Marathon NextGen Realty Ltd., through its wholly owned subsidiary Nexzone IT Infrastructures Private Limited, has acquired a 51% controlling interest in three real estate entities with projects collectively valued at a Gross Development Value (GDV) of over ₹840 crore. This strategic acquisition bolsters Marathon’s presence in the Kanjurmarg micro-market in Mumbai, adding a carpet area of 5.94 lakh sq. ft. across six residential projects.
The acquisition, which was finalised on March 27, 2026, involves a total investment of approximately ₹70 crore. This move is part of Marathon’s broader strategy to accelerate project execution and revenue generation by investing in ventures with quicker turnaround times. Approximately 35% of the projects are already under construction or set to launch within the next year, providing near-term revenue visibility.
A significant portion of these projects, around 20%, is designated as Permanent Transit Camp (PTC) areas. Under this model, Marathon constructs and hands over completed units to the Slum Rehabilitation Authority (SRA) in exchange for other developers’ requirements. This structure facilitates effective monetisation, particularly benefiting developers in Vile Parle East, Andheri East, Jogeshwari East, and Goregaon East.
Marathon’s acquisition strategy aims to create significant synergies and long-term value for shareholders by leveraging the combined GDV of over ₹840 crore. The company plans to expand its PTC segment, further strengthening its position as a preferred partner within the SRA redevelopment ecosystem.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Markets Desk before publication.