NITCO Limited, a leading name in the tile manufacturing industry, has sold a prime land parcel located in Kanjurmarg East to Runwal for Rs. 232 Cr. The land parcel, spanning 16,250 square meters or 4 acres, is a strategic asset with significant potential.
Situated in a prime location, the NITCO Ltd. land parcel offers excellent connectivity to key transportation links such as the Eastern Express Highway, Jogeshwari – Vikhroli Link Road (JVLR), and Kanjurmarg Railway Station. The area will soon benefit from enhanced accessibility with the upcoming Metro Line No. 4 and 6, further adding to its value and appeal.
About Runwal:
Founded in 1978, Runwal is a major player in Mumbai’s real estate scene. They focus on residential, commercial, and retail projects, with a commitment to putting customer needs first throughout the entire development process. This is reflected in their successful track record of over 42 completed projects, creating happy homes for over 35,000 families. Runwal offers a variety of residential options, including luxury apartments, premium housing, and large-scale townships. They also boast the largest retail mall chain in Mumbai, managing malls like the renowned R City, Ghatkopar. With 14 ongoing projects underway, they continue to develop Mumbai and the surrounding region
