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The land parcel, which is located in one of Mumbai's prime area Lower Parel, would be sold to Aethon Developers, an arm of Runwal Developers, as per a regulatory filing
Get latest articles and stories on Business at LatestLY. The Indian real estate sector continued to scale new highs in 2023, defying the tightened monetary policy stance of the Reserve Bank of India (RBI), and also at a time when its counterpart in neighbouring China is in crisis. Business News | Outlook 2024: Defying Challenges, Indian Real Estate Scales New Heights; Steam Remains.
Similar to Khan, his billionaire neighbour and Mumbai's real-estate tycoon Subhash Runwa also had a humble beginning and hardships in his career as he shifted to Mumbai from Dhulia - a small town in Maharashtra, in 1964 with just Rs 10 and dreams of becoming an accountant.
The billionaire left a lucrative job to plunge into real estate. And now he owns a sea-facing house next to Shah Rukh Khan's Mannat