Mumbai’s commercial real estate market continues to attract financial services companies, with three firms collectively leasing 28,976 sq ft of office space at Marathon Futurex in Lower Parel for a combined monthly rental of Rs 99.44 lakh.
According to property registration documents accessed through real estate data analytics firm CRE Matrix, the companies have taken five office units across the third floors of Wings B and C at the commercial complex on N M Joshi Marg. The transaction was registered on September 24, 2026, and involves a total security deposit of ₹3.97 crore.
Arvesta Financial Services Private Limited has leased Unit 301 in Wing B, covering 7,518 sq ft, at a monthly rent of Rs 26.68 lakh. The agreement also includes five car parking spaces.
Neo Wealth Management Private Limited has acquired three units. These include Unit 302 in Wing B, measuring 3,740 sq ft, for Rs 13.27 lakh per month; Unit 303, spanning 6,313 sq ft, for Rs 19.04 lakh; and Unit 304 in Wing C, covering 6,178 sq ft, at Rs 21.93 lakh monthly.
Meanwhile, Neo Markets Services Private Limited has leased Unit 305 in Wing C, comprising 5,212 sq ft, for a monthly rental of Rs 18.50 lakh.
All five office units are owned by Marathon Realty Private Limited and Marathon Nextgen Realty Limited.
The registered agreements provide for a five-year lease period, beginning January 20, 2027, and ending January 19, 2032. Rental payments will commence from January 20, 2027, with an annual escalation of 5%.
Marathon Futurex is a prominent Grade-A commercial development in Lower Parel, central Mumbai. The property continues to attract businesses from the banking, financial services and insurance (BFSI) sector, reflecting sustained demand for premium office spaces in established commercial districts.
Source: The Free Press Journal
