Marathon Nextgen Goes High-Rise in Sewri with ₹450 Cr JDA

Marathon Nextgen Realty Ltd (MNRL) has announced its debut in Sewri, South Mumbai, through a joint development agreement (JDA) signed by its subsidiary, Sunset Spaces Private Limited.

The cluster redevelopment project will span a ~7,500 sq. metre plot and feature a high-rise residential tower with integrated high-street retail spaces. MNRL estimates the project's Gross Development Value (GDV) at roughly ₹450 crore.

Highlighting the project's strategic value, Parmeet Shah, Director at Sunset Spaces, noted that the move diversifies Marathon’s growth model into cluster redevelopment while establishing a footprint in an infrastructure-rich corridor. Sewri’s real estate demand has surged following the operationalization of the Atal Setu and anticipation surrounding the upcoming Sewri-Worli Elevated Connector.

The development will now proceed through standard planning and regulatory approval workflows.

News by Rahul Yelligetti.