Mulund is shaping up to be the new hotspot for businesses
Last Updated on, June 24, 2020
Marathon Millennium addresses the need for premium, future-proof real estate for small and medium businesses.
Of all the parts of Mumbai that see a flourishing real estate market, Mulund is arguably the most swiftly-developing of them all. The ‘queen’ of the suburbs ticks a lot of boxes – old world charm, peace and quiet, good physical and social infrastructure, plenty of open spaces and green cover, numerous residential societies with very diverse demography, etc.
But while the number of residential properties has grown, and continues to grow, exponentially, the number of premium commercial offerings hasn’t grown at a commensurate rate. It is only now that Mulund’s potential for commercial real estate is getting a lot of attention, and Marathon is at the forefront of addressing this growing market need with two of its projects – Marathon Monte Plaza and Marathon Millennium.
Monte Plaza is the commercial and retail part of Mulund’s most premium development, Monte Carlo. The ready-to-move-in shops and offices here are almost sold out, barring last few office units. In fact, a number of shops, offices and clinics have already opened up for operations.
The demand for quality commercial spaces in the Mulund market is such that Marathon Millennium, a project that is set to be delivered in 2023, is already generating immense interest both amongst end users and investors. Millennium provides world-class Small Business Spaces (SBS) starting 350 sq.ft. and 87.5L*. Let’s look at a couple of factors why we believe Marathon Millennium could be an epicenter for small businesses in the near future.
Probably the most critical parameter, a great location bodes very well for small businesses. Marathon Millennium is situated bang on the LBS road, just metres away from an upcoming metro station. Mulund is also extremely well connected to Thane, via LBS; to Navi Mumbai, via Mulund – Airoli road; to South Mumbai, via Eastern Express Highway and LBS; and also the Western Suburbs via JVLR. In terms of public transport, LBS has multiple buses plying in and out of Mulund, and even the local train stations of Mulund and Nahur are just minutes away. Top-notch connectivity is an incredible advantage for Millennium, and this is bound to get even better with the in-progress metro line (connecting Thane and Wadala) that runs through LBS; and the upcoming Goregaon – Mulund Link Road. In fact, because of this superb connectivity, Millennium makes a solid case as a satellite office destination in the central suburbs, for brands that have their head offices elsewhere in across Mumbai.
‘A report by real estate consultants Liases Fores states that the next 4 years will see around 16,000 premium apartments being sold in Mulund alone.’
What is also very interesting to note is the abundance of residential hubs in Mulund. These comprise of a wide range of demography, across a spectrum of economic background – makes for a large existing captive audience for businesses to target, a potential pool for businesses to hire talent from, large number of professionals who might want to set up practice close to their home in Mulund.
The workspaces themselves are a huge driving factor for businesses to make a choice. Millennium’s floor plate is designed in a way that the spaces are flexible, modular and combinable. This means that you can have a small office of 350 sq.ft, combine a couple of units for a bigger office, or go for a large office on an entire floor of 10,000 sq.ft. What this suggests is that, be it a small business, a business looking to expand, a large organization, or even a massive MNC, Millennium is designed to accommodate whatever be the space requirements.
All offices feature large floor-to-ceiling windows that flood the space with natural light and offer great views of the outside. Large column-free sections in the layout also help in offices feeling open, spacious and airy.
Offices also benefit from thoughtful measures like a sewage treatment plant, centralised building management system, environmentally-efficient green building, and multi-tier security.
Marathon Millennium is one of those properties that are not only built-for-purpose but is also aesthetically very pleasing, and the property provides great value-for-money to its clientele.
Look at it from miles away, and Millennium towers over LBS Marg with a stunning glass façade unlike any other. Step in, and you start to experience the abundance of all essential amenities and features – ample parking with valet facility, double-height lobby, high-speed elevators, coffee shop, etc.