The Group

Runwal Group was established in 1978. Four decades later, the group is amongst the top real estate developers of India and has a huge portfolio that comprises of over 65 projects and millions of square feet of development. The group has brought smiles to more than 30,000 happy families across all corners of Mumbai. Apart from residential projects, the group is also a pioneer in mall development and is well known for its iconic projects – R City and R Mall in Mumbai. The group has a dynamic team of professionals across functions, advanced systems and processes and latest technology, all geared towards achieving customer delight.
The latest in the portfolio are gated community projects such as Runwal Bliss, Runwal Forests, Runwal Pinnacle & Runwal Avenue located in the central suburbs of Mumbai and Runwal Gardens in Dombivli. Each project is spread across a large expanse with beautiful open green spaces and premium amenities, fulfilling the dream of every home-buyer to live in the lap of nature, close to conveniences, away from hustle and bustle even while being in the city.


Board of Directors

Subhash Runwal

Chairman - Runwal Group

A visionary leader, Mr. Subhash S Runwal has created a niche in Real Estate with an unwavering commitment towards excellence in developing the urban landscape of the country. Mr. Runwal’s principle of, “Nothing is impossible with hard work, sincerity and farsightedness” went on to make him one of the top names in the construction business. He is a man who has always believed in facing challenges head on and charting new paths.

A graduate from Pune University, Mr. Subhash S. Runwal completed his Chartered Accountancy in 1967, ranking 5th all over India. After this impressive feat, he went ahead with his professional career & rose quickly through the ranks to be a part of the management in a short span of 9 years.
The pioneer that he is, he led the development of Mulund, and with R Mall, Runwal Anthurium, Runwal Greens & R Square; today Mulund is a bustling suburb which is fondly known as the "Prince of central suburbs."
While Mr. Subhash S. Runwal has been an industry leader, his contribution to the society goes beyond just business. He has led from the front in social causes & has significantly contributed in the fields of Education, Religion & helping people who need medical care.
Mr. Runwal is the recipient of various awards; including the prestigious "Samaj Ratna" award given at The Rashtrapati Bhavan by Her Highness President of India Smt. Pratibhatai Patil on 10th July, 2012.
Mr. Runwal is driven by his guru mantra "Nothing is impossible just we have to focus and work hard"

Subodh Runwal

Managing Director - Runwal Group

Mr. Subodh Runwal is the Managing Director of Runwal Group. A Harvard Business School Alumnus and MBA Graduate from North Eastern University, Boston, he began his innings with the development of R City, one of the best malls of the country. With over two decades of experience in the real estate industry, he brings on board his ‘Nothing is Impossible’ attitude, a unique vision and best management practices.

With his global outlook as well as a keen eye for detail, he is at the helm of a large portfolio spanning across multiple asset classes such as Residential, Retail, and Commercial. With a passion for offering international quality developments, he has been instrumental in the design and development of the group’s large format lifestyle townships in the MMR region. Under his leadership the group has witnessed rapid expansion and exponential growth and today Runwal Group is amongst the top developers of India.
He has represented the group in numerous industry forums and is also close to social causes.
He is one of the promoters of SREF (Subhash Runwal Education Foundation), which provides scholarships for higher education to the deserving and meritorious students.


Leadership Team

Hari Prakash Pandey

Executive Director, Runwal Group

He has a rich and diverse experience of 23 years and has been associated with organizations such as HDIL and ICS Group in the past. An MBA and Chartered Accountant by qualification, he looks after finance, investor relations, corporate strategy, HR, CRM & IT and operations at Runwal Group. His leadership skills have been critical in Runwal Group’s rapid growth.

Rajat Rastogi

Executive Director, Runwal Group

An energetic and dynamic business professional, he has a rich experience of close to two decades across multifaceted leadership roles spanning Business strategy , Finance , Sales & Marketing in organizations such as Lodha Group, Deutsche Bank and Citibank. A post graduate in business & finance, he heads the Revenue & Marketing functions at Runwal Group. Known for his intrapreneurial skills ,he has been the driving force behind Runwal Group’s exponential growth in sales revenues.

Manoj Paliwal

Chief Executive Officer, Affordable Housing, Runwal Group

With a vast and diverse experience of over 3 decades, he handles the entire gamut of affordable housing portfolio at Runwal Group. A Chartered Accountant and Cost Accountant by qualification, he has worked with organizations such as Omkar Realtors, Alkem Laboratories and Cadila Pharmaceuticals etc. With a keen eye for detail, he has been instrumental in the group’s sustained growth.

Lucy Roychoudhury

CEO, Runwal Bliss & CRM Head - Runwal Group

A seasoned real estate professional, she has worked with the top names of the industry such as Shapoorji Group, Oberoi Realty, Hirco & Mahindra Lifespaces over the past 22 years. Her hospitality/hotel management background enables her to manage the customer relationship portfolio efficiently along with the overall operations of Runwal Bliss.

Sujit Shetty

Head Legal - Runwal Group

With over 2 decades of work experience, he has worked with brands such as Oberoi Realty, Radius Developers, K. Raheja Corp and many more. He has in depth knowledge and vast exposure to domains such as corporate law, due diligence, litigation, negotiation, contracts, joint ventures and investment laws.

Linus Noronha

Head Design - Runwal Group

Backed by rich experience which spans a career of almost of 25 years, he has worked with leading real estate brands like Mahindra Lifespaces and Kalpataru. He has also worked with international design houses such as Arif & Bintoak and RMJM in Dubai, in addition to reputed Indian names like Pheroze Kudianavala Consultants. He has a keen eye for detail, great sense of design and aesthetics along with an excellent understanding of the business.

Neeta Shendge

Head HR - Runwal Group

She has almost 3 decades of work experience in the human resources field. She has worked with brands like ATCO and Sheth Developers prior to joining Runwal Group. With deep understanding of business operations as well as soft aspects, she has been driving end to end HR functions for the group which includes recruitments, training & development, payroll and performance.


Business Philosophy

Runwal Group’s belief in ethical trade practices, commitment to offering high-quality residences, the urge to innovate and the customer-centric approach has helped establish it as one of the leading developers in India.

The group’s philosophy is based on the following 5 pillars –

Customer Centricity






Key Achievements

Over Four decades of excellence, countless achievements.

During Runwal Group’s illustrious journey of over four decades, there have been numerous highlights and achievements. Each of these has propelled the group to raise the bar even higher.

A few of these are listed below.

Key achievements of the group
  • R Mall, Mulund - One of the first malls in suburban Mumbai
  • R City Mall, Ghatkopar - One of the largest malls in Mumbai sprawled across 1.2 million sq. ft. of space
  • 1st FDI Investment by GIC
  • Investment from Capita Land, Singapore
  • First Kidzania in Mumbai at R City Mall
  • Launch of Runwal Forests, one of the most successful projects in the region
  • Launch of Runwal Bliss, the largest luxury residential township in eastern suburbs
  • Investment by KKR in Runwal Bliss
  • Completion of Runwal Greens - Mulund West
  • Launch of Runwal Pinnacle, one of the tallest residential projects in Mulund
  • Launch of Runwal Gardens, an iconic 115 acre integrated township in Dombivli
  • Completion of Runwal Forests - Phase 1 at Kanjurmarg
  • Launch of Runwal Avenue, a residential development with integrated high street at Kanjurmarg