Tag: Subodh Runwal

Latest StoriesRegulatory

Pune Police File FIR Against Runwal Group MD in Land Dispute

PUNE: On Thursday, Pune City Police filed an FIR against Subodh Runwal, Managing Director of Runwal Group, and six others, following a court directive linked to a land dispute in Viman Nagar, Pune. The FIR is lodged at Vimantal Police Station against Subodh Runwal, Ashutosh N Navare, Lucy Roy Chowdhury, MB Agarwal, and three others under various sections of the Bharatiya Nyaya Sanhita (BNS), as reported by officials. This action stems from a directive issued by Judicial Magistrate First Class Dr. DR Dornalpalle on May 16 under Section 175(3) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), instructing the police to…

IndustryLatest Stories

Runwal Enterprises Wins ₹5,000-Crore Marine Lines Project

MUMBAI: Realty developer Runwal Enterprises has secured redevelopment rights for two significant land parcels totaling four acres in Marine Lines and Bandra, with a gross development value exceeding Rs 5,000 crore. These projects will operate under the cluster redevelopment plan in line with Regulation 33(9) of the Development Control and Promotion Regulations (DCPR), which the state government encourages to boost large-scale urban renewal and infrastructure projects. Subodh Runwal, director of Runwal Enterprises, stated, “These agreements are for the redevelopment of two private housing societies on premium land parcels, including rights for the Marine Lines project, which has been stalled for…

IndustryLatest Stories

Runwal Enterprises buys 200 acres in Alibaug for ₹20,000 crore

Here’s a revised version of the content: — Representative AI image Real estate developer Runwal Enterprises has secured a 200-acre land parcel in the coastal town of Alibaug, situated near Mumbai. This acquisition is part of a ₹20,000 crore integrated township project authorized under the Maharashtra Regional and Town Planning (MR&TP) Act of 1966, which regulates large-scale and mixed-use developments in the region. Led by Subodh Runwal, the firm aims to roll out a project that incorporates both residential and commercial facets. Plans include a five-star hotel and social amenities like a golf course, subject to compliance with planning regulations…

IndustryLatest Stories

Runwal Enterprises Secures Sebi Approval for ₹1,000 Crore IPO

Runwal Enterprises, a real estate developer based in Mumbai and promoted by Subodh Runwal, has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) valued at ₹1,000 crore. The proposed IPO will consist of a fresh issue of equity shares with a face value of ₹2 each, with no offer-for-sale component included. The company stated that the proceeds from the IPO will be allocated to support its expansion plans and enhance its balance sheet. Furthermore, there will be a reservation of shares for eligible employees, allowing them to subscribe at a…