Mumbai, January 2026 – Real estate giant Runwal Enterprises has officially secured a ₹5,000-crore cluster redevelopment project in Marine Lines, marking one of the most significant urban transformation initiatives in South Mumbai. The project aims to revamp aging residential structures into modern, high-rise, and sustainable living spaces, addressing both housing quality and cityscape modernization.
The redevelopment will cover multiple old residential clusters in the Marine Lines area, with plans to introduce state-of-the-art amenities, green spaces, and enhanced infrastructure, aligning with Mumbai’s vision for sustainable urban living. This project is expected to create thousands of new residential units, offering contemporary homes to residents while ensuring compliance with safety and environmental standards.
Commenting on the milestone, Mr. Ajay Runwal, Chairman of Runwal Enterprises, said, “This redevelopment is a testament to our commitment to reshaping Mumbai’s skyline and enhancing the quality of life for its residents. We aim to combine modern architectural design with sustainable practices, making Marine Lines a benchmark for urban transformation.”
The redevelopment aligns with Mumbai’s cluster redevelopment initiative, which encourages private developers to replace dilapidated buildings with modern residential complexes while providing rehabilitation to existing residents. The Marine Lines project is expected to generate substantial employment opportunities during construction and contribute significantly to the local economy.
With a project valuation of ₹5,000 crore, this cluster redevelopment will also incorporate smart infrastructure features such as energy-efficient systems, rainwater harvesting, and modern community facilities, positioning it as a pioneering urban renewal project in the city.
Runwal Enterprises, known for landmark residential and commercial developments across Mumbai, continues to strengthen its portfolio in high-value urban redevelopment projects, reinforcing its role as a leader in modernizing Mumbai’s urban landscape.
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