Marathon Nextgen Subsidiary Acquires 51% Stake in Real Estate Entities

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. This acquisition involves projects with a combined Gross Development Value (GDV) of over ₹840 Crore. The projects span a carpet area of 5.94 lakh square feet and are located in Kanjurmarg, Mumbai. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The total acquisition cost for the 51% controlling interest in these entities is approximately ₹70 Crore. This investment provides Nexzone IT Infrastructures Private Limited with direct influence over the ongoing project execution. The projects are expected to generate significant synergies, as all three entities operate within the same business segment. The acquisition aligns with Marathon’s strategy to enhance its project pipeline and deepen its presence in the Mumbai Metropolitan Region.

The scope of the acquisition includes six residential projects. Approximately 35% of these projects are either under construction or are scheduled for launch within the next twelve months. This provides near-term revenue visibility and supports Marathon’s focus on projects with strong execution readiness. Additionally, around 20% of the total project area is designated as Permanent Transit Camp (PTC), which involves construction and handover of completed units to the Slum Rehabilitation Authority (SRA). This model facilitates effective monetization by serving developers within a 5 km radius or in adjoining wards.

The acquisition strengthens Marathon’s presence in the Kanjurmarg micro-market. The projects’ combined GDV of over ₹840 Crore underscores the long-term value potential for the company’s shareholders. The strategic rationale behind these acquisitions is to achieve quicker turnaround times in real estate projects, enabling faster revenue generation and improved capital efficiency.

The company received intimation from Nexzone IT Infrastructures Private Limited on March 27, 2026, regarding the acquisition. The necessary disclosures were made to BSE and NSE in accordance with regulatory requirements. The projects are expected to enhance Marathon’s strategic position within the broader SRA redevelopment ecosystem.

Marathon Nextgen Realty Ltd is a prominent real estate developer with a focus on residential and commercial projects in the Mumbai Metropolitan Region. The company has a history of over 56 years in shaping Mumbai’s skyline, with a portfolio that includes townships, affordable housing, luxury residential, retail, and corporate parks. Marathon is known for its design-driven and engineering-focused approach, with strong in-house capabilities in design, engineering, execution, marketing, and sales.