The Mumbai-based Runwal Group has recently appointed Dr Mohit Ramsinghani to help drive expansion. In his capacity as Chief of Sales MMR and Head Distribution, Dr Mohit Ramsinghani will be responsible for the Sales and Distribution of the group for the Mumbai Metropolitan Region. Runwal Group is on a growth spree with multiple senior management hires for the business expansion. Since October 2021 the appointment of Ms Sangeeta Prasad as the Group CEO, of Runwal Group has been in the news due to their new growth model.
Incepted in the year 1978, Runwal is one of Mumbai’s premier real estate developers, that operates in the residential, commercial and organized retail verticals. It is a professionally driven organization by Managing Director Mr Sandeep Runwal who is a 1993 batch IIM Bangalore Alumni. The company recorded sales worth over Rs 6,050 crore for the financial year 2021-22, thus, it has always been counted among the large realty developers in the country. The developer has recorded a year-on-year growth of over 30% and has, over the last three years witnessed revenue growth of over 100%. Runwal also holds the second-biggest inventory of land banks in the city of Mumbai.
With operating in the luxury, premium and large-format townships categories in residential development, which help them set a robust track record of 50-plus delivered projects that made over 20 thousand families happy, Runwal today also owns and manages the largest retail mall chain in Mumbai with over 2.5 million sq. mt. of Gross Leasable Area that includes R City Mall – which is one of Mumbai's Biggest Mall, R Mall Mumbai and Thane and R Odeon Mall. In addition, it currently manages a portfolio of 14 plus ongoing projects with almost 15 million sq feet under development across Mumbai, Thane and Pune.
With all that, Runwal Group has acquired over a 20-acre land parcel in Thane near Mumbai from a chemical company PB Global. The company’s last acquisition ‘Codename Enchanted’ which was 25 acres of land parcel at Kolshet Thane was one of the most successful launches in Thane. It was in the news for the highest number of units sold in Q2 2022 as per Index Top Premier League powered by CRE Matrix.
Recently, Runwal has also been honoured with the ‘50 Best Real Estate and Infrastructure Companies’ title by Construction Week. The company has been awarded the ‘Star Realty – Lords of the Land’ award for its excellence in the field of real estate as well. In addition to all this, Runwal has got honoured with other accolades such as the ‘CNBC AWAAZ Real Estate Award’, the ‘Retail Property of the Year’ and many others.
Dr Mohit Ramsinghani who has now been appointed as Executive Vice President of Runwal, will overlook the Sales and Distribution of the group for the Mumbai Metropolitan Region. Dr.Mohit holds a doctorate in strategy and is a management graduate from IIM Ahmedabad. Dr.Mohit began his career as a private banker and in diverse experience of his 18-year career, Mohit has led various successful business models while working for banking behemoths like HSBC, Barclays, and Indusind Bank. In his previous assignments, he has helmed key leadership positions in Shapoorji Pallonji Real Estate and Radius Developers. Additionally, he has managed previous assignments with revenue to the tune of 60 billion INR and Inventory worth 140 billion INR.