Marathon Nextgen Realty Strengthens Mumbai Presence with Sewri Project Worth ₹450 Crore.

Marathon Nextgen Realty Enters Sewri with ₹450-Crore GDV Cluster Redevelopment Project

Marathon Nextgen Realty Ltd (MNRL) has announced its entry into Sewri, Mumbai, through a joint development agreement (JDA) signed by its subsidiary Sunset Spaces Private Limited for a cluster redevelopment project.

The proposed development will feature a high-rise residential tower along with high-street retail spaces and will be developed on a land parcel measuring approximately 7,500 square metres. The project is estimated to have a Gross Development Value (GDV) of around ₹450 crore for MNRL, subject to statutory approvals, final development plans, applicable regulations and market conditions.

Commenting on the project, Parmeet Shah, Director, Sunset Spaces Private Limited, said the Sewri development marks Marathon’s expansion into a strategically important South Mumbai micro-market with strong infrastructure-led growth potential.

He said the project will provide the company with a visible presence in Sewri, a location where Marathon has not previously operated. The company plans to expand its footprint across high-potential Mumbai markets through carefully selected opportunities while maintaining focus on location, product quality and execution.

The Sewri project also marks Marathon’s move into cluster redevelopment, complementing its recent entry into society redevelopment projects. The company expects these development models to create additional growth opportunities while broadening its presence across Mumbai’s real estate landscape.

Sewri has emerged as a key residential destination due to improved connectivity following the opening of the Atal Setu, which has strengthened links between South Mumbai, Navi Mumbai and the wider Mumbai Metropolitan Region. The upcoming Sewri-Worli Elevated Connector is expected to further enhance east-west connectivity by linking key infrastructure corridors including the Atal Setu, Coastal Road and Bandra-Worli Sea Link.

The area’s waterfront location, connectivity advantages and relatively attractive pricing compared with established South Mumbai neighbourhoods have increased its appeal among homebuyers and developers.

The project will now move into the planning and regulatory approval phase, with further updates to be shared by the company as per applicable disclosure requirements.