Marathon Nextgen Realty Unveils ₹600 Crore Residential Project in Panvel.

Marathon Nextgen Realty Limited (MNRL) has announced the launch of Phase III of its flagship township, Marathon Nexzone, unveiling The Nirvana Collection. Spanning approximately 3 acres, the new phase features an estimated RERA Carpet Area of 4.90 lakh sq. ft. and a Gross Development Value exceeding ₹600 crore.

The Nirvana Collection comprises four 28-storey premium towers, offering a mix of 2BHK, 3BHK, and select 4BHK homes. The development also includes two retail floors, four parking levels, and a 70,000 sq. ft. stilt-level amenity zone, combining covered and open-to-sky spaces. Residents will have access to a range of modern amenities, including a swimming pool with waterfall and jacuzzi, fitness centre with yoga and meditation zones, multi-purpose lawns, a pet zone, children’s play areas, co-working spaces, a café, and indoor gaming zones.

The township will also feature a two-storey, 70,000 sq. ft. high-street retail promenade, providing easy access to essential and lifestyle services, creating a self-contained urban ecosystem within Marathon Nexzone.

Panvel has been emerging as one of the most promising destinations in the Mumbai Metropolitan Region, thanks to transformative infrastructure such as the Atal Setu (Mumbai Trans Harbour Link), the recently inaugurated Navi Mumbai International Airport, enhanced metro connectivity, and the Panvel-Karjat suburban railway corridor. This strategic location offers a combination of connectivity, affordability, and quality of life, positioning Marathon Nexzone for continued growth.

Since its inception, Marathon Nexzone has sold over 3,500 homes, delivered more than 2,500 with Occupation Certificates, and currently has around 1,000 homes under development across 16 towers. The launch of The Nirvana Collection is expected to further enhance the township’s integrated living experience with premium residences and retail spaces.

Designed as a Silver Rated Pre-Certified Green Building by the Indian Green Building Council (IGBC), The Nirvana Collection emphasizes sustainability with features such as solar panels for common areas, EV charging stations, water-efficient plumbing, recycling systems, and energy-saving technologies.

Commenting on the launch, Mr. Samyag Shah, Director, Marathon Nextgen Realty Limited, said: “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 with thoughtfully designed homes and curated experiences, with a strong focus on sustainability. As Panvel transforms into a key residential and commercial hub, we are excited to offer homebuyers an opportunity to be part of this dynamic future while enjoying an elevated lifestyle.”