Marathon Nextgen Realty Unveils ₹370 Crore Residential Project in Bhandup

Marathon Nextgen Realty Ltd has unveiled a major expansion of its Neohomes portfolio in Bhandup, marking one of its most significant residential launches in the micro-market. 

The development reinforces the company’s focus on creating efficiently designed, affordable urban housing across Mumbai’s growing eastern corridor.

Key Development

The company has introduced multiple residential towers within the Neo Park and Neovalley clusters, together contributing nearly 2.2 lakh sq. ft. of saleable carpet area. The newly launched tower inside the 6.5-acre Neo Park layout forms the largest component, with approximately 1.2 lakh sq. ft. and an estimated gross development value of ₹200 crore. 

Alongside this, Neovalley Narmada’s second tower and the third tower of Neo Park Ashoka add close to one lakh sq. ft., carrying an additional GDV of ₹170 crore. With these launches, Marathon Nextgen strengthens its footprint in Bhandup, a micro-market where it already has significant scale and ongoing phases of development.

Statements and Insights

The company noted that the Neohomes category continues to attract a wide base of young and first-time homebuyers seeking modern, compact and functionally planned residences. 

Director Kaivalya Shah said the new launches align with Marathon’s strategy to deepen its presence in Bhandup, a location witnessing rising residential demand due to ongoing connectivity upgrades, including the Goregaon–Mulund Link Road and the planned metro expansion. 

The projects are designed to include contemporary amenities such as rooftop spaces, children’s recreation zones, fitness facilities and improved security provisions, aiming to cater to the evolving expectations of mid-income homebuyers.

Read More: Marathon Nextgen Realty Unveils ₹600 Crore Residential Project in Panvel!

Marathon Nextgen Share Price Performance 

As of November 13, 2025, at 2:07 PM, Marathon Nextgen share price is trading at ₹571.05 per share, reflecting a decline of 2.51% from the previous day's closing price.

Conclusion

The ₹370-crore launch marks another strategic step in Marathon Nextgen’s expansion in Bhandup, enhancing the Neohomes portfolio and strengthening its presence in one of Mumbai’s fastest-growing residential hubs.

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