Announced Fri, 3 Jul · 09:07 IST
Marathon Nextgen Realty announces Rs. 450+ Crore Versova redevelopment project
Business Updates 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
₹420.90
base price
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+1.0+2.7+1.5—+0.8+0.8-5.5-4.5-1.2-5.2-8.2———
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AI summary
Marathon Nextgen Realty's subsidiary Sunset Spaces has signed a development agreement to redevelop a residential society in Versova, Mumbai. The project spans about 1.5 acres with an estimated Gross Development Value of over Rs. 450 crore, subject to approvals and market conditions. It will be a low-density residential redevelopment. This marks MNRL's entry into society redevelopment, part of a strategy to expand across select Mumbai micro-markets.
Likely market impact
New project adds to pipeline and opens society redevelopment segment; GDV realization subject to approvals and market conditions.