Marathon NextGen Realty arm expands MMR footprint with Rs 70 crore deal, acquires 6 projects

Marathon NextGen Realty Ltd (MNRL) has announced that its wholly owned subsidiary, Nexzone IT Infrastructures Private Limited (NZIT), has acquired a 51 per cent controlling stake in three real estate companies, strengthening its presence in the Mumbai Metropolitan Region (MMR).

MNRL subsidiary acquires 51% stake in three firms

"...has announced that its wholly owned subsidiary, Nexzone IT Infrastructures Private Limited (NZIT), has acquired a 51 per cent controlling interest in three real estate entities," the company said in the release.

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Deal size and project details

The total acquisition cost incurred for this deal is around Rs 70 crore. The company has now acquired access to six residential projects, located in Kanjurmarg, with a combined Gross Development Value (GDV) of more than Rs 840 crore and a total carpet area of 5.94 lakh square feet.

Enhanced control and execution benefits

With the acquisition of the majority 51 per cent share in all three companies, NZIT would be able to exert more control over the execution of the projects. This would help in the speedy execution of the projects, the company said.

Strong near-term revenue visibility

As part of its strategy to speed up the process of revenue generation, the company pointed out that close to 35 per cent of the projects undertaken by the company were already in the process of being built or would be launched in the next 12 months.

PTC model under SRA framework

Additionally, around 20 per cent of the total project area has been earmarked for the Permanent Transit Camp (PTC) model under the Slum Rehabilitation Authority (SRA). Under this model, the company will construct housing units and hand them over to the authority, which can then be utilised by other developers for rehabilitation requirements.

Key micro-markets to benefit

The PTC model is expected to benefit developers operating within a 5-kilometre radius and in adjoining wards such as T, P/S, K/E, L, and N. Key micro-markets likely to benefit include Vile Parle East, Andheri East, Jogeshwari East, and Goregaon East, further enhancing the monetisation potential of these projects, the company said.

Strategic growth alignment

The company stated that the acquisition aligns with its broader growth strategy of deploying capital into projects with faster realisation cycles. It also expects the deal to generate strong synergies, given that all three entities operate within the same real estate segment.

Impact on pipeline and market position

Overall, the transaction is set to strengthen Marathon’s project pipeline, improve cash flow visibility, and reinforce its position in the MMR real estate market, while also expanding its role within the SRA redevelopment ecosystem.

Marathon NextGen Realty share performance

Shares of Marathon Nextgen Realty were trading at Rs 397.45 apiece, up marginally by 0.06 per cent as of 1 pm, after opening at Rs 391.15—marking a gain of about 1.61 per cent from the opening price—and touching an intraday high of Rs 397.45.

The stock has a 52-week high of Rs 774.55 (July 17, 2025) and a 52-week low of Rs 368.40 (March 16, 2026). Over the past week, the stock has declined by 4.78 per cent and is down 26.76 per cent on a year-to-date (YTD) basis.