Marathon Nextgen Realty Ltd has launched a new residential project worth ₹370 crore in Bhandup, one of Mumbai’s fast-growing eastern suburbs. The development includes three new residential towers under the company’s Neohomes portfolio, aimed at meeting the rising demand for compact and well-connected urban housing.
The project spans approximately 2.2 lakh sq. ft. of saleable carpet area and is divided across multiple towers within the Neo Park and NeoValley clusters. According to the company, the Neo Park layout covers around 5,100 sq. m., contributing nearly 1.2 lakh sq. ft. of space with a gross development value (GDV) of ₹200 crore. The remaining portion includes the second tower of NeoValley Narmada and the third tower of Neo Park Ashoka, which add roughly 1 lakh sq. ft. combined and a GDV of about ₹170 crore.
Bhandup continues to emerge as a preferred residential micro-market due to improving connectivity and infrastructure upgrades. The area benefits from easy access to LBS Road, the Goregaon–Mulund Link Road (GMLR), and proximity to major employment hubs. The upcoming Shangrila Metro Station is expected to further enhance accessibility, making the micro-market attractive for homebuyers seeking well-connected living spaces within Mumbai.
Marathon Nextgen Realty has already delivered more than 700 Neohomes in Bhandup, strengthening its presence in the region. The launch of these new towers aligns with the company’s strategy to expand its footprint in the affordable and mid-income housing segments. The developer, part of the Marathon Group, has a legacy of over 100 completed projects across the Mumbai Metropolitan Region (MMR), with more than 8 million sq. ft. delivered and several million sq. ft. under development.
With increasing demand for modern and compact housing in suburban Mumbai, the new project is positioned to attract young professionals, first-time homebuyers, and families looking for value-driven residential options.
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