Marathon NextGen Realty Limited has announced the launch of Phase III of its flagship township Marathon Nexzone in Panvel, titled “The Nirvana Collection.” With an estimated Gross Development Value (GDV) exceeding ₹600 crore, the project underscores the company’s focus on premium residential offerings and sustainable development in one of the Mumbai Metropolitan Region’s fastest-growing hubs.
Project Overview
Spread across 3 acres, The Nirvana Collection features a RERA Carpet Area of 4.90 lakh sq. ft. and comprises:
- Four premium 28-storey towers
- A mix of 2BHK, 3BHK, and select 4BHK homes
- Two retail floors and four parking levels
- A 70,000 sq. ft. amenity zone offering modern lifestyle facilities
The project is also proposed to be a Silver Rated Pre-Certified Green Building under the Indian Green Building Council, reflecting the company’s emphasis on environmentally responsible construction.
Panvel’s Expanding Growth Corridor
The launch of The Nirvana Collection comes amid a surge in infrastructure development across Panvel, which is fast emerging as a major real estate destination. Key catalysts include:
- Atal Setu (Mumbai Trans Harbour Link) – improving connectivity to South Mumbai
- Navi Mumbai International Airport – nearing operational readiness
- Panvel–Karjat suburban railway corridor – boosting commuter convenience
- Metro expansions enhancing intra-city accessibility
These infrastructure upgrades have significantly strengthened Panvel’s appeal for homebuyers seeking a balance between affordability, connectivity, and quality living.
Track Record of Marathon Nexzone
The Marathon Nexzone township has already achieved impressive milestones:
- Over 3,500 homes sold to date
- More than 2,500 homes delivered with Occupation Certificates
- Around 1,000 homes currently under construction across 16 towers
The success of earlier phases has established the project as one of the most sought-after residential destinations in Panvel.
Management Commentary
Commenting on the launch, Samyag Shah, Director of Marathon NextGen Realty Limited, said:
“Marathon Nexzone began as a vision to create a landmark township in Panvel, and that vision continues to evolve with The Nirvana Collection. This new phase redefines modern living by offering thoughtfully designed homes, curated experiences, and a strong commitment to sustainability — creating a truly self-sufficient residential ecosystem.”
Financial Highlights
Marathon NextGen Realty has demonstrated solid financial performance in recent quarters:
| Metric | Value (₹ crore) | YoY Growth |
| Total Revenue | 155.00 | – |
| EBITDA | 80.00 | 29% |
| PAT | 67.00 | 35% |
| PAT Margin | 43% | – |
With a debt-free balance sheet and strong cash flow generation, the company remains well-positioned to capitalize on future development opportunities across the Mumbai Metropolitan Region.
In Summary:
The Nirvana Collection marks a major milestone in Marathon NextGen Realty’s growth story — combining luxury living, sustainable design, and strategic location advantages to cater to the evolving aspirations of urban homebuyers in Panvel.
Disclaimer:
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