Marathon Group launches IT SEZ worth Rs 1800cr

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The USD 2 billion (Rs. 8400 crore) Marathon Group , known for its low-cost land acquisition realty development model and for introducing advanced construction methods in India, today announced its 26-acre Nexzone an IT/ ITeS Special Economic Zone,  near the proposed international airport at Navi Mumbai.

 

The upcoming SEZ is the part of Marathon Group's total 100 acre project, would be completely eco-friendly with LEED certification.

 

In Phase I, 3 million sq ft of high-end IT spaces residential, retail and hospitality space would be developed on the 26 acres of land with an investment of Rs. 900 crore. The total project value of Phase I is expected to be Rs. 1800 crore. The project will have 2.5 lakh sq ft of retail space and a 3-4 star service apartment cum hotel.

 

"The announcement is a celebration of 39 years of customer delight," says Mr. Mayur Shah, Managing Director, Marathon Group. "We continue that rich tradition in this project with our continued focus on two crucial value creators in realty: best locations and global standard project management. Combine these with our low-cost land acquisition model, and you have projects that bring a life-time of customer satisfaction and immense value."

 

"The project is strategically located in IT corridor considering its connectivity advantages in terms of road, sea port and the proposed airport," says Mr. Shah.  "In addition, there is abundance of talent in the Navi Mumbai area. The talent pool could be easily augmented with Thane being a 60-minute drive and Pune a 90-minute drive from the project."

 

The special features of the project include uninterrupted power supply of 1.25 KVA power per 100 sq ft and integrated high-tech security with sophisticated fire detection and fire protection systems. Nexzone will provide IT spaces, retail, residences and walk to work culture to over 15,000 people. 

 

Sourced From: Adfactors Public Relations Pvt Ltd