Mumbai, 27th Feb, 2020:
Marathon Group - Developer of the year 2018 & 2019 (ET Now, Local Icons -
Midday) has just launched a brand new commercial tower called Marathon
Millennium on LBS Marg, Mulund (W). These premium metro-adjacent offices come
with a future proof location and herald a new change in Mulund's real estate trend.
Mulund,
through the years, has emerged to become one of the hottest real estate
destinations in all of Mumbai owing to its hugely affluent population and
direct road and rail connectivity with the rest of the city. As per LiasesFores
data more than 1200 apartments with an average cost of approxRs. 2 Cr have been
sold directly by builders in the last FY in Mulund alone. This
positions Mulund's market in line with Powai; set to evolve from a premium
residential market to a commercial one too
Enter
Marathon Millennium, a proposed 30 storey commercial tower right opposite the
upcoming Sonapur Metro Station with a total 3 Lac sqft of built up area.
Offering offices from 350 to 10,000 sqft, starting 87.5 lacs + taxes, Marathon
Millennium caters to a wide spectrum of businesses and with numerous upcoming
infrastructural projects like the metro and the Mulund-Goregaon Link Road; aims
to be an address to vie for. Its easy access and last-mile connectivity will
make daily commutes far easier and will serve as a driver for commercial
property values and economic growth. Studies have shown that commercial
properties located within 500m of a station command a premium of about 16% over
similar properties outside this zone
"Our
goal in creating Marathon Millennium is to build a workplace that is designed
for success. The imposing glass facade aims to give businesses of all sizes a
strong future-proof foothold in the market. Additionally, state of the art
services, sustainable practices, and modular floor plans make Marathon
Millennium a grand first step into the commercial future of Mulund." said
Mr. Mayur Shah, MD Marathon Group
A
centralised building management system, multi tier security, green practices,
and energy efficient glass fixtures, Marathon Millennium showcases world class
features handpicked from Marathon's past successful commercial ventures like Marathon
Futurex- with AAA grade offices, home to top brands such as ZEE, Loreal, etc;
Icon at Lower Parel - the first walk-to-work project in Mumbai and Monte Plaza
at Mulund. This large scale project required an estimated investment of 250 Cr
& proposes a revenue of around 375 Cr total.
Mulund
has been Marathon Group's home ground for nearly half a century and the Group
continues to remain at the forefront of its development.
About
Marathon Group -
Marathon
Group is a 50-year-old Mumbai based real estate development company that has
completed over 80 projects in the city. The group is proud to have provided
homes for more than 5,500 families, retail space for 400 retailers and offices
for 350 businesses.
Marathon
is currently building several townships in the fastest growing neighbourhoods,
affordable housing projects, ultra-luxury skyscrapers, standalone towers, small
offices and large business centers, with projects spread across the Mumbai
Metropolitan Region (MMR), with over 18million sqft of land currently under
development, and a plan to deliver more than 15000 homes in the next 5 years.
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