Runwal Group Makes A Big Foray Into Commercial Real Estate After Cementing Its Position in Residential and Retail Segments
Mumbai, 30th March 2023: Runwal Group, one of India’s top real estate developers, is a well-known name in the residential and retail real estate business. With the iconic R City, R Mall and R Galleria in retail and numerous residential projects across MMR, the group has been a dominant name in the industry.
After its continued success in residential and retail sectors, the group has now forayed into the commercial real estate space with ambitious plans with a proposed investment of Rs. 4,500 crores over a period of 4 years. Runwal Group has recently announced the launch of two premium large-scale commercial developments in MMR – Runwal Commerz at Kanjurmarg and Runwal Edge at Dombivli. Both these projects are situated within township developments offering a holistic lifestyle with all conveniences within a five-minute walk. These are Runwal City Centre, Kanjurmarg and Runwal Gardens, Dombivli. The total initial commercial footprint that the group is looking at is approx. 10.5 million square feet, which includes Pune as well.
In addition to being built to exceed international standards including green certification and Well ratings, these grade-A business spaces will feature grand entrance lobbies, plush foyers and green open spaces.
Speaking on the occasion, Mr Subodh Runwal, Managing Director, of Runwal Group said, “After the continued success of our residential & retail offerings, we are extremely delighted to now unveil our commercial developments. These premium office spaces will cater to businesses in Mumbai and the surrounding areas of Navi Mumbai, Thane and Kalyan. These projects promote the ‘Walk to Work’ concept with sustainable living as the core philosophy, offering occupants & residents a range of world-class facilities along with beautiful green surroundings, all within a five-minute walk.”
Runwal Commerz is a premium business park offering Grade-A workspaces with cutting-edge design and the best facilities and services. It is situated within a 36-acre township – Runwal City Centre at Kanjurmarg, which features luxurious homes, multiple lifestyle amenities, a renowned school, high street retail and an 8-acre Central Park. Runwal Bliss and Runwal Avenue are well-known residential developments in this township.
The second project Runwal Edge, a premium commercial project is located at Dombivli. This state-of-the-art business hub is part of the 115-acre Runwal Gardens township which comprises residences, schools, malls, a retail arcade and health centres.
Upcoming infrastructure projects in proximity to these projects have led to increased demand and provide the potential for commercial property rates to escalate. These include Goregaon-Mulund Link Road, Metro Connectivity across Mumbai, Ahmedabad – Mumbai Bullet Train, Navi Mumbai International Airport, etc.