π Tender Overview
Scope : To Build Commercial Real Estate in Viman Nagar, Pune, 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 commercial real estate project in Viman Nagar in Pune.
The project in Puneβs Viman Nagar will see the development of 1.5 million sq. ft. on a 10-acre land parcel owned by the developer. Five towers in this township have already been delivered and the handover of three more towers is currently in progress following the receipt of statutory OC last week.
Runwal Group plans to fund the investments through a mix of internal accruals and debt. The developments will be part of the mixed-use developments which offer premium residential project, open green spaces and retail components.