Runwal Group invests Rs 45 billion in commercial real estate
Real Estate

Runwal Group invests Rs 45 billion in commercial real estate

The real estate powerhouse Runwal Group has entered the commercial real estate development market with a plan to build over 10.5 million square feet of office space for an initial investment of Rs 45 billion over the following four years, including the purchase of land.

In phases, the company will build three commercial real estate developments in Viman Nagar in Pune, as well as in Kanjurmarg and Dombivli in Mumbai. Over 1 million square feet of these have already seen construction in the projects Runwal Commerz in Kanjurmarg and Runwal Edge in Dombivli.

In order to finance these developments, Runwal Group intends to use a combination of internal accruals and debt. The mixed-use complexes that incorporate upscale residential projects, sizable open green areas, and retail elements will include these campus-style developments.

After a successful run in the residential and retail sectors, we are now venturing into the commercial sector. The connectivity of the entire region is substantially changing as a result of the infrastructural development in and around Mumbai. These upmarket office spaces will serve companies in Mumbai and its neighbouring business hubs of Navi Mumbai, Thane, and Kalyan.

Also read:
How to be energy-efficient in roofing and cladding
A Tale of Two Cities in a global village


The real estate powerhouse Runwal Group has entered the commercial real estate development market with a plan to build over 10.5 million square feet of office space for an initial investment of Rs 45 billion over the following four years, including the purchase of land. In phases, the company will build three commercial real estate developments in Viman Nagar in Pune, as well as in Kanjurmarg and Dombivli in Mumbai. Over 1 million square feet of these have already seen construction in the projects Runwal Commerz in Kanjurmarg and Runwal Edge in Dombivli. In order to finance these developments, Runwal Group intends to use a combination of internal accruals and debt. The mixed-use complexes that incorporate upscale residential projects, sizable open green areas, and retail elements will include these campus-style developments. After a successful run in the residential and retail sectors, we are now venturing into the commercial sector. The connectivity of the entire region is substantially changing as a result of the infrastructural development in and around Mumbai. These upmarket office spaces will serve companies in Mumbai and its neighbouring business hubs of Navi Mumbai, Thane, and Kalyan. Also read: How to be energy-efficient in roofing and cladding A Tale of Two Cities in a global village

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?