Marathon Nextgen Realty503101Real estate
Marathon NextGen Realty approved acquisition of an additional 60% stake in the Monte South project for about Rs 335 crore, taking its ownership to 100%
By ScoutQuest · · 1 min read
- Stake acquired
- 60 percent
- Acquisition cost
- 335 odd crores
- New ownership level
- 100 percent
- Funds kept for acquisitions
- 300 crore
- Balance GDV from project
- approximately 7,000 crore
Heard on business television between 12:31:20 - 12:34:20 IST.
- Board approved acquiring the remaining 60% equity stake in Monte South project for approximately 335 crore rupees, raising ownership to 100%.
- Vice Chairman Mayur Shah said funds (around 300 crore rupees) were kept aside from last year's QIP specifically for new project acquisitions.
- Monte South has been among the top three selling projects in the South Mumbai micro-market, with four residential towers (two nearing completion, one under construction).
- Company expects balance GDV of approximately 7,000 crore rupees from the project, with 30-35% EBITDA margin potential.
- Overall project completion timeline estimated at six to seven years, with residential in five-six years and commercial starting next year.
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Audio recording of November 4, 2026 conference call with analysts and investors uploaded on company website
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Marathon Nextgen to buy out Monte South for ₹335 Cr; Q2 FY27 profit falls to ₹45 Cr
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Source: Live TV News Channel · 3 Nov 2026
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