Mumbai: Runwal Group, one of India’s leading real estate developers, announced the launch of a new residential tower – Lily, in their project Runwal Forests located at Kanjurmarg West in Mumbai. This landmark residential township is spread across approx 15 acres of land on LBS Marg. The tower will consist of 48 floors with approx 190 apartments. It will comprise of efficiently planned 3 bed residences and carpet areas of 983 sq.ft and 1129 sq.ft approximately. The unique feature of this tower is that it will offer spacious air-conditioned residences with 11ft floor to floor height and private decks along with the best views. Residents of the tower can enjoy breath-taking views of central greens, mangroves, Powai Lake and Sanjay Gandhi National Park. Starting at a price of approx Rs. 2.49 cr, apartments at Lily will offer flexible payment plans for added convenience. Construction of this tower is already at an advanced stage.
Situated at a prime location on the arterial LBS Marg, Runwal Forests brings every significant landmark closer. From the strategically important business districts like SEEPZ & BKC to the International Airport, all key hubs of the city are easily accessible. Kanjurmarg enjoys fantastic road, rail and upcoming Metro connectivity. Metro Line 4 and the upcoming station are right outside Runwal Forests, giving it a tremendous connectivity boost.
Speaking on the occasion, Mr. Subodh Runwal, Managing Director, Runwal Group said, “We are delighted to announce the launch of the new tower, Lily at Runwal Forests. This is the finest tower of the township and its residences are designed to offer the very best. Our aim is not to create just living spaces, but an entire community ecosystem comprising of homes, health, conveniences, entertainment and other lifestyle amenities. We are constantly trying to add elements which will delight our consumers. We have associated with the leading brands of the country to provide services such as a health clinic, pre-school and day care at Runwal Forests. This has always been a much sought after address and we are certain this new tower will also generate a great response.”
Runwal Forests located at Kanjurmarg, is a perfect blend of connectivity, convenience and lifestyle. The project will feature thoughtfully designed facilities such as a health clinic within the premises by a leading healthcare institution. The project will also offer a holistic growth & learning experience to little children with another top brand providing pre-school & day care services within the premises. Residents will also have other conveniences such as convenience store, bakery and pharmacy within the premises.
Residents of Runwal Forests can pamper themselves with a wide range of recreational amenities such as cricket ground, 35,000 sq.ft clubhouse, multiple swimming pools, landscaped gardens, sports & fitness amenities and much more. Runwal Group has already delivered Phase 1 comprising of 7 towers and Runwal Forests is already a vibrant community of approx 1200 happy families.
Kanjurmarg has grown rapidly and has become a much sought-after destination amongst home buyers. It is a well-developed location with a cosmopolitan population. It has excellent social and civic infrastructure and is in close proximity to top-notch educational institutes, business hubs, healthcare facilities, hotels, shopping destinations and great natural surroundings. Situated just 10 minutes from Powai, it offers all Powai’s advantages at a far more attractive price.
Mumbai: Runwal Group, one of India’s leading real estate developers, announced the launch of an upcoming residential tower- Park View, in their project Runwal Avenue located at Kanjurmarg East in Mumbai. Part of a larger overall development, the project is spread across approx 5.5 acres of land. The tower will consist of 47 floors with 290+ habitable units. It will comprise of efficiently planned 1, 2 and 3 bed residences with carpet areas approximately ranging between 401 sq. ft and 804 sq. ft. The unique feature of this tower is that it will offer private decks in multiple configurations, a luxury in Mumbai. Even a 1BHK home will offer a private deck, which is rarely available. Starting at approx Rs. 1.05 cr., apartments at Park View will provide panoramic views of the surroundings in addition to fresh air and an elevated lifestyle.
Situated at the arterial location of Kanjurmarg, Runwal Avenue brings every significant landmark closer to you. From the strategically important business districts like SEEPZ & BKC to the International Airport, every key hub of the city is easily accessible. Kanjurmarg enjoys fantastic road, rail and upcoming Metro connectivity which will further boost the residential living experience in the area.
Speaking on the occasion, Mr. Subodh Runwal, Managing Director, Runwal Group said, “We are delighted to announce the launch of the new tower, Park View at Runwal Avenue. We are constantly trying to add elements which will delight our consumers. Addition of private decks is a part of this endeavour. We wanted to provide an enhanced lifestyle, at a reasonable value in the heart of the city. The success of previous towers at Runwal Avenue has been outstanding and we are certain this new product category will generate good demand.”
Runwal Avenue located at Kanjurmarg, is a perfect blend of connectivity, convenience and lifestyle. The project will feature thoughtfully designed facilities such as a health clinic within the premises by a leading healthcare institution. Runwal Avenue will also have a Wi-Fi-enabled business centre space to allow residents to manage their work from home lifestyle. It will also feature ‘Fifth Avenue’ – an integrated high street galleria. The upmarket retail galleria will feature branded stores, restaurants, cafes, salons, and much more.
Residents of Runwal Avenue can pamper themselves with a wide range of amenities such as swimming pools, green open spaces, indoor games, badminton, state-of-the-art gym, yoga, play areas etc. A beautiful public garden of approx 5 acres, situated just a 5-minute walk away will bring the joys of nature and green spaces closer.
Kanjurmarg has grown rapidly and has become a much sought-after destination amongst home buyers. It is a well-developed location with a cosmopolitan population. It has excellent social and civic infrastructure and is in close proximity to top-notch educational institutes, business hubs, healthcare facilities, hotels, shopping destinations and great natural surroundings. Situated just 10 minutes from Powai, it offers all Powai’s advantages at a far more attractive price.
Mumbai: Runwal Group, one of India’s leading real estate developers announced the launch of a new tower ‘Broadway’ in their project Runwal Avenue at Kanjurmarg East, Mumbai. Intended to offer a world class lifestyle inspired by international standards, it will offer a smart lifestyle with a blend of connectivity, conveniences and comforts. Runwal Avenue is a part of a larger township and it will feature multiple high-rise residential towers with all modern amenities.
With 48 proposed storeys, Broadway will feature spacious 1, 2 and 3 BHK residences with efficient designs and very attractive prices. Carpet areas of apartments will range from approx 401 sqft – 760 sqft. Situated at the arterial location of Kanjurmarg, the project brings every significant landmark closer to you. From the strategically important business districts like SEEPZ & BKC to the International Airport, every key hub of the city is easily accessible. Kanjurmarg enjoys fantastic road, rail and upcoming Metro connectivity which will be further enhanced by a 4 line metro interchange hub that has been proposed. This proposed metro hub will be under a kilometer away from Runwal Avenue. The metro Lines 4 and 6 are already under construction and will provide enhanced east-west as well as north-south connectivity. The railway station is just 300 mtrs away and arterial roads like JVLR and Eastern Express Highway are also in close proximity to the project.
Speaking on the occasion, Mr. Subodh Runwal, Managing Director, Runwal Group said, “We are delighted to announce the launch of a new tower – Broadway at Runwal Avenue in Kanjurmarg East. The project is intended to bring the best from international living to the buyers with a blend of retail experiences, green open spaces and premium lifestyle amenities on offer, in addition to excellent connectivity options. Kanjurmarg has already emerged as the new city centre and Broadway will make it the perfect address for world class living.”
Runwal Avenue located at Kanjurmarg, is a perfect mix of connectivity, convenience, natural surroundings and lifestyle. The project will feature thoughtfully designed facilities such as a health clinic within the premises by a leading healthcare institution. Runwal Avenue will also have a Wi-Fi-enabled business centrespace to allow residents to manage their work from home lifestyle. It will also feature ‘Fifth Avenue’ – an integrated high street retail galleria. This will feature branded stores, restaurants, cafes, salons, and much more.
Residents of Runwal Avenue can pamper themselves with a wide range of amenities such as an overall landscape area of approx. 1,00,000 sqft with lifestyle amenities such as swimming pools, jogging track, badminton courts, landscaped gardens, indoor games, state-of-the-art gym, multipurpose court, yoga pavilion, kids play area, creche, aqua gym/Jacuzzi and many more. In addition, a beautiful public garden of over 2,00,000 sqft, situated just a 5 minute walk away will bring the joys of nature and green spaces closer.
Kanjurmarg has grown rapidly and has become a much sought-after destination amongst home buyers. It is a well-developed location with a cosmopolitan population. It has excellent social and civic infrastructure and is in close proximity to top-notch educational institutes, business hubs, healthcare facilities, hotels, shopping destinations and great natural surroundings. Situated just 10 minutes from Powai, it offers all Powai’s advantages at a far more attractive price with a better lifestyle.
In March last year, people across the country were trying to wrap their heads around the novel coronavirus-outbreak. When the World Health Organization declared it a pandemic on March 11, most were already aware of its seriousness. At 8 pm on March 24, 2020, Prime Minister Narendra Modi made a landmark announcement – a nationwide lockdown for 21 days to curb the spread of the coronavirus pandemic in the country. The lockdown continued in some form or the other for the next few months, but businesses were never the same. Schools, colleges started shutting down, big events started getting cancelled, people started donning masks, but the real estate industry continued to pull through, not wanting to incur major losses.
For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector which is one of the country’s largest GDP contributors and also the largest employment generators. As we completed the first anniversary of the unprecedented lockdown, let’s find out from the real estate experts on how the year unfolded for them and understand their key learnings from the days gone by for the day ahead.
From achieving greater maturity and better business models, real estate developers streamlined revenues and innovations, and as they continue to deal with challenges, they are already playing the role of a catalyst in reviving the country’s economy. In a sink or swim situation, the entrepreneurial spirit truly came through – with many reputed developers finding their own way to pivot and carve a niche.
Runwal Group mentioned that during the lockdown, they were already functioning from homes and sales activities never stopped. “All our employees were working from home and were putting more effort than the pre-lockdown period to make sure sales and collections kept rolling. In fact, we were amongst the very few developers in the country who did exceptionally well during the lockdown period as well. We have been using online and digital channels extensively to conduct business during the lockdown. From digital advertising to online meetings and virtual project tours, we have been utilizing every possible avenue to connect with customers, channel partners and vendors. We are already looking at integrated online sales tools to manage the sales flow and customer interactions. We shall further ramp up these channels for use in future as well,” informed Mr. Subodh Runwal, Managing Director, Runwal Group.
Subodh Runwal – Managing Director, Runwal Group
Mr. Runwal further added, “We had ensured the migrant labourers were there at the labour camps all along so that helped us in fast movement when we resumed back after the lockdown. We have been taking care of all health and food requirements of these labourers to ensure they stay within the project and do not pose any health hazard to society at large.”
Another leading developer The Wadhwa Group mentioned that they had introduced a virtual sales experience centre for their customers in these unprecedented market conditions to guide & support their buying decisions by giving them an option to virtually transact. Mr. Navin Makhija, Managing Director, The Wadhwa Group said, “During this pandemic, the consumers have very much realized the importance of owning a well planned, well designed and a well ventilated home – a valuable asset one can always fall back onto. We have always been following a buyer-friendly approach in all our sales and marketing processes. For marketing, we were majorly using digital platforms and portals as people were consuming more digital data and were spending ample time online. For sales, we had a virtual platform with guided tours for clients to bring them closer to reality. Clients too were quite comfortable having initial information and project walkthrough online. In fact, 30% of our sales were coming in through our virtual platforms.”
Navin Makhija – Managing Director, The Wadhwa Group
“We are also carrying out site visits with prior appointments so that we are able to regulate social distancing and ensure safety & well-being of our team members and customers. On-call support, WhatsApp Assistance, virtual site tours and online booking features are made available to enhance the customer’s experience,” Mr. Makhija further added.
In the initial few months of lockdown, the sector was believed to be badly affected however, policies and measures introduced by the Government helped revive the sector recording an upward trend in property buying activity especially in Mumbai. Further, the decision of Maharashtra Government to cut down stamp duty registration fees resulted in sales of nearly 10,000 units per month. Besides, 50 per cent discount in premium payments to developers offering complete waiver in stamp duty to homebuyers and installment facility to pay other developmental charges helped the cash ridden developers largely.
Ashok Mohanani, President -NAREDCO Maharashtra
Applauding the policy measures, Mr. Ashok Mohanani, President – NAREDCO Maharashtra said, “Due to the impact of COVID 19, the Government and the apex bodies came up with plenty of fiscal measures in the past one year to deal with the major challenge of liquidity and tide over the lockdown period. The various measures introduced by the RBI, Union Finance Minister along with both the Central and Maharashtra Government injected liquidity into the market and has already spurred the demand and revived confidence in the real estate industry. Also, the unanimous decision by NAREDCO Maharashtra to waive stamp duty completely on the sales of residential properties till December 31, 2020 added to the home buying euphoria and supported the Government’s efforts to push housing demand in the state. On behalf of the real estate fraternity, we at NAREDCO urge the State Government to extend the reduced 3% stamp duty charges for another two quarters so that home buyers continue to be encouraged and invest in their dream homes.”
Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory
Speaking about the real estate revival Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory said, “The last one year has been a memorable time for the India Real Estate sector. One that the sector will largely remember for its turnaround. Immediately after the announcement of the nationwide lockdown it was largely believed that the real estate sector will see an unprecedented correction in prices, some believed it could be as steep as 20% from the existing levels. Thanks to the policies and measures of both the central and the state government, the sector was saved from undergoing a steep reduction in its prices and instead witnessed a revival in business and volumes. The RBI, taking a cue from the measures announced by the central government, drastically reduced the repo rates leading to reduced cost of borrowing for homebuyers and homeowners. On the other hand, several state governments especially the government of Maharashtra introduced a temporary reduction in stamp duty charges leading to substantially reduced cost of transaction for prospective homebuyers. These measures have been very effective and highly successful in reviving the fortunes of the sector at large.”
Changes aside, what we did notice was a 360-degree shift in the way the real estate sector perceived success. Now it is upto the Government and the entire real estate fraternity to keep the momentum going.
“The real estate sector in India is expected to reach US$ 1 trillion by 2030 and it will contribute 13% to the country’s GDP by 2025. The Government should keep a continuous check in the form of reforms that will give a fillip to the real estate sector and will indirectly help revive the economy which has received a dent due to the impact of the pandemic,” Mr. Mohanani further added.
Commenting on the way forward, Mr. Agarwal explained, “In order to ensure that the momentum continues, the affordable housing industry needs to become a point of focus for all stakeholders. It is this industry that has been hit the most as a result of the lockdowns and subsequent restrictions on travel through public transport. A period of no transaction cost for affordable homebuyers will serve as a short-in-the-arm for demand revival and driving customers to the booking counters. The RBI should also continue the accommodative stance so far as the lending rates are concerned, the same will leave more money in the hands of consumers who have or will avail home loans.”
After one year of lockdown, the pandemic has taught the real estate industry to align, adapt and amend businesses as well as reinforce the strategies so as to make the most of the ongoing situation and this is what new normal means to them.
Mumbai: Runwal Group, one of Mumbai’s leading real estate developers announced the launch of their new project “Runwal Avenue” at KanjurmargEast, Mumbai. Runwal Avenue will offer a smart lifestyle with a blend of connectivity, conveniences and comforts. The project is proposed to have 6 high-rise residential towers comprising of smart 1 and 2 BHK residences with efficient designs and very attractive prices, starting at just Rs.81 lakhs. Situated at the arterial location of Kanjurmarg, Runwal Avenue brings every significant landmark closer to you. From the strategically important business districts like SEEPZ & BKC to the International Airport, every key hub of the city is easily accessible. Kanjurmarg enjoys fantastic road, rail and upcoming Metro connectivity which will be further enhanced by a 4 line metro interchange hub that has been proposed at Kanjurmarg. This proposed metro hub will be under a kilometer away from Runwal Avenue and it will transform Kanjurmarg into a mega city centre. The metro Lines 4, 6, 3 and 14 are to converge at the proposed Metro Interchange Hub which will connect Kanjurmarg to locations such as Andheri, Thane, Badlapur and Colaba. So, places such as Versova, Cuffe Parade, Nariman Point, SEEPZ Wadala and many more will be closer to Kanjurmarg than ever before.
Speaking on the occasion, Mr. Subodh Runwal, Managing Director, Runwal Group said, “We are delighted to announce the launch of our new project Runwal Avenue at Kanjurmarg East.With the proposed metro interchange hub being nearby, residents will be able to enjoy faster connectivity to all parts of the city. Life at Runwal Avenue is not just about the exquisitely designed homes it offers, but also about a lifestyle with indulgences such as recreational amenities, high street and green open spaces. Runwal Group will continue to delight its customers through developments which are a blend of thoughtful design, quality construction and superior lifestyle.”
Runwal Avenue located at Kanjurmarg, is a perfect blend of connectivity, convenience and lifestyle. The project will feature thoughtfully designed facilities such as a health clinic within the premises by a leading healthcare institution. Runwal Avenue will also have a Wi-Fi-enabled business centre space to allow residents to manage their work from home lifestyle. It will also feature ‘Fifth Avenue’ – an integrated high street galleria The upmarket retail galleria will feature branded stores, restaurants, cafes, salons, and much more.
Residents of Runwal Avenue can pamper themselves with a wide range of amenities such as swimming pools, green open spaces, indoor games, badminton, state-of-the-art gym, yoga, play areas etc. A beautiful public garden of approx. 5 acres, situated just a 5 minute walk away will bring the joys of nature and green spaces closer.
Kanjurmarg has grown rapidly and has become a much sought-after destination amongst home buyers. It is a well-developed location with a cosmopolitan population. It has excellent social and civic infrastructure and is in close proximity to top-notch educational institutes, business hubs, healthcare facilities, hotels, shopping destinations and great natural surroundings. Situated just 10 minutes from Powai, it offers all Powai’s advantages at a far more attractive price.
With Maharashtra Government’s recent announcement to relocate the Metro car shed from Aarey Colony to Kanjurmarg, the Kanjurmarg site for the Metro depot is set to become perhaps the city’s biggest Metro hub if materialized. The Kanjurmarg car shed will cater to four metro rail lines, including the proposed 45-km long Badlapur-Vikhroli (Metro 14) route, Colaba-Bandra-Seepz-Kanjurmarg (Metro 3), Swami Samarth Nagar-Lokhandwala-JVLR-Kanjurmarg (Metro 6) and Wadala-Kasarvadavali (Metro 4) corridors.
Recently, MMRDA held a meeting to discuss the transit-oriented development model for Kanjurmarg. “We have 102 acres and it is absolutely feasible to have multiple car depots on this land. The proposal is to have a double-decker car shed so that we can have more stable lines for the various Metro routes. In 5-6 years, Kanjurmarg will become the interchange zone for Metro lines. Through one site, we shall be able to provide easy connectivity to different parts of the city,” said a senior MMRDA official.
Sources said that apart from connectivity, the site will also be commercially developed, providing for offices and shopping malls.
The changing landscape of the Mumbai Metropolitan Region has ensured the rise of prime residential hotspots and one such area that has undergone metamorphosis in terms of infrastructure development over the years and emerged as a great investment avenue is Kanjurmarg. Reputed real estate developers have already established their footprint in Kanjurmarg owing to its future growth potential.
“With excellent connectivity due to Express Highway and the upcoming Metros, access to upmarket lifestyle spots, quality housing and extremely attractive real estate prices, Kanjurmarg is poised for an exponential rise similar to Powai. It is an extremely attractive option for luxury home buyers”, says Mr. Subodh Runwal, Director of Runwal Group.
Kanjurmarg has excellent connectivity with the business districts of Thane, Powai, Vikhroli, Andheri, Airoli and BKC as well as South Mumbai via LBS road, JVLR, Eastern Express highway, SCLR and the Eastern freeway. It’s strategic positioning on the central line provides easy accessibility to both the Harbour and Western lines of the city’s local rail network.
Post the development of metro hub, it can rightly lay claim the most coveted property investment hotspot tag. Today, it is a vibrant, pulsating suburb that boasts of well-developed infrastructure, remarkable connectivity and residential projects that adds a new dimension to luxury living. As compared to the other premium and adjacent destinations such as Ghatkopar, Mulund or Powai, the residential market of Kanjurmarg remains quite attractive.
Runwal Group, one of the India’s leading real estate firms has partnered with EuroSchool, India’s leading K-12 school network to bring world-class schooling to Runwal Gardens, Dombivli. EuroSchool offers a highly engaging curriculum designed on the principles of ‘Balanced Schooling’ for maximising academic and non-academic exposure to its students across its 11 campuses in 6 cities. It also holds the prestige of being India’s First Certified Safe School Network.
Commenting on the association, Mr. Subodh Runwal, Managing Director of Runwal Group said, “At Runwal, we are not creating merely living spaces, but an entire lifestyle ecosystem comprising of residential, entertainment, educational and other lifestyle amenities.
In doing so, we have always believed in partnering with the best names across segments. It is therefore a pleasure for us to partner with EuroSchool. The campus will be located within the township, offering both – the Runwal convenience and EuroSchool assurance – within our flagship project.”
This new EuroSchool campus in Dombivli, will be its 12thin India & 3rdin the city of Mumbai. The new school will not only serve the educational needs of the children of the township; but also of the children in the adjoining region.
We are delighted to expand our footprint in the Mumbai metropolitan region. Through our association with the Runwal Group, we will now be able to offer a holistic educational experience to children in Dombivli! EuroSchool believes in the philosophy of providing its students with an ocean of possibilities.
Our curriculum, in combination with experiential learning, technology-enabled delivery and a focus on inculcating 21st century skills, is designed to guide students in their journey of self-discovery and create learners for life. We look forward to bringing world-class schooling with our certified safety standards to Dombivli residents by 2022!” said Mr. Rahul Deshpande, CEO, EuroSchool.
The new EuroSchool campus at the Runwal Gardens will operate classes from Junior KG upto grade 12 and offer extracurricular activities in yoga, robotics, dance & drama, music, sports, and specialised performing arts/languages amidst many more. The new campus will be equipped with technology-enabled classrooms, kid’s play areas, a spacious auditorium and library, and world class laboratories.
The school will also house the best in class sports facilities – a football field, a basketball court, a cricket ground, a skating rink and a half Olympic size swimming pool. In addition, EuroSchool offers a Digital Learning Ecosystem with ARGUS, which brings schooling to the home of every student bridging the boundary between school and home. The admissions for the next academic year will start from September 2021.
With over 3600 apartments sold in the last year, Runwal Gardens has emerged as one of the preferred choices for buyers who consider connectivity, convenience and surrounding gentry to be an important factor for buying a property. Spread across 115 acres, it is truly an integrated township in Dombivli. The township has a world-class retail arcade along with a plush street which is dotted with cafes and eatery joints.
There are schools, offices and a Multispecialty Hospital within its premises. This township is designed to fulfil all your basic requirements, and all your lifestyle related needs will be taken care of in an exclusive way. This thoughtfully built property has an expanse of lush green grass, huge green open spaces with a central park of approximately 11 acres in size, over 1800 trees and more than 14 spell-binding gardens and parks; making joy truly evergreen. Most of the apartments face the gardens and bring you beautiful views of nature.
