Marathon Nextgen Realty has received its board’s approval for the proposed development (IT Park) Phase-III at Marathon Futurex Premises, owned by Marathon Realty, Lower Parel, Mumbai. The approximate area under development would be around 1,11,000 sq.ft at 27th, 28th, 29th and 30th (part) floors and the cost of acquisition will be around Rs 111 crore.
Marathon Nextgen Realty focuses on residential and commercial segments. The company’s JV projects include Marathon Monte Carlo, Mulund, which is a residential suit; Marathon Monte Vista, Mulund, which is a 33 story residential tower, and Marathon Monte Plaza, Mulund, which includes retail and offices.
