Marathon Nextgen Realty Ltd (MNRL), a prominent name in Mumbai's real estate sector, has officially launched The Nirvana Collection, marking the final premium phase of its expansive 25-acre township project, Marathon Nexzone. This new offering is strategically located at Palaspe Phata, just a short 10-minute drive from the newly inaugurated Navi Mumbai International Airport. With the launch of The Nirvana Collection, MNRL aims to cater to the growing demand for high-quality residential spaces in the rapidly developing Panvel micro-market.
Marathon Nexzone has already established itself as a thriving community, having delivered over 2,500 homes and hosting more than 5,000 residents. The Nirvana Collection encompasses four towers that feature premium 2 and 3 BHK residences, with prices starting from ₹98 lakh (all-inclusive). Spanning 3 acres, this phase boasts a total carpet area of around 4.9 lakh sq. ft and a gross development value exceeding ₹600 crore. Residents can also benefit from over 70,000 sq. ft of exclusive amenities, which include landscaped open spaces, sports facilities, wellness zones, and high-street retail options, enhancing the overall living experience.
Samyag Shah, Director of MNRL, emphasized the significance of Nexzone in the company's portfolio, noting its evolution from a conceptual development into a vibrant community. He stated, "Today's buyers prioritize trusted brands with a proven delivery record, excellent connectivity, and premium amenities—factors that The Nirvana Collection at Nexzone effectively addresses." The launch is well-timed, as the recent infrastructure developments, such as the operational Navi Mumbai International Airport and the Atal Setu, have significantly increased real estate demand in the area.
The strategic location of Nexzone places it at the heart of Mumbai's next growth phase, often referred to as Mumbai 3.0. Shah highlighted that the Atal Setu has reduced travel time to South Mumbai to approximately 40 minutes, transforming Panvel from a distant suburb to a desirable residential option. Future developments, including the International Corporate Park in Kharghar and the proposed International Educity project, are set to further enhance the economic landscape of Panvel, making it an attractive location for homebuyers seeking a balance of space and accessibility. The launch of The Nirvana Collection completes Marathon's vision for Nexzone, solidifying its status as a mature residential destination with comprehensive amenities and a vibrant community atmosphere.