Marathon Nextgen Realty Unveils ₹600 Crore Residential Project in Panvel

Marathon Nextgen Realty Limited has announced the launch of The Nirvana Collection: Phase III of its flagship township, Marathon Nexzone, in Panvel. The new phase spans 3 acres with a total carpet area of 4.9 lakh sq. ft. and a gross development value estimated at over ₹600 crore, marking another milestone in the company’s township portfolio within the Mumbai Metropolitan Region (MMR).

Key Development

The latest expansion includes four 28-storey towers, offering 2BHK, 3BHK and select 4BHK combination residences. It will also feature two levels of retail, four parking floors and a 70,000 sq. ft. stilt-level amenity zone. 

Residents will have access to a swimming pool with a jacuzzi, fitness and yoga zones, co-working areas, indoor games, and pet-friendly spaces. A dedicated high-street retail promenade, spanning approximately 70,000 sq. ft., will provide access to lifestyle and daily-use conveniences, enhancing the integrated living experience within the township.

Statements from Management 

As per the exchange filings, Samyag Shah, Director at Marathon Nextgen Realty, “The Nirvana Collection redefines modern urban living by combining sustainability, design and community-focused planning. As Panvel evolves into a major growth hub, this project represents the next step in creating a holistic residential ecosystem.”

The new development has been pre-certified as a Silver-rated Green Building by the Indian Green Building Council (IGBC). Sustainability features include solar installations for common areas, water recycling systems, and EV charging points, aligning with the company’s vision of creating energy-efficient and eco-conscious living spaces.

Impact

Panvel has rapidly emerged as one of the fastest-growing residential zones in MMR, driven by major infrastructure projects such as the Mumbai Trans Harbour Link (Atal Setu), Navi Mumbai International Airport, and improved metro and suburban rail connectivity.

With over 3,500 homes already sold and 2,500 delivered at Nexzone, Marathon’s new phase is poised to capture the rising demand for premium, well-connected homes in the region.

Read More: CapitaLand Investment to Double India Data Centre Capacity to 500 MW with $1 Billion Expansion Plan!

Marathon Nextgen Realty Share Performance 

As of November 12, 2025, at 2:55 PM, the Marathon NextGen Realty share price is trading at ₹586.40 per share, reflecting a surge of 0.78% from the previous day's closing price.

Conclusion

The launch of The Nirvana Collection reinforces Marathon Nextgen Realty’s long-term commitment to sustainable, community-driven real estate development and solidifies its presence as a leading player in Mumbai’s evolving suburban landscape.

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