Marathon Nextgen Realty gains on launching Phase III of `Marathon Nexzone`
Marathon Nextgen Realty is currently trading at Rs. 586.15, up by 4.60 points or 0.79% from its previous closing of Rs. 581.55 on the BSE.
The scrip opened at Rs. 600.50 and has touched a high and low of Rs. 600.50 and Rs. 583.20 respectively. So far 10697 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 774.55 on 17-Jul-2025 and a 52 week low of Rs. 352.05 on 11-Mar-2025.
Last one week high and low of the scrip stood at Rs. 603.45 and Rs. 573.05 respectively. The current market cap of the company is Rs. 3965.68 crore.
The promoters holding in the company stood at 55.92%, while Institutions and Non-Institutions held 22.46% and 21.62% respectively.
Marathon Nextgen Realty has launched Phase III of its flagship township -- Marathon Nexzone, in Panvel. The new phase, titled The Nirvana Collection, spans over around 3 acres with an estimated RERA Carpet Area of around 4.90 lakh square feet and an estimated Gross Development of Value in excess of Rs 600 crore. It comprises four premium towers of 28 storeys each, offering a wide range of luxurious 2BHK, 3BHK and select 4 BHK combination homes, along with two retail floors, four parking levels, and a 70,000 square feet stilt-level covered and open to sky amenity zone. Residents will enjoy a range of modern amenities, including a swimming pool with waterfall and jacuzzi, fitness centre with yoga and meditation zones, multi-purpose lawns, pet zone, children’s play areas, co-working spaces, cafe, indoor gaming zones.
This strategic expansion comes at a time when Panvel is rapidly emerging as one of the most promising destinations in the Mumbai Metropolitan Region. Transformative infrastructure including the Atal Setu (Mumbai Trans Harbour Link), the recently inaugurated Navi Mumbai International Airport, enhanced metro connectivity, and the Panvel-Karjat suburban railway corridor have positioned Panvel as a strategic location offering the perfect balance of connectivity, affordability, and quality of life, making it an ideal setting for Marathon Nexzone's continued growth.
Marathon Nextgen Realty focuses on residential and commercial segments.
