From the MD’s desk – Our fight against COVID19
Last Updated on, April 10, 2020
First and foremost I hope you and your family are safe and healthy during this crisis.
I wanted to share some updates with you – on how Marathon is operating, what our future looks like at the moment and what measures we are taking.
Firstly, during a global crisis, it is our duty to look out for the ones most impacted – daily wage, low income laborers. Marathon has over 300+ laborers at our sites and we are providing them rations, health-checks, and other assistance. We have established a Labour Relief Fund to support even more workers in the industry. You can learn and contribute to the Fund here.
We truly appreciate that you, as our customers, have placed immense faith and trust in us, and our goal is to serve you as best as we can. Our sales and customer care teams are continuing to work remotely to support you in case you have any queries.
While the scale of the economic impact expected to be caused by Covid-19 is unprecedented, Marathon has always been a financially stable, conservative, and responsible company, and we remain absolutely confident of emerging strongly from this crisis. Our diversified portfolio ranging from commercial and retail, to residential categories, cutting across luxury, premium and affordable segments, and our vast geographical spread of projects across the city stands us in good stead and means that we’re not dependent on any one segment.
In the short term, the industry does face a lot of challenges – for instance, MahaRERA has granted a 3-month extension to all projects. However, we are working on contingency plans that will allow us to restart construction activities at the earliest possible time post the lockdown, so as to keep our projects on track to the maximum extent possible. Our Customer Care team will continue to keep you updated on all developments.
In the medium term, the outlook remains relatively stable with low-interest rates and the reemergence of NRI’s and investors looking to move their portfolios to real estate. In fact, even now we are continuing to see a steady stream of enquiries across projects, so we hope to bounce back from this setback stronger than before. We are offering digital tours of our projects which includes video conferencing with our sales team, videos, 360 tours and more. So in case you or your friends are interested in any of our projects please register for a digital tour.
Thank you for being a part of the Marathon family and stay safe.
Managing Director, Marathon Group