Marathon Nextgen Realty (NSE:MARATHON, BOM:503101) has launched the third phase of its township, Marathon Nexzone, in Panvel, India, according to a Wednesday filing to the Indian stock exchanges.
The new phase, named "The Nirvana Collection", has a carpet area of around 490,000 square feet and an estimated gross development value of over 6 billion Indian rupees. It comprises four towers of 28 storeys each.
The company's shares were up nearly 1% in recent trade.
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