Marathon Team launches a new tower at its flagship township venture in Panvel – Nexzone

Mumbai (Maharashtra) [India], January 15 (ANI/BusinessWire India): Marathon Group, one of Mumbai’s major genuine estate developers with a existence throughout Mumbai and a portfolio spanning professional, very affordable and luxurious residential and retail, has just launched a new tower at Marathon Nexzone, its flagship township job in Panvel.

The new tower, Daffodil, is the 14th tower in the challenge and the second tower in Stage 2 of the venture. It is a proposed 33 storey tower and provides 1BHK and 2BHK households. The launch rate for the 1BHK is 43.6L (all inclusive) and for the 2BHK is 64.1L (all inclusive).

Marathon has over 2500 customers at its Panvel undertaking previously and has delivered more than 1600 households with OC. Marathon has also handed about 250 furthermore possessions and completed 200+ registrations due to the fact lockdown. The Group has also re-commenced development in complete swing following the lockdown with the plinth amount for the to start with tower in Period 2 finished in a report time of under 4 months.

“Nexzone has the right mix of ready stock and under-building, and also a wide assortment of areas and possession choices, supplying our consumers the option to select out their excellent flat and this bode perfectly for us just after the lockdown. It also allows that Nexzone is a person of the most habitable townships by now – the retail promenade is operational, a hypermarket is established to open up quickly, big shops, faculties, schools are close by and hundreds of families are previously being in Nexzone. We’re also producing immediate progress with the podium features,” reported Samyag Shah, Director, Marathon Team.

The Team experienced launched Phase 2 of the undertaking in Jan 2020 with the first tower, Cedar, observing a excellent response of 120 in addition bookings and revenue of ~55 crore right before the lockdown halted momentum. Having said that, following the lockdown on the again of small-fascination charges, higher need for prepared and 1BHK inventory, and diminished stamp responsibility, the income took off all over again and the Group bought around 255 apartments and generated profits of ~130 crore write-up lockdown, earning it one particular of the quickest-marketing assignments in the location.

“We released 1BHK households for the very first time in the challenge final year and we have observed a large desire for this configuration. This time we are bringing again the considerably in demand 1BHK houses with terraces,” said Rishi Audich, Income Head, Marathon Nexzone.

The 1 BHK residences in Period II are created to reduce lengthy passages and give much more usable carpet location. The areas have huge windows permitting for good ventilation and plenty of natural light. Plenty of storage spaces has also been provisioned like wardrobe niches in the grasp bedroom. The terraces in find 1BHK’s are the emphasize of the flats, overlooking panoramic sights in each individual course. The balconies are 5’4″ deep offering a great deal of area for seating or even a terrace backyard garden.

The Team has nicely-built present flats at its encounter centre and also employs Digital Reality encounters and higher-high-quality online video information to give customers a crystal clear strategy of what they’re heading to get.

Nexzone enjoys an outstanding area inside Panvel. It is quite near the approaching airport and Trans Harbour Sea Website link. It’s situated bang on NH4 and has very good highway and railway connectivity as effectively with the station below 15 minutes away.

“The airport is set to transform the total of Panvel into an airport metropolis or ‘Aerotropolis’ and Nexzone is bang in the middle of this motion,” claimed Samyag Shah.

The township provides various configurations of 1, 2 and 2.5 BHK properties and has a full host of features like a clubhouse, swimming pool, sports courts, indoor games, retail promenade and plenty extra.

To learn extra about Marathon Nexzone and the start gives for the new tower pay a visit to

This story is furnished by BusinessWire India. ANI will not be liable in any way for the articles of this report. (ANI/BusinessWire India)


(This tale has not been edited by Business enterprise Normal staff members and is auto-produced from a syndicated feed.)


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