CarVal Investors of US Invests Private Equity In Runwal Housing Group

PRLog (Press Release) – Sep 18, 2008 – 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. These funds will be utilized to complete the Runwal Seagull project of 696 flats at Hadapsar. This is amongst one of the few FDI projects in Real Estate at Pune. 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 the project Runwal Seagull at Hadapsar.


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 Rupees 3.25 lakhs to 5.18 lakhs to the customers booking flats under this scheme.   Under this scheme the customer will not have to pay Pre EMIs to the financial institution from which he takes a home loan till the possession of the flat. This will be borne by the Company. Besides the savings this scheme will also offer the customer a total payment holiday upto possession which will benefit him to avoid the double burden of paying rent and the Pre EMIs. It would also free him from the compulsion of looking for a ready possession flat to merely avoid Pre EMI burdens. This scheme is available for a limited period and is an assured saving for the customer and not a discount, Mr. Runwal clarified.




Runwal Seagull project provides all modern amenities to the customers and is near to Magarpatta City, SP Infocity SEZ, Kharadi IT Hub, schools, hospitals and market places.

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