Introducing the rich neighbour of Shah Rukh Khan: The real estate tycoon whose net worth is more than Rs 11,560

By Bricksnwall | 2023-12-26

From one crore to eleven,560 crores: the Mumbai premiere of Shah Rukh Khan's affluent neighbour.

Many aspiring performers in Mumbai, the dynamic city of dreams, find inspiration in the success story of Bollywood star Shah Rukh Khan. From an unfilmed upbringing, Khan began his acting career with the Doordarshan serial Fauji and worked his way up to become the embodiment of Bollywood success.

According to The Times of India, Shah Rukh Khan has amassed an incredible net worth of more than Rs 6,300 crore over the past three decades in addition to captivating viewers with his diverse performances, charismatic demeanor, and quick-witted humor. Apart from his acting career, the Bollywood superstar has made a number of investments to diversify his portfolio and raise his net worth every year.

In tandem with Khan's ascent, his well-to-do neighbour also began his trip from modest beginnings in the small Maharashtra town of Dhulia. With just Rs 100, he travelled to Mumbai in 1964. The real estate entrepreneur's success story unfolded, echoing the thoughts of a classic dialogue from Khan's film "Om Shanti Om": "Agar kisi cheez ko dil se chaho, tho puri kainaat usse tumse milane ki koshish mein lag jaati hai. As per Forbes, he has amassed a substantial wealth of approximately Rs 11,560 crore, or $1.4 billion, during the years.

Introduce yourself to Subhash Runwal, the head of the Runwal Group and a well-known personality in Mumbai's real estate market. Living in a beachfront house in Bandra, next door to Shah Rukh Khan, Runwal was formerly an accomplished accountant who took a risk in 1978 and left Ernst & Ernst to enter the real estate market.

Ranbir, who is regarded as one of Mumbai's top real estate developers, started off with a 10,000-square-foot Thane housing society. The Runwal Group then accomplished a significant milestone with the completion of its first flagship project, the 16-tower complex known as Runwal Nagar. Runwal tried diversifying into the steel and pharmaceutical industries after seeing success in real estate, but he could not duplicate his real estate victories. 

He redirected his attention and started building Mumbai's middle-class families cheap homes.

When Runwal's sons joined the family business, the Runwal Group broadened its scope to include mall building. The R-City Mall in Ghatkopar, which spans an astonishing 1.2 million square feet, was developed by the Runwals after Amitabh Bachchan opened the R Mall in Mulund.

The appeal of high-end homes in Mumbai has not diminished, even as Runwal stays close to Shah Rukh Khan at his seaside estate. Bollywood power couple Deepika Padukone and Ranveer Singh paid an incredible Rs 119 crore in 2022 to purchase a quadruplex in a posh residential building near Mannat. This magnificent property has a vast 11,266 square feet of carpet space spread throughout the 16th through 19th levels.