Marathon Nextgen Rises After Launch of Nexzone Phase III

Mumbai, 13 November (Udaipur Kiran)। Marathon Nextgen Realty was trading at Rs. 586.15 on the BSE, up 4.60 points or 0.79% from its previous close of Rs. 581.55. The stock opened at Rs. 600.50 and touched an intraday high and low of Rs. 600.50 and Rs. 583.20 respectively. So far, 10,697 shares have been traded on the counter.

Marathon Nextgen

The BSE Group ‘B’ stock, with a face value of Rs. 5, recorded a 52-week high of Rs. 774.55 on 17 July 2025 and a 52-week low of Rs. 352.05 on 11 March 2025. Over the past week, the scrip has moved between Rs. 603.45 and Rs. 573.05. The company’s market capitalisation currently stands at Rs. 3,965.68 crore. Promoters hold 55.92% stake, while institutions and non-institutions hold 22.46% and 21.62% respectively.

Marathon Nextgen Realty has launched Phase III of its flagship township, Marathon Nexzone, in Panvel. The new phase, titled The Nirvana Collection, spans nearly 3 acres with an estimated RERA carpet area of about 4.90 lakh sq ft and an estimated gross development value exceeding Rs. 600 crore. It features four premium 28-storey towers offering luxurious 2BHK, 3BHK and select 4BHK combination homes. The development also includes two retail floors, four parking levels and a 70,000 sq ft stilt-level amenity zone comprising both covered and open-to-sky facilities.

Residents will benefit from modern amenities such as a swimming pool with waterfall and jacuzzi, fitness centre with dedicated yoga and meditation zones, multi-purpose lawns, pet zone, children’s play areas, co-working spaces, café and indoor gaming zones.

The expansion comes at a time when Panvel is emerging as a major growth hub within the Mumbai Metropolitan Region. Key infrastructure projects — including the Atal Setu (Mumbai Trans Harbour Link), the newly inaugurated Navi Mumbai International Airport, upgraded metro connectivity and the Panvel–Karjat suburban corridor — have strengthened Panvel’s appeal by offering enhanced connectivity, affordability and quality of life.

Marathon Nextgen Realty operates across both residential and commercial segments.

BREAKING NEWS:
Sara Shines in Royal Look at Brother’s Mehndi Ceremony “UTS App shutting down March 1; switch to Railone!” Realme C83 5G launching in India on March 7!