Marathon Nextgen Realty Launches ₹370 Crore Residential Development in Bhandup

Marathon Nextgen Realty Ltd., one of the leading real estate company engaged in the development of residential and commercial projects, announced the launch of three new residential towers in Bhandup, reinforcing its leadership in the micro-market and expanding its Neohomes portfolio - Marathon's signature line of modern, efficient, and lifestyle-driven urban residences.

The launch includes a new residential project within the 6.5-acre Neo Park layout, spread across 5,100 sq. mt. of land, offering a total saleable carpet area of ~1.2 lakh sq. ft. with an estimated Gross Development Value (GDV) of ₹200 crore. Alongside this, MNRL is introducing the second tower of Neovalley Narmada and the third tower of Neo Park Ashoka, together adding ~1 lakh sq. ft. of saleable carpet area with an additional GDV of ₹170 crore. In total, approximately 2.2 lakh sq. ft. of residential space, with a combined GDV of ₹370 crore, is being launched under the Neohomes category in Bhandup.

Neohomes are designed for today's dynamic urban lifestyles, offering thoughtfully crafted apartments complemented by a carefully curated set of amenities. Residents will enjoy a fitness centre, rooftop garden, children's play area, and 24×7 security, creating a safe, convenient, and community-centric environment.

These offerings reflect Marathon's focus on delivering aspirational housing that meets the evolving needs of Mumbai's new-age homebuyers. This launch is in line with the strategic roadmap outlined by the management during its Q1 FY26 earnings call, emphasizing steady, profitable, and sustainable growth across Marathon's residential portfolio.

Marathon has already delivered over 700 Neohomes in Bhandup, with Neosquare receiving its OC and the next phase nearing completion - a testament to the company's consistent delivery and execution excellence. This consistent track record of on-time delivery and quality construction continues to reinforce MNRL's reputation as one of Mumbai's most trusted developers.

Bhandup has rapidly emerged as a preferred residential hub in the eastern suburbs, supported by robust connectivity and infrastructure upgrades such as the Goregaon-Mulund Link Road and the upcoming Shangrila Metro Station. Its growing ecosystem of educational institutions, retail, healthcare, and commercial spaces further enhances its appeal for end-users and investors alike.

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."

Shares of Marathon Nextgen Realty Limited was last trading in BSE at Rs. 585.30 as compared to the previous close of Rs. 581.55. The total number of shares traded during the day was 10868 in over 325 trades.

The stock hit an intraday high of Rs. 600.50 and intraday low of 583.20. The net turnover during the day was Rs. 6408048.00.

Source : Equity Bulls

Keywords

MarathonNextgenRealty INE182D01020 ResidentialDevelopment Bhandup