From Humble Beginnings to Real Estate Empire: The Inspiring Story of Subhash Runwal
Discover the incredible journey of Subhash Runwal, a self-made billionaire and neighbour of Shah Rukh Khan in Mumbai, who built a real estate empire from scratch.
Real EstateMumbaiShah Rukh KhanSubhash RunwalEntrepreneursReal Estate MumbaiJul 22, 2024
Born in Dhule, Maharashtra, Runwal came to Bombay in 1964 with a dream to become a chartered accountant. He started living in a single-room house and worked hard to achieve his goal. By 1967, he landed a job at the prestigious American company, Ernst & Young. However, he soon realized that the American style didn't suit him and returned to India.
Runwal worked in a chemical company for a while before venturing into real estate in 1978. His first project was a 10,000-square-foot housing society in Thane, which marked the beginning of his successful journey. Thereafter, he never looked back.
The Runwal Group executed several notable projects, including Runwal Nagar, an estate comprising 16 towers. After his sons joined the business, the group diversified into mall construction, resulting in R-Mall in Mulund and R-City Mall in Ghatkopar, which sprawls over 12 lakh square feet.
Today, Subhash Runwal resides in a luxurious seaside bungalow in Bandra, adjacent to Shah Rukh Khan's home, Mannat. His neighbourhood also includes Ranveer Singh and Deepika Padukone. After achieving success in real estate, Runwal diversified into the steel and pharma businesses. He has also focused on building affordable houses for the middle-class in Mumbai.
Runwal's story is an inspiration to many, and his dedication to his craft has earned him a place among India's top builders.
Frequently Asked Questions
What is Subhash Runwal's net worth?
Subhash Runwal's net worth is ₹11,500 crores.
What was Subhash Runwal's first project in real estate?
Subhash Runwal's first project in real estate was a 10,000-square-foot housing society in Thane.
Who are Subhash Runwal's famous neighbours?
Subhash Runwal's famous neighbours are Shah Rukh Khan, Ranveer Singh, and Deepika Padukone.
What other businesses has Subhash Runwal diversified into?
Subhash Runwal has diversified into the steel and pharma businesses apart from real estate.
What is Subhash Runwal's focus in terms of affordable housing?
Subhash Runwal has focused on building affordable houses for the middle-class in Mumbai.
Related News Articles
India's Affordable Housing Demand to Surge to 312 Lakh Units by 2030: CII-Knight Frank Report
The cumulative demand for affordable housing in India is projected to reach 312 lakh units by 2030, with a potential market size of ₹67 trillion. The report by Confederation of Indian Industry (CII) and Knight Frank highlights the existing shortage and th
M3M Group Achieves Major Milestone: Clears ₹2,473 Crore Debt on the Back of Strong Sales
In a significant development for the NCR real estate market, M3M Group has cleared a massive ₹2,473 crore debt, bringing its outstanding debt down to ₹1,302 crore. This achievement is a testament to the company's robust sales performance and its ability t
MahaRERA Conciliation Forum: Legality Upheld Amidst Controversy
Mumbai Grahak Panchayat supports MahaRERA Conciliation Forum, citing Section 32 of RERA 2016. FPCE raises concerns over forum's legality, seeking Ministry of Housing and Urban Affairs' intervention.
DRA Homes Sets Rs 1000 Crore Revenue Target and Signs Rashmika Mandanna
DRA Homes, a leading real estate developer, has set a target of Rs 1,000 crore revenue by FY2026-27 and is expanding its presence in Pune and Bengaluru. The company has also roped in Rashmika Mandanna as its national brand ambassador.
India's Real Estate Sector Surpasses China with 36 Billion-Dollar Companies
India's thriving real estate market has taken the lead, boasting 36 homegrown companies valued at $1 billion or more, surpassing China's 30 companies.
Godrej Properties Achieves Milestone with Rs 1,000 Crore Sales in Pune's Godrej Evergreen Square
Godrej Properties successfully sold homes worth Rs 1,000 crore in its new project, Godrej Evergreen Square, located in Hinjewadi, Pune. Launched in November 2024, the project has set a new record for the company in terms of sales volume and value.