Announced Fri, 3 Jul · 11:12 IST
Marathon Nextgen Realty adds Rs. 450+ Crore Versova redevelopment project
Compliance View source PDF
MARATHON · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹416.55
prior close
₹422.80
base price
In-mkt
timing
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AI summary
MNRL's subsidiary Sunset Spaces signed a development deal to redevelop a 1.5-acre residential society in Versova, Mumbai, with an estimated gross development value of over Rs. 450 crore. The project marks MNRL's first entry into society redevelopment and will be planned as a low-density premium residential project. Approvals and final plans are still pending.
Likely market impact
New Rs. 450+ Crore Versova project boosts pipeline and marks entry into society redevelopment, supporting future revenue visibility.