Real Estate

Neo Wealth Leases 16,231 Sq Ft at Marathon Futurex, Rs 54 Lakh/Month

By GeoSquare News Desk · Published 2026-11-04

In a significant commercial real estate transaction, Neo Wealth, a financial services firm, has leased 16,231 sq ft of office space at Marathon Futurex in Lower Parel, Mumbai. The monthly rental is reported at Rs 54 lakh, translating to a per sq ft rate of approximately Rs 333 per month.

Lease Details and Location

Marathon Futurex is a premium Grade-A commercial tower located in the heart of Mumbai's business district. The lease underscores the continued demand for high-quality office spaces in the city, especially from the financial services sector. The space will likely be used for Neo Wealth's expanding operations.

Market Implications

This deal reflects a broader trend of rising office rentals in prime Mumbai locations. For investors, it signals healthy rental yields and capital appreciation potential in commercial properties. The transaction also highlights the resilience of the commercial real estate market, even as global uncertainties persist.

In a related development, Brookfield India REIT reported a 51% increase in operating income, driven by strong leasing activity across its portfolio. This further cements the positive outlook for India's commercial real estate sector.

For property buyers and investors in Maharashtra, such deals indicate that premium office spaces remain a lucrative investment avenue. With limited supply in key micro-markets and steady demand from corporates, rental values are expected to remain firm.