Marathon Nextgen Realty buys three Mumbai developers for Rs 70 crore
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Marathon Nextgen Realty’s Nexzone arm spent Rs 70 crore in cash to acquire controlling 51 % stakes in three Mumbai‑area developers, adding a Rs 840 crore project pipeline.
- Acquisition details: Nexzone bought 51 % of DVK Developers Pvt Ltd (Rs 22.48 million), Shree S S Developers Pvt Ltd (Rs 40.27 million) and Shree Swami Samarth Builders (Rs 7.26 million) – all fully funded in cash under SEBI Regulation 30(6).
- Project value: The three firms together hold a gross development value (GDV) exceeding Rs 840 crore (‑ Rs 245 crore for DVK, Rs 385 crore for Shree S S, Rs 210 crore for Shree Swami Samarth).
- Liquidity impact: The cash outflow will trim Marathon’s short‑term liquidity, though the acquired projects could generate future sales once construction is completed.
- Strategic fit: The move gives Marathon end‑to‑end control of land‑to‑delivery in the Mumbai Metropolitan Region, diversifying its pipeline with both mature (Shree S S) and early‑stage (DVK, Shree Swami Samarth) assets.
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