Marathon Nextgen Realty has received an approval for entering into an agreement to acquire, with effect from January 1, 2018 on a ‘Slump Acquisition basis’ the business undertaking of ‘Marathon Futurex IT Park’ from Marathon Realty. The Board of Directors of the company at their meeting held on December 15, 2017, has given an approval for the same.
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.
