📋 Tender Overview
Scope : To Build Commercial Real Estate 'Runwal Commerz' in Kanjurmarg, Mumbai, Maharshtra
Runwal Group has forayed into commercial real estate and plans to develop office space over the next four years.
This will is phased development of three commercial real estate project in Mumbai’s Kanjurmarg. It has commenced work on its Kanjurmarg project 'Runwal Commerz'. In the total proposed development, 'Runwal Commerz' will be spread over 13 acres of land as part of a 36-acre integrated township Runwal City Centre. This project will see the development of 3.5 million sq. ft. across three towers.
Overall, the premium office spaces will cater to the businesses in Mumbai and surrounding areas of Navi Mumbai, Thane and Kalyan. These are based on ‘walk to work’ concept, intertwined with a range of premium facilities and green spaces in the vicinity.
Further, the plot is close to the Mumbai Metro line 4 and 6’s interconnection. At the township, the occupation certificate (OC) for two residential towers has been obtained and handover is in process.
Runwal Group plans to fund the investments through a mix of internal accruals and debt. The development will be part of the mixed-use development which offer premium residential project, open green spaces and retail components.
