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Marathon Nextgen Realty launches Phase III of ‘Marathon Nexzone’

12 Nov 2025 Evaluate

Marathon Nextgen Realty has launched Phase III of its flagship township -- Marathon Nexzone, in Panvel. The new phase, titled The Nirvana Collection, spans over around 3 acres with an estimated RERA Carpet Area of around 4.90 lakh square feet and an estimated Gross Development of Value in excess of Rs 600 crore. It comprises four premium towers of 28 storeys each, offering a wide range of luxurious 2BHK, 3BHK and select 4 BHK combination homes, along with two retail floors, four parking levels, and a 70,000 square feet stilt-level covered and open to sky amenity zone. Residents will enjoy a range of modern amenities, including a swimming pool with waterfall and jacuzzi, fitness centre with yoga and meditation zones, multi-purpose lawns, pet zone, children’s play areas, co-working spaces, cafe, indoor gaming zones. 

This strategic expansion comes at a time when Panvel is rapidly emerging as one of the most promising destinations in the Mumbai Metropolitan Region. Transformative infrastructure including the Atal Setu (Mumbai Trans Harbour Link), the recently inaugurated Navi Mumbai International Airport, enhanced metro connectivity, and the Panvel-Karjat suburban railway corridor have positioned Panvel as a strategic location offering the perfect balance of connectivity, affordability, and quality of life, making it an ideal setting for Marathon Nexzone's continued growth.

Marathon Nextgen Realty focuses on residential and commercial segments.

Marathon NextgenReal Share Price

463.65 17.05 (3.82%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 437.70
DLF 568.40
Oberoi Realty 1685.35
Ahluwalia Contract(I 784.50
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