Panvel: Marathon Group, one of the prominent real estate companies in Mumbai, has launched phase II of its flagship township project, Marathon Nexzone in Panvel. After the success of Phase 1 of the project where more than 2,200 apartments have been sold and more than 1,000 homes have already been delivered, Phase II of Marathon Nexzone will bring the much- in-demand 1BHK configuration to the project.
Marathon Nexzone is located just 6 kms. from the upcoming Navi Mumbai International Airport and right on the NH4 Highway. Several upcoming mega-infrastructure projects are extremely promising for the real estate landscape in Panvel. The proposed Trans Harbour Sea link will provide direct road connectivity to the mainland, the upcoming metro corridors, the CST-Panvel elevated AC rail corridor, the proposed 63 hectares commercial hub at Kharghar dubbed ‘BKC II’ and projects like the Virar-Alibaug multimodal corridor make Panvel an incredible investment destination.
Stating that he was very excited to be in the middle of all the infrastructure development around, Samyag Shah, director of Marathon Group informed that some of the original customers have seen an appreciation of more than 120%’.
Marathon Nexzone Phase II is set to have 4 towers of 33 storey each with 20000 sq. ft. of retail space, 30000 sq. ft. of podium amenities. Marathon Group is currently launching the first 2 towers in Nexzone Phase II – Daffodil and Cedar.
“Our ambition is to create great homes with thoughtful floor plans, brilliant views, great lifestyle amenities within a reasonable budget. So, we scouted for locations that had superb growth potential as well as seamless connectivity and conceptualised our Nex series of projects – modern townships with stunning high-rises in future-ready locations. We have launched townships at Badlapur, Panvel, Dombivli, and Kalyan-Shil. Nexzone is one of the best townships we are developing”, said Mayur Shah, MD Marathon Group.
Phase II will have a mix of both 1 and 2 BHK homes with prices starting from Rs. 52 lakhs for 1BHK and Rs. 62 lakhs for 2 BHK. Samyag Shah added that Nexzone has built a strong legacy over the past 9 years, where more than 2200 homes have been sold and over 1000 of them already delivered in a challenging market. Currently, more than 200 families reside in the township. With Phase II we are looking to complete the whole picture by bringing in 1 BHKs at Nexzone.
Marathon Group is a 50-year-old Mumbai based real estate development company that has completed over 80 projects in the city. The group has provided homes for more than 5,500 families, retail space for 400 retailers and offices for 350 businesses.