MARG Limited (formerly known as MARG Constructions Ltd.), is an Indian construction company, based in Chennai, Tamil Nadu, India . MARG Limited was incorporated on 16 December 1994.
Timeline
1995: May: MARG announced an IPO (Raised Rs. 12 million) and began trading on the Bombay Stock Exchange 2006: Obtained the Government of Puducherry's concession for the development of a modern port at Karaikal 2009: January: MARG launches Pushpadruma an apartment project at Kalavakkam on the Old Mahabalipuram Road in Chennai. 2009: May: Swarnabhoomi Academy of Music Envisioned by Prasanna Launched 2010: January: Karaikal Port flags off its first railway cargo 2010: February: MARG Puduvai Marathon in association with the Rotary Club of Pondicherry 2010: March: MoU signed with Virginia Tech, USA to set up Virginia Tech MARG Swarnabhoomi campus 2011: August: MARG Karaikal Port Launches Container Handling Services 2011: August: Marg Institute of Design & Architecture, Swarnabhoomi launched at MARG Swarnabhoomi 2011:November: Virgo Inaugurated at MARG Swarnabhoomi 2012: May: MARG signs MoU with Malaysian-based Limkokwing University of Creative Technology 2013: Feb: Bengal Feeder Line launches service between MARG Karaikal Port, Colombo, Hindu Business Line
Real Estate Residential
MARG ProperTies As of 2018, there have been several reported issues in the media related to MARG Properties. Many of these involve delays in handover of the MARG Brindavan project located near Oragadam area in Chennai. The project was launched with a great deal of sensationalism and with the slogan "Goodbye Landlady" and received a affirmative response with its media coverage. However, many of the buyers who had booked apartments with this project in late 2010 and in 2011 have reported no handover of these flats as of April 2018. This was also shot up with the arrest of the Chairman of MARG Group, G.R.K Reddy in November 2017 after a complaint was filed against him for cheating a buyer worth Rs. 25 lacs. The complainant had said that despite paying the money, MARG properties had not provided the apartment he has purchased.
Also in September 2017, MARG properties was one of the two builders penalized by Tamil Nadu Real Estate Regulatory Authority (TNRERA) for non-registration of projects before the deadline as proposed by the Authority.
References
External links Official Website