Marathon Nextgen Realty Ltd., a well-known name in Mumbai’s real estate landscape, has rolled out a fresh set of residential launches in Bhandup, further strengthening its position in one of the city’s fastest-growing micro-markets. The company has introduced three new towers under its popular Neohomes brand, a segment built around compact, modern and smartly planned urban apartments.
The biggest highlight of this announcement is a brand-new residential project coming up inside the 6.5-acre Neo Park layout. This development spans around 5,100 sq. mt. and offers close to 1.2 lakh sq. ft. of saleable carpet area. Marathon has pegged the project’s Gross Development Value at about ₹200 crore. Alongside this, the second tower at Neovalley Narmada and the third tower at Neo Park Ashoka are also being launched. Together, these two additions bring in another 1 lakh sq. ft. of saleable space with an estimated GDV of ₹170 crore. In all, the Neohomes launches in Bhandup now add up to roughly 2.2 lakh sq. ft. of homes worth ₹370 crore.
Marathon’s Neohomes have been gaining popularity among Mumbai’s new-age homebuyers because they combine efficient layouts, modern amenities and accessible pricing. The new towers will offer a lifestyle backed by practical comforts such as a fitness centre, rooftop garden, kids’ play area and round-the-clock security. The company’s approach is centred around creating compact homes that don’t compromise on experience, especially for young families and professionals.
These launches also stay aligned with the strategic roadmap that Marathon’s management shared during the Q1 FY26 earnings call, where they emphasised stable, profitable and sustainable expansion across the residential portfolio. The company has already delivered more than 700 Neohomes in Bhandup, with Neosquare receiving its OC recently and the next phase nearing completion. The continued pace of delivery stands as proof of the developer’s strong execution track record and explains why Marathon is today counted among Mumbai’s most trusted builders.
Bhandup itself has been evolving into a sought-after residential hotspot in the eastern suburbs. Improved connectivity through projects like the Goregaon–Mulund Link Road and the upcoming Shangrila Metro Station has amplified its attractiveness. The neighbourhood is also seeing a steady rise in schools, healthcare, retail and commercial spaces, making it an ideal destination for both end-users and investors looking at Mumbai’s growth corridors.
