Marathon Nextgen Realty’s Growth Analyzed
Marathon Nextgen Realty (MNRL) saw a positive jump of 1.54% to reach Rs 671.20 after announcing a big new project: Monte South Commercial. This project is being built in partnership with Adani Realty in Byculla, Mumbai. It’s a huge development with a lot of office and retail space – over 1.2 million square feet, and expected to be worth about Rs 3,400 crore.
Key Points
- New project boosts MNRL stock value significantly, rising 1.54%.
- Joint venture with Adani Realty creates a landmark development.
- 1.2 million sq. ft. commercial and retail space is planned.
- Rs 3,400 crore Gross Development Value reflects substantial investment.
- Monte South campus expands, adding more residential towers.
- Strong financial results: profit increased, sales slightly declined.
The Monte South Commercial project is part of a larger area called the Monte South campus. This campus includes four tall residential buildings, each over 64 stories high, offering a total of more than 1.6 million square feet of living space. Construction is progressing well, with one tower already finished and another nearing completion.
Mayur Shah, who leads Marathon Nextgen Realty, believes this new project will be a fantastic addition to Mumbai’s business area. He emphasizes design, efficiency, and long-term value in the development.
Marathon Nextgen Realty is part of the Marathon Group, which has built many real estate projects in the Mumbai area, covering a total space of 20.94 lakh square feet. The company’s profits grew substantially – up 62.7% – to Rs 59.88 crore in the last quarter (Q1FY26).
However, the company’s sales went down a little bit, decreasing by 13.2% compared to the same period last year (Rs 140.81 crore). Despite this small decrease, the company’s financial performance is looking good overall.
“This project sets a new standard for businesses in South Mumbai.” – Mayur Shah, Vice Chairman, Marathon Nextgen Realty.
