100 square meters of land. The project offers a total carpet area of approximately 1.2 lakh square feet, with a tentative Gross Development Value (GDV) of ₹200 crore. This new residence in Bhandup is designed to meet the local demand for quality housing, combining a perfect lifestyle with comfort and convenience.
Next, the company is developing the second tower of Neovalley Narmada and the third tower of Neo Park Ashoka. Together, these towers offer about 1 lakh square feet 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 square feet of dwelling space, represent a significant expansion of Marathon’s presence in the region.
Marathon has been a major contributor to the housing supply in Bhandup, with more than 700 Neohomes already delivered. The Neosquare project has received its Occupancy Certificate (OC), and the next phase is nearing completion. These earlier developments have helped transform Bhandup into an ideal residential hub for families and working professionals seeking modern housing in a well-connected locality.
Bhandup has quickly become a top choice for residential living in the eastern suburbs of Mumbai. The area benefits from excellent connectivity, including the Goregaon–Mulund Link Road and the upcoming Shangrila Metro Station, which will further enhance residents’ mobility and access to other parts of the city.
Commenting on the announcement, Mr. Kaivalya Shah, Director of 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 track record of over 100 projects. The group’s current portfolio stands at 6.2 million square feet, and the total area of its completed developments is 8.4 million square feet across MMR, highlighting its deep involvement in the real estate sector of the city.
Marathon Nextgen Realty’s new project on the west side of Bhandup continues to offer locals the choice of contemporary, well-thought-out housing in an area that is rapidly developing and remains highly accessible. This addition is not only significant for the Neohomes segment but also plays a crucial role in Bhandup’s ongoing transformation into a major residential hub of Mumbai.
Frequently Asked Questions
What is the total value of the new residential project in Bhandup?
The total value of the new residential project in Bhandup is ₹370 crore.
How many residential towers is Marathon Nextgen Realty launching in Bhandup?
Marathon Nextgen Realty is launching three new residential towers in Bhandup.
What is the total carpet area of the new residential project?
The total carpet area of the new residential project is approximately 2.2 lakh square feet.
What are the key infrastructure developments in Bhandup that enhance its connectivity?
Key infrastructure developments in Bhandup include the Goregaon–Mulund Link Road and the upcoming Shangrila Metro Station.
How many Neohomes has Marathon Nextgen Realty already delivered in Bhandup?
Marathon Nextgen Realty has already delivered more than 700 Neohomes in Bhandup.
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