Monday, 2 March 2020

Marathon Group spearheads Mulund's evolution into a commercial hub - Launches Marathon Millennium on LBS Marg



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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