An analogous success story to Shah Rukh’s belongs to his lesser-known however equally illustrious neighbour, who came to Mumbai with simply Rs 100 and constructed a enterprise empire price 1000’s of crores.
India’s financial capital Mumbai is a land of alternatives the place individuals from all around the nation have scripted exceptional success tales. Bollywood famous person is one such story of an outsider climbing to the highest of the trade with none backing. An analogous success story belongs to certainly one of SRK’s illustrious neighbours, who came to the metropolis with simply Rs 100 and constructed a large enterprise empire. Subhash Runwal is now a billionaire and manner richer than his world well-known neighbour.
Who is Subhash Runwal?
Today, 80-year-old Runwal is among the prime builders of the town identified for serving to middle-class households obtain their goals of proudly owning their home. He is the chairperson of the Runwal Group which builds inexpensive to luxurious residences and plenty of purchasing malls.
The story of Runwal begins from a small Maharashtra city known as Dhulia. Growing up he noticed his mother and father wrestle with funds. He studied in Pune and after selecting up a commerce diploma, a 21-year-old Runwal left for Mumbai, with goals of turning into an accountant and simply Rs 100 in his pocket in 1964. He turned a CA and bagged a job with Ernst & Ernst in 1967. He bought a high-paying posting within the US however quickly came again to India after not discovering the life-style appropriate. He then labored with a chemical firm however determined to go his personal manner in 1978 and invested every little thing in actual property.
His first property was 22 acres in Thane, and his first challenge was a ten,000 sq ft housing society in the identical metropolis known as Kirtikar Apartments. He turned a well known identify within the low-cost housing phase. In 1981, he constructed the flagship Runwal Nagar with a 16 tower cluster. He additionally moved into manufacturing metal and pharma merchandise however these companies didn’t discover comparable success.
Nevertheless, the true property enterprise went from energy to energy. The Runwal Group forayed into malls after the entry of his two MBA sons. The opened the primary R Mall in Mulund in 2002 with Bollywood legend Amitabh Bachchan chopping the ribbon. With funding from Singapore Government’s agency they constructed the 1.2 million sq ft RCity Mall in Ghatkopar.
When he began his profession, Runwal lived in a rented “one room-kitchen” in Mumbai’s Kurla space. He then lived in a two-bedroom flat in Ghatkopar, after which a much bigger one in Deonar. He now owns a six-acre Runwal Estate in Pune. Subhash Runwal now lives in a sea-facing residence subsequent to Shah Rukh Khan’s Mannat. He now has a web price of over Rs 11,500 crore ($1.4 billion).
