Runwal Group ventures into redevelopment, slum rehabilitation realty projects.

Realty developer Runwal Group has ventured into redevelopment of old and dilapidated buildings and slum rehabilitation projects in the country’s financial capital Mumbai with an investment outlay of more than Rs. 1,000 crore in this new business vertical for future growth and portfolio expansion.

As part of this new growth strategy, the developer has acquired a 1-milliion-sq-ft slum rehabilitation project in central Mumbai’s Wadala locality from another real estate company. 

ET