Wednesday, September 17, 2008

CarVal Investors of US invests private equity in a Runwal Housing Group Company – Runwal Housing & Townships Pvt. Ltd.

Runwal Seagull at Hadapsar:

Runwal Housing Group and US based CarVal Investors have entered into a joint investment to form a special purpose vehicle Runwal Housing & Townships Pvt. Ltd.

CarVal Investors has invested 49 per cent equity to the tune of 8 million US Dollars in this company of the Runwal Housing Group.

CarVal Investors is a global leader in opportunistic value investing, managing investments in four primary asset classes (Loan Portfolios, Real Estate, Corporate Securities and Special Opportunities) in 35 countries around the globe.

These funds will be utilized to complete the Runwal Seagull project of 696 flats at Hadapsar.

This is amongst one of the few Foreign Direct Investment FDI projects in Real Estate at Pune.

Runwal Seagull, near Ganga Village, Handewadi Road, Hadapsar, in Pune, is close to Magarpatta City, SP Infocity SEZ, Kharadi IT Hub.

Real Estate - Asia (Non-Japan): Mujib Mundewadi:

Mr. Sanjay Runwal, Managing Director of the Runwal Housing Group and Mr. Mujib Mundewadi Director of Carval Investors announced this on the occasion of the launch of the II Phase of Runwal Seagull at Hadapsar.

Mujib Mundewadi is responsible for investments in real estate residential projects in India. CarVal Investors aims to invest in residential housing projects across India primarily in metros and in tier II cities as also in warehousing projects. Prior to joining CarVal Investors in 2006, Mr. Mundewadi spent 11 years with ICICI Bank, the largest private bank in India.

Runwal Housing - A Sanjay Runwal Enterprise:

Runwal Housing Group was established by Mr. Sanjay Runwal in 2001 and has completed 27 residential projects and has over 600 happy customers to its credit.

Runwal Housing has obtained Integrated Management Systems (IMS) Certification along with ISO: 9001:2000, ISO: 14001:2004 and OHSAS 18001:2007.

Runwal Housing Group has plans to set up mega township projects as well as special township projects, in and around Pune.

The Group also has plans to set up an IT Park at Nagpur in near future.

No Pain - Only Gain!: Mega Saver Offer:

Mr. Sanjay Runwal also announced a unique Mega Saver Offer for customers coinciding with the 7th anniversary of the Runwal Housing Group.

The scheme offers saving from Rs. 3.25 lakhs to Rs. 5.18 lakhs to the customers booking flats under this scheme.

This scheme is available for a limited period and is an assured saving for the customer and not a discount, Mr. Runwal clarified.

To know more about the Runwal Seagull Mega Saver Offer:

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  1. Congrats Runwal Housing!

  2. Dear Ravi,

    I had invested in Runwal Housing project after reading your review on your blog. In reality it turned out to be a big nightmare for me and my family. The construction quality of this builder is below sub-staadard levels. See some of the pics on

    and god forbid dont refer this builder to anyone.

    In fact the builder was penalised for lack of services and commitment. See below link