Marathon Nextgen Realty Enters Sewri with Rs 4.5 Billion Project

07 Aug 2026 CW Team

Marathon Nextgen Realty has entered Sewri through a cluster redevelopment project with an estimated gross development value of Rs 4.5 billion.

The company’s subsidiary, Sunset Spaces, has signed a joint development agreement for the project, which will comprise a high-rise residential tower and high-street retail spaces.

The proposed development is situated on a land parcel measuring approximately 7,500 sq m. Its development potential and estimated GDV will depend on statutory approvals, final development plans, applicable regulations and prevailing market conditions.

Parmeet Shah, Director, Sunset Spaces Private Limited, said the project gives Marathon a visible presence in a strategically connected South Mumbai micro-market where the company has not previously operated.

He added that Marathon plans to expand across high-potential Mumbai locations through carefully selected opportunities. The Sewri project also marks the company’s entry into cluster redevelopment, complementing its recent move into society redevelopment.

Sewri has emerged as an important gateway connecting South Mumbai, Navi Mumbai and the wider Mumbai Metropolitan Region following the opening of Atal Setu.

The upcoming Sewri-Worli Elevated Connector is expected to strengthen east-west connectivity by linking Atal Setu with the Coastal Road and Bandra-Worli Sea Link.

The area’s improving infrastructure, eastern waterfront views and relative affordability compared with established neighbouring markets are expected to support its long-term residential appeal.

The project will now proceed through the planning and regulatory approval process. Marathon Nextgen Realty said further details on approvals, timelines and other material developments will be announced in accordance with regulatory requirements.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..