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Marathon Nextgen Realty’s arm secures Rs 450 crore redevelopment project in Mumbai
Jul-03-2026

Marathon Nextgen Realty’s subsidiary -- Sunset Spaces has executed a Development Agreement for the redevelopment of the society located at Versova, Mumbai. The agreement marks the company’s foray into society redevelopment, building on the company's experience in larger-format real estate development and complex urban renewal projects.

The project comprises the redevelopment of an existing residential society situated on land admeasuring around 1.5 acres, with an estimated Gross Development Value / revenue potential of over Rs 450 crore, subject to receipt of requisite approvals, final plans, applicable regulations and market conditions.

The project is being planned as a differentiated, relatively low-density residential redevelopment for the Versova micro-market. This approach is expected to enable a higher proportion of open and landscaped spaces compared with typical high-density redevelopment projects in the area, creating a more spacious and amenity-led residential environment. Under the terms of the agreement, Sunset Spaces will undertake the planning, approvals, design, construction and execution of the redevelopment project in accordance with applicable laws, regulations and the mutually agreed terms with the society.

Marathon Nextgen Realty focuses on residential and commercial segments.

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