The realty developer is planning to invest over Rs. 425 crore to develop a residential project Marathon NexZone II in Panvel near Mumbai. This is the second phase of the total 26-acre project It will be financed through internal accruals, customer advances and construction finance.

Demonetization has had a considerable impact on real estate sector. However, larger, organized players who conduct their business transparently like Marathon Group were less impacted.

We would like to congratulate the Finance Minister in presenting a budget that promises economic growth through digitization, rural and skill development and heavy expenditure on infrastructure.

Single window system and the need for industry status are some of the important policies that have been pending for the government nod since long. The single window scheme will result in quick approvals and industry status will help in securing funds from nationalized financial institutions required for construction purpose.