Marathon NextGen Realty Ltd. has announced strong financial results for Q2 FY26 and unveiled a significant expansion of its residential portfolio in Bhandup, Mumbai, with the launch of three new residential towers.

Q2 FY26 Financial Highlights

• Total revenues: ₹155.00 crores
• EBITDA: ₹80.00 crores (51.61% margin)
• Profit after tax: ₹67.00 crores (43.23% margin)
• Area sold: 65,845 sq.ft.
• Booking value: ₹166.00 crores
• Collections: ₹191.00 crores

The company successfully raised ₹900.00 crores through a Qualified Institutional Placement (QIP), achieving a net cash position post-QIP and significantly strengthening its balance sheet.

New Bhandup Project Details

The new launch in Bhandup encompasses three key components:

The new residential project within the 6.5-acre Neo Park layout spans 5,100 sq.mt. of land, contributing significantly to the overall development.

Neohomes: Catering to Urban Lifestyles

These new towers fall under Marathon's Neohomes category, designed to meet the needs of modern urban dwellers. The Neohomes concept offers:

• Thoughtfully crafted apartments
• Fitness centre
• Rooftop garden
• Children's play area
• 24x7 security

Ongoing and Upcoming Projects

Marathon has ongoing projects across key locations including:

• Monte South in Byculla
• Nexzone in Panvel
• Neo series projects in Bhandup

The company announced upcoming launches including:

• Monte South Commercial (7.50 lakh sq.ft.)
• Nexzone Phase III (4.90 lakh sq.ft.)
• Marathon Neo Series (15.82 lakh sq.ft.)

Strategic Amalgamation

A board-approved amalgamation arrangement is designed to streamline corporate structure, with the merged entity having 418 acres of land and developable area potential of 4.20 crore sq.ft.

Track Record and Market Position

Marathon has already established a strong presence in Bhandup, having delivered over 700 Neohomes in the area. The company's consistent track record is evidenced by:

• Neosquare project receiving its Occupancy Certificate
• The next phase nearing completion

Bhandup: An Emerging Residential Hub

Bhandup's appeal as a residential destination is growing, supported by:

• Robust connectivity
• Infrastructure upgrades (e.g., Goregaon–Mulund Link Road)
• Upcoming Shangrila Metro Station
• Growing ecosystem of educational institutions, retail, healthcare, and commercial spaces

Management Commentary

Kaivalya Shah, Director of Marathon NextGen Realty Limited, commented on the launch: "We are excited to launch another project in Bhandup — a location that has been integral to Marathon's growth journey. Over the years, the area has transformed into one of Mumbai's most promising residential destinations, driven by connectivity upgrades and lifestyle infrastructure. The Neo Park development perfectly aligns with this growth story, offering a combination of smart design, trusted execution, and long-term value."

This new launch not only strengthens Marathon's portfolio in the Bhandup micro-market but also reaffirms the company's commitment to delivering modern, high-quality housing at scale. As the real estate market in Mumbai continues to evolve, Marathon NextGen Realty appears well-positioned to capitalize on the growing demand for quality residential spaces in emerging localities.

Marathon NextGen Realty Limited has announced the launch of Phase III of its flagship township, Marathon Nexzone, in Panvel. Dubbed 'The Nirvana Collection', this new phase represents a significant expansion of the company's presence in the rapidly developing Panvel region.

Project Details

The Nirvana Collection spans approximately 3 acres and boasts an estimated RERA Carpet Area of around 4.90 lakh sq.ft. The development comprises:

• Four premium towers, each 28 storeys high
• A mix of 2BHK, 3BHK, and select 4BHK homes
• Two retail floors
• Four parking levels
• A 70,000 sq.ft. amenity zone

The project's estimated Gross Development Value exceeds ₹600 crore, highlighting its scale and potential impact on the local real estate market.

Sustainability Focus

The Nirvana Collection is proposed to be a Silver Rated Pre-Certified Green Building by the Indian Green Building Council. This certification underscores Marathon NextGen Realty's commitment to sustainable development practices.

Panvel's Growing Appeal

The launch of The Nirvana Collection comes at a time when Panvel is experiencing significant growth. The area's appeal has been boosted by recent infrastructure developments, including:

• The Atal Setu (Mumbai Trans Harbour Link)
• The newly inaugurated Navi Mumbai International Airport
• Enhanced metro connectivity
• The Panvel-Karjat suburban railway corridor

These improvements have positioned Panvel as an attractive location for homebuyers seeking a balance of connectivity, affordability, and quality of life.

Marathon Nexzone's Track Record

The Nirvana Collection builds on the success of the existing Marathon Nexzone development:

• Over 3,500 homes sold to date
• More than 2,500 homes delivered with Occupation Certificate
• Approximately 1,000 homes under development across 16 towers

Management Commentary

Samyag Shah, Director of Marathon NextGen Realty Limited, commented on the launch: "Marathon Nexzone began as a vision to create a landmark township in Panvel, and today that vision continues to grow stronger with The Nirvana Collection. This new phase redefines modern living by creating a self-sufficient residential ecosystem and planning of thoughtfully designed homes & curated experiences with a strong focus on sustainability."

Financial Performance

In its recent financial results, Marathon NextGen Realty reported:

The company's strong financial performance, coupled with its debt-free status, positions it well for future growth and expansion in the Mumbai Metropolitan Region's real estate market.

As Panvel continues to evolve into a key residential and commercial hub, Marathon NextGen Realty's latest offering appears well-timed to capitalize on the area's growth potential. The Nirvana Collection represents not just an expansion of the company's portfolio, but also a testament to its confidence in Panvel's future as a prime real estate destination.