Marathon Nextgen Realty Enters Sewri with ₹450 Cr Project

Marathon Nextgen Realty Limited (MNRL), through its subsidiary Sunset Spaces Private Limited, has entered into a Joint Development Agreement for a cluster redevelopment project in Sewri, Mumbai. The project, situated on a 7,500 sq m land parcel, is estimated to have a Gross Development Value (GDV) of ₹450 crore for MNRL. It will feature a high-rise residential tower and high-street retail spaces. This marks MNRL's entry into the strategically important Sewri micro-market, enhancing its presence in South Mumbai. The development is expected to benefit from Sewri's improving connectivity, including the Atal Setu and the upcoming Sewri-Worli Elevated Connector. The project's GDV is subject to statutory approvals and market conditions.