Marathon Nextgen Realty Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "Marathon Acquires Three Real Estate Entities with Projects worth a GDV of over ₹840 Crore".
MARATHON · price
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Marathon Nextgen Realty's wholly owned subsidiary, Nexzone IT Infrastructures Private Limited, has acquired a 51% controlling interest in three real estate entities for approximately ₹70 crores. The acquired entities hold 6 residential projects in Kanjurmarg, Mumbai, with a combined Gross Development Value (GDV) exceeding ₹840 crores and carpet area of 5.94 lakh sq.ft. About 35% of these projects are either under construction or ready for launch within 12 months, providing near-term revenue visibility. Approximately 20% of the project area is under the Permanent Transit Camp (PTC) model under SRA (Slum Rehabilitation Authority), which involves constructing and handing over units to SRA against other developers' requirements.
This acquisition strengthens Marathon's presence in the Kanjurmarg micro-market and expands its project pipeline using a capital-efficient acquisition strategy that offers quicker realisation cycles compared to organic development. The ₹70 crore investment unlocking ₹840+ crore in GDV suggests potential value creation for shareholders.