From Humble Beginnings to Real Estate Tycoon: The Inspiring Story of Subhash Runwal
Meet Subhash Runwal, a self-made billionaire who rose from a small town in Maharashtra to become one of India's richest real estate developers with a net worth of Rs 11,560 crore.
Subhash RunwalReal EstateMumbaiShah Rukh KhanRanveer SinghDeepika PadukoneReal Estate MumbaiJul 17, 2024
After becoming a CA, Runwal secured a job with Ernst & Ernst in 1967, a lucrative job in the US. However, he soon moved to India after not adjusting to the lifestyle. He then worked with a chemical company but in 1978, he chose to move into real estate. This decision proved to be a turning point in his career.
The chairman of the Runwal Group lives in a sea-front home in Mumbai next to Shah Rukh Khan's Mannat in Bandra. Now considered Mumbai's top real estate entrepreneur, Runwal's first project was a 10,000-square-foot housing society in Thane. Later, the Runwal Group built its first flagship project - Runwal Nagar with 16 towers.
After achieving success in real estate, Runwal entered the steel and pharma industries. Later, he began focusing on creating affordable homes for middle-class people in Mumbai. Then, The Runwal Group ventured into constructing malls after Runwal's sons entered the family business. After constructing the R Mall in Mulund, the Runwals built the R-City Mall in Ghatkopar, spanning an area of 1.2 million square feet.
With a successful career, he has now gathered a wealth of $1.4 billion (approximately Rs 11,560 crore) as of DEC 2023, as per Forbes. He is one of India’s richest real estate developers. Besides Shah Rukh Khan, Runwal also has other popular Bollywood neighbours like Ranveer Singh and Deepika Padukone who spent Rs 119 crore in 2022 to buy a quadruplex in a residential tower next to Mannat.
Information
The Runwal Group is a leading real estate company in Mumbai, founded by Subhash Runwal. The company has developed several projects in Mumbai, including residential societies, malls, and commercial complexes.
The Runwal Group is a renowned real estate company in Mumbai, known for its quality constructions and affordable housing options. The company has been in the industry for over four decades and has developed several iconic projects in Mumbai.
Frequently Asked Questions
Who is Subhash Runwal?
Subhash Runwal is a renowned real-estate tycoon and the chairman of the Runwal Group.
How did Subhash Runwal start his career?
Subhash Runwal started his career as a CA and secured a job with Ernst & Ernst in 1967.
What is the net worth of Subhash Runwal?
As of DEC 2023, Subhash Runwal's net worth is approximately Rs 11,560 crore, according to Forbes.
What is the Runwal Group?
The Runwal Group is a leading real estate company in Mumbai, founded by Subhash Runwal.
What are some of the notable projects developed by the Runwal Group?
Some of the notable projects developed by the Runwal Group include Runwal Nagar, R Mall, and R-City Mall.
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