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Adani, Marathon ink joint venture for ₹3,400cr Mumbai project
Adani Realty and Marathon Nextgen Realty are partnering for a major commercial development in Byculla, Mumbai. The project, valued at ₹3,400 crore, will feature office and retail spaces. This collaboration expands their mixed-use offerings in the city. Construction is planned to align with the ongoing residential project's completion. This venture reflects a growing trend of developer alliances for large-scale projects.
cityfalcon.com·4h ago
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Adani Realty, Marathon ink JV for Rs 3,400-crore commercial, retail project in Mumbai’s Byculla
Adani Realty and Marathon Nextgen Realty have partnered to develop a significant commercial project in Byculla, South Mumbai, valued at Rs 3,400 crore. This joint venture will add 1.2 million sq ft of office and retail space to the existing Monte South campus, expanding both developers' footprints in the city's prime real estate market.
cityfalcon.com·17h ago
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Adani Realty forms JV with Marathon Nextgen Realty for Rs 3,400 crore project in Mumbai
Adani Realty and Marathon Nextgen Realty Limited have joined forces for a significant development in Mumbai. The project, named Monte South Commercial, will offer 1.2 million square feet of office and retail space. This new venture is part of the larger Monte South campus. The development aims to create a prime business destination in South Mumbai.
cityfalcon.com·20h ago
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Marathon Nextgen Realty Unveils Major Commercial Project in Mumbai
Marathon Nextgen Realty Limited ( ($IN:MARATHON) ) just unveiled an update. Marathon Nextgen Realty Limited, in partnership with Adani Realty, has ...
cityfalcon.com·1d ago
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Q1 FY26 – Delivers 63% YoY PAT Growth; Strengthens Balance Sheet with ₹900 Cr QIP
Mumbai (Maharashtra) [India], August 14: Marathon Nextgen Realty Ltd., a leading Mumbai-based real estate developer with a legacy of over five decades, reported a strong start to FY26, posting a 63% year-on-year increase in Profit After Tax (PAT) to approximately ₹62 crore for the quarter ended June 30, 2025. The company's Q1 revenue stood at ₹191 crore, while EBITDA rose 27% YoY to ₹81 crore. Profit before tax (PBT) grew 55% to ₹68 crore.
cityfalcon.com·2mo ago

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