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 Liases Fores data more than 1200 apartments with an
average cost of approx Rs. 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 sq ft of built up area. Offering offices from 350 to
10,000 sq ft, 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