The awards were announced at a star studded event attended by opinion makers of the Real Estate sector and well-known celebrities from Bollywood, recently.
Talking about the prestigious honour, Mr. Chetan Shah, Vice Chairman, Marathon Group, said, “The vision of Ramniklal Z. Shah, Chairman, Marathon Group, to provide a high value added home at lowest cost is fulfilled. We shall continue and vouch that every year we build 100 homes for this segment.”
Mr. Mayur Shah, Managing Director, Marathon Group said, “It is indeed a moment of honour and pleasure that one of our dream projects has been awarded as the Best Low-Cost Residential project. The credit certainly goes to the Marathon team, its research, innovative design, latest aluminium shuttering technology, planning, strategy, marketing, etc. It is the peoples’ effort that has transformed into a project which offers world-class facilities at affordable rates.”
Marathon Nagari is situated in Badlapur, one of the fastest growing suburbs in Mumbai Metropolitan Region (MMR) which boasts developed infrastructure and connectivity to other parts of the city. In addition the location retains the freshness of the nature, especially, the project which is bestowed with naturally green surroundings. All these factors make Marathon Nagari a viable option for housing.
In a cosmopolitan metro like Mumbai, where land supply is limited and demand for housing is ever increasing, Marathon Group was one of the first few developers to identify the need and importance of township.
“It was our dream to create comfortable housing facilities for the masses and at the same time make them reasonably priced for the target buyers. It gives us immense pleasure to see the accomplishment of the dream in such a way, which is benefitting a large group of customers,” concluded Mr. Shah.
Echoing the success of Marathon Nagari, which sold off all 600 apartments, Marathon Group has recently launched Marathon Nagari NX in the vicinity.
About Marathon Group
Established in 1969, the Marathon Group is known for setting up several benchmarks in the real estate sector. The Group was the first private sector entity to introduce the concept of modern town planning in its projects. The Group is also known for pioneering the concept of low-risk, high-return land bank concept in India. Marathon Nextgen at Lower Parel is the first mixed use urban development project in the heart of Central Mumbai with 36 storey residential tower as Marathon Era and Marathon Innova and Marathon Icon as commercial business spaces in the same campus, with walk-to-work culture. The Group has been honoured with an award by ’Construction Source India 2009’ for Best Urban Design and Master Planning of walk-to-work culture at NextGen campus.
The Group has completed over 70 projects and has a presence across Mumbai Metropolitan Region (MMR) with a total of over 8 million sq ft of land under construction. The Group is known for the innovative product design, timely delivery of project and a trustworthy developer. It has already delivered projects of such categories as high-rise, townships, corporate and IT and retails. The Group’s upcoming project – Marathon Futurex is a green projects, created as per international financial centres’ benchmarking standards. The Group is also coming up with Mini Township at Panvel and already delivered an affordable township at Badlapur. Using the tried and tested model, the Group has successfully developed mill land properties after resolving complex labour issues in Mumbai. The Group is known for introducing advanced construction methods as well as technologies in India. Over a period of 40 years of experience, the Marathon Group has introduced technologies such as PERI, STEN and MIVAN. A public limited company of the Group, Marathon Nextgen Realty Ltd (BSE 503101) is listed on the Mumbai Stock Exchange.