Runwal Group to invest Rs 4, 500 crore in commercial real estate
Top real estate developer Runwal Group has forayed into the development of commercial real estate with a plan to develop over 10.5 million sq ft of office spaces. The firm has planned to initial investment of Rs 4,500 crore over the next four years including the expense of land acquisition.
The company will be developing a total of three commercial real estate projects in phases across Mumbai’s Kanjurmarg and Dombivli, and Viman Nagar in Pune. Of these, it has already started work on nearly 1 million sq ft in its Kanjurmarg project Runwal Commerz and Runwal Edge in Dombivli.