Marathon Nextgen Realty Acquires 3 Entities for ₹70 Cr, Unlocking ₹840 Cr GDV
Marathon Nextgen Realty, via its subsidiary Nexzone IT, acquired a 51% stake in three real estate entities for ₹70 Crores. These acquisitions unlock a Gross Development Value (GDV) of over ₹840 Crores across six residential projects in Kanjurmarg, Mumbai.
The acquisition significantly expands the company's project pipeline and Gross Development Value, indicating a substantial positive impact on its future revenue and market position.
The acquisition of three real estate entities with a significant GDV of over ₹840 Crores for a consideration of ₹70 Crores is a positive development for the company, indicating growth and expansion.
Marathon Nextgen Realty Ltd. (MNRL), through its wholly-owned subsidiary Nexzone IT Infrastructures Private Limited (NZIT), has acquired a 51% controlling interest in three real estate entities. These acquisitions collectively represent Gross Development Value (GDV) exceeding ₹840 Crores and a carpet area of 5.94 lakh Sq.ft., primarily in Kanjurmarg, Mumbai.
The total acquisition cost for these three entities amounts to ₹70 Crores. The acquired entities hold six residential projects. This strategic move is expected to strengthen Marathon's presence in the Kanjurmarg micro-market and enhance its project pipeline in the Mumbai Metropolitan Region.
A significant portion, approximately 35%, of the projects are either under construction or slated for launch within the next twelve months, providing near-term revenue visibility. Additionally, around 20% of the total project area is earmarked for Permanent Transit Camp (PTC) development, a model that facilitates monetization by catering to the needs of the Slum Rehabilitation Authority (SRA) and other developers.
The company received intimation from NZIT on March 27, 2026, and has made necessary disclosures to the BSE and NSE. The press release was dated April 1, 2026.
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Marathon Nextgen Realty Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Marathon Nextgen Realty Limited. Read the original for the full detail.