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MARATHON FUTUREX 1
By MARATHON NEXTEGEN REALTY LTD
RG-MH-28319 · RERA P51900025476 · Last updated on MahaRERA portal: 27 May 2024
Source: official MahaRERA filing
Red flags
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
1 condition is on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
See what the report covers Free either way: .Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
MARATHON FUTUREX 1 is a Commercial project by MARATHON NEXTEGEN REALTY LTD in N.M. Joshi Marg, Lower Parel, Mumbai, 400013, registered with MahaRERA as P51900025476 on 6 Jun 2020. The registration is recorded completed; possession was promised by 30 Jun 2021.
At a glance
Project
- NameMARATHON FUTUREX 1
- TypeCommercial
- Location
- C S NO. 166
- N.M. Joshi Marg
- Lower Parel
- Mumbai
- 400013
- Pincode400013
- RERA no.P51900025476
- ReraGenie IDRG-MH-28319
Builder
- NameMARATHON NEXTEGEN REALTY LTD
- Entity typeCompany
- CINU70100MH1994PTC084037
- Designated DirectorMAYUR RAMNIKLAL SHAH
- DirectorCHETAN RAMNIKLAL SHAH
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on6 Jun 2020
- Promised completion30 Jun 2021
- Revised completionNone
- Buildings1 building record
- Documents filed32 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MARATHON FUTUREX 1 | NA | 2 | 0 | 0 | 0 | 0 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building1
As on 27 May 2024, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
9 of 11 construction stages are filed complete. The stage furthest along is Installation of Lifts, at 90%.
MARATHON FUTUREX 1: 97% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 80% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 90% |
Progress on shared amenities22
As on 27 May 2024, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | Yes | 100% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
| Indoor clubhouse | Yes | 100% |
| Gymnasium | Yes | 0% |
| Food Court | Yes | 100% |
| Exclusive High Speed Lifts | Yes | 100% |
| Cafe | Yes | 100% |
| Outdoor event venue | Yes | 100% |
| Triple Height Entrance Lobby | Yes | 100% |
Parking filed25
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
Land and ownership
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
Certifying professionals and partners
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Partner | Role in project |
|---|---|
| MARATHON NEXTEGEN REALTY LTD | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterDear sir Due to acute shortage and uncertain supply of construction raw material .pleaase revised proposed date of completion need to be revised
Complaints filed with MahaRERA
No complaints on record against this registration.
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 30 May 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 May 2020 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 28 May 2020 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 28 May 2020Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
uploaded 29 Jun 2022
Documents filed32
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: SIGNEDForm 2A - QAC-FUTUREX 1-FY23-24.pdf | 27 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Q4_AC_Form-1_Futurex-1_2024.pdf | 19 Apr 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: FUTUREX12 OC.pdf | 29 Jun 2022 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: futurex from 4.pdf | 17 Jun 2022 |
| Architect’s Certificate on Completion of Project (Form 4)File: futurex from 4.pdf | 17 Jun 2022 |
| Details of encumbrancesFile: [Untitled]_2022021218542700.pdf | 17 Feb 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FUTUREX 1 ARCH.pdf | 3 Aug 2021 |
| Disclosure of sold/ booked inventoryFile: MARATHON FUTUREX 1 SOLD UNSOLD INVERY FORM 29.pdf | 3 Aug 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: MARATHON CA FUTUREX 1_compressed.pdf | 3 Aug 2021 |
| Declaration about Commencement CertificateFile: FUTUREX DCC.pdf | 31 Jul 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: 4_20210730041434.pdf | 31 Jul 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: 1 MARATHON NEXTGEN REALTY LTD_Form 5 of Futurex.pdf | 31 Jul 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCH futurex 1.pdf | 6 Feb 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2a_Engg Certificate Marathon Futurex I-Q2-Sep2020.pdf | 6 Feb 2021 |
| Declaration in FORM BFile: Decl_Form B_Marathon Futurex 1 AND2.pdf | 29 Oct 2020 |
| Proforma of Allotment letterFile: Decl_AFS_Marathon Futurex 1AND 2.pdf | 29 Oct 2020 |
| Copy of the legal title reportFile: TC Futurex 28 May Final.pdf | 30 May 2020 |
| Details of encumbrancesFile: NEC Final Futurex_compressed.pdf | 30 May 2020 |
| Declaration in FORM BFile: Futurex Form B Declaration.pdf | 30 May 2020 |
| Proforma of Allotment letterFile: Decl AFS Futurex.pdf | 30 May 2020 |
| Layout approvalFile: Layout Approval 1 .pdf | 28 May 2020 |
| Building plan approvalFile: Building Approval 2 .pdf | 28 May 2020 |
| Copy of Layout Approval (in case of layout)File: Layout Approval 1 .pdf | 28 May 2020 |
| Building Plan Approval / NA Order for plotted developmentFile: Building Approval 2 .pdf | 28 May 2020 |
| Commencement Certificates / NA Order for plotted developmentFile: CC 1.pdf | 28 May 2020 |
| Commencement Certificates / NA Order for plotted developmentFile: CC 2.pdf | 28 May 2020 |
| PAN CardFile: MNRL.pdf | 25 May 2020 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2_ Engg Certificate Marathon Futurex I.pdf | 24 May 2020 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ca 1.pdf | 24 May 2020 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ca 2.pdf | 24 May 2020 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ca 3.pdf | 24 May 2020 |
| OtherFile: LETTER.pdf | 24 May 2020 |
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Builder: MARATHON NEXTEGEN REALTY LTD
MARATHON NEXTEGEN REALTY LTD has 1 registration on MahaRERA, including MARATHON FUTUREX 1. Its filings disclose no earlier MahaRERA projects. Read the full track record.
Frequently asked questions
What are my rights if MARATHON FUTUREX 1 is delayed beyond 30 Jun 2021?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of MARATHON FUTUREX 1?
The registered promoter entity is MARATHON NEXTEGEN REALTY LTD, a company as per the filing. Its CIN U70100MH1994PTC084037 can be cross-checked on the MCA and GST portals. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in MARATHON FUTUREX 1?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How current is the construction progress shown for MARATHON FUTUREX 1?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
What should I check before booking in MARATHON FUTUREX 1?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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