Marathon Nextgen Realty Ltd. has announced the launch of three new residential towers in Bhandup, adding ~2.2 lakh sq. ft. of saleable carpet area under its Neohomes portfolio. The combined Gross Development Value (GDV) of the projects is estimated at Rs.370 crore, marking a significant expansion in the eastern suburb’s residential landscape.
The launch includes a new project within the 6.5?acre Neo Park layout, offering ~1.2 lakh sq. ft. of saleable carpet area with a GDV of Rs.200 crore. Additionally, the second tower of Neovalley Narmada and the third tower of Neo Park Ashoka will contribute ~1 lakh sq. ft. of residential space, adding another Rs.170 crore in GDV.
Neohomes are designed for modern urban lifestyles, featuring amenities such as a fitness centre, rooftop garden, children’s play area, and 24×7 security. Marathon’s focus on aspirational housing continues to meet the evolving needs of Mumbai’s new?age homebuyers, supported by its track record of delivering over 700 Neohomes in Bhandup.
Bhandup has emerged as a preferred residential hub, strengthened by infrastructure upgrades like the Goregaon–Mulund Link Road and the upcoming Shangrila Metro Station. The area’s growing ecosystem of education, retail, healthcare, and commercial spaces further enhances its appeal for end?users and investors.
Commenting on the launch, Kaivalya Shah, Director of Marathon Nextgen Realty Ltd., said: “Bhandup has been integral to Marathon’s growth journey. The Neo Park development aligns with the area’s transformation into one of Mumbai’s most promising residential destinations, offering smart design, trusted execution, and long?term value. This launch strengthens our portfolio and reaffirms our commitment to delivering modern, high?quality housing at scale.”
