Marathon Group launches new affordable housing project in Bhandup W
Last Updated on, March 31, 2023
Marathon Group, a leading real estate developer in Mumbai, announced the launch of a new project in Bhandup under its brand of affordable homes, Marathon NeoHomes.
The new project, NeoValley Narmada, is the 6th NeoHomes project and is located near Gadhav Naka, the main market area in the heart of Bhandup W, just 10 minutes from Bhandup station. Marathon has had tremendous success with NeoHomes with over 1000 customers in Bhandup alone.
“A city like Mumbai desperately needs a large supply of branded, high-quality affordable housing, and that’s the gap the NeoHomes aims to fill and we are heartened by the terrific response to the product so far.”, said Mr. Mayur Shah, Managing Director, Marathon Group
NeoHomes offers compact yet well-designed studio and 1BHK homes. The new project will for the first time also offer larger 1BHK homes and 2BHK homes as well.
The studio homes are priced at 31.9L onwards, the 1BHK’s range from 47.9L to 72.9L and the 2BHK start at 90.9L onwards.
NeoValley will offer a range of amenities including a clubhouse, gym, indoor games, landscaped park and more.
“We’ve carefully designed the amenities so that there’s something for everyone in the family. Developers today provide all kinds of fancy amenities that societies typically don’t end up maintaining, so we’ve taken care to provide amenities that are used the most but won’t end up burdening residents with high maintenance costs”, said Mr. Kaivalya Shah
Marathon has ambitious plans in Bhandup with over 5000+ homes in the pipeline and total potential development of 100 acres just in Bhandup W.
About Marathon Group
Marathon Group is a 53-year-old Mumbai-based real estate development company that has completed over 100 projects in the city. Marathon’s portfolio spans various categories including townships, affordable housing projects, ultra-luxury skyscrapers, standalone towers, small offices and large business centers, with projects spread across the Mumbai Metropolitan Region (MMR). The Group has ongoing projects at Mulund, Byculla, Bhandup, Panvel, and Dombivli.