Runwal Realty, the brand of Runwal Developers Ltd., has been building across Mumbai since 1978, when Subhash Runwal founded the company in Sion. Over nearly five decades the developer has delivered 35 completed residential, commercial, and retail projects amounting to 11.22 million sq ft across Mumbai, Thane, and Pune. Today the company is led by Managing Director Sandeep Runwal — an alumnus of IIM Bangalore and Harvard Business School who joined the firm in 1993 and has since steered it into the luxury and lifestyle segment. That trajectory brought Runwal Realty to Lokhandwala Complex in Andheri West, one of the western suburbs' most consistently high-demand micro-markets, where the developer delivered Runwal Elegante.
Within the developer's western-suburbs portfolio, Lokhandwala Complex represents its sharpest entry into established, high-net-worth residential territory. The company's other active western-suburbs address is Runwal Auris in Malad West. Lokhandwala sits geographically between those two nodes — Malad to the north and the Andheri business corridor to the east — and was chosen for Elegante precisely because the micro-market absorbs large-format luxury apartments at a depth few other western-suburb locations can match.
Runwal Elegante sits on P Tandon Marg, Phase D, Lokhandwala Complex — immediately behind Infiniti Mall, one of Andheri West's major retail anchors. The project is spread over 5 acres and comprises three towers, each rising to 30 floors, with a total of 434 luxury apartments. The residential floors begin at the eighth level; the seven podium levels below are dedicated entirely to car parking, keeping the living floors elevated above street noise and activity.
The project's most cited engineering distinction is The Sky Promenade — a rooftop garden that physically connects all three towers at a height of 400 feet above sea level, described at launch as Mumbai's first such inter-tower aerial garden. Club Estella, the project's amenity club, is ready to use and covers lifestyle facilities including a swimming pool, gymnasium, badminton court, kids' play area, amphitheatre, pool lounge, and a sky deck. Residences are available in 2.5 BHK, 3 BHK, 4 BHK, and 5 BHK configurations, with carpet areas starting at 937 sq ft and extending to approximately 2,750 sq ft for the largest 5 BHK formats. The project carries MahaRERA registration number P51800003620 and is currently ready to move.
| Configuration | Carpet Area (approx.) |
|---|---|
| 2.5 BHK | 937 sq ft |
| 3 BHK | 1,360 – 2,275 sq ft |
| 4 BHK | 1,369 – 1,670 sq ft (carpet); up to 3,000 sq ft (saleable) |
| 5 BHK | 1,870 – 2,308 sq ft (carpet); up to 2,753 sq ft |
Lokhandwala Complex, originally developed as a residential township between 1983 and 1985, has since matured into one of Andheri West's most recognised addresses. The locality attracts high-net-worth residents, entertainment-industry professionals, and NRI investors in roughly equal measure — a buyer profile that aligns with Runwal Realty's luxury-and-lifestyle positioning established across its South Mumbai addresses (Runwal Raaya in Worli, Runwal Malabar, Runwal Reserve, and Runwal Residence) and now mirrored in the western suburbs.
On connectivity, the micro-market benefits from multiple arterial options. D.N. Nagar Metro Station on Line 1 (the Versova–Ghatkopar corridor) sits approximately 1 km from the complex, Azad Nagar station is roughly 1.5 km away, and Andheri Station — a junction of the Western Railway and Metro Line 1 — is about 2 km out. S.V. Road and Link Road both pass through or border the area, giving residents direct routes to the Western Express Highway. The upcoming Versova–Bandra Sealink, planned within roughly 15 minutes of the locality, is expected to further tighten connectivity between Andheri West and South Mumbai.
On the social infrastructure side, Mithibai College, Narsee Monjee College, and Ryan International School are within the locality's academic catchment. Infiniti Mall — immediately adjacent to Runwal Elegante — anchors the retail environment, while the Lokhandwala Market itself is one of western Mumbai's busiest daily commercial strips. The area's hospital and dining infrastructure serves a resident base that has historically demanded urban completeness rather than just housing.
Lokhandwala Complex has recorded steady upward price movement. Average property rates in the micro-market have risen approximately 8.4% over the past year and around 26.6% over the past three years, with the average transaction rate for flats running near ₹29,246 per sq ft on registered data, while listed rates in the broader Lokhandwala pocket average closer to ₹43,350 per sq ft. The locality's active redevelopment cycle — driven by 40-year-old buildings being replaced by high-rise towers — is reshaping supply toward larger, higher-specified apartments, which reinforces demand for projects like Runwal Elegante that are already built and possession-ready at scale.
Real estate observers note that Lokhandwala Complex is emerging as a high-potential vertical growth zone comparable in trajectory to central Mumbai redevelopment corridors. The shift toward luxury housing and the entry of institutional-scale developers into the Andheri West belt are markers that the micro-market has moved well beyond its mid-density origins. For a Runwal Realty buyer, the significance of Elegante being ready to move — in a locality where much competing supply is still under construction or in redevelopment — represents a concrete differentiation on timing and certainty.
Lokhandwala is not Runwal Realty's first footprint in the western suburbs. The developer also operates R Square, its commercial asset in Andheri, as part of a diversified platform that includes R City Mall in Ghatkopar. This retail and commercial presence in the Andheri corridor pre-dates Runwal Elegante and reflects the developer's reading of the western suburbs as a sustained growth geography — not a one-project entry. The company's current active western-suburbs residential address, Runwal Auris in Malad West on New Link Road at Kanchpada, extends the same format further north: large-format 3 BHK and 4 BHK homes in a low-density setting, consistent with the Elegante template applied in Lokhandwala.
For buyers evaluating Runwal Realty in this geography, the developer's pattern across the western suburbs — selecting established micro-markets with HNI residential absorption, building at meaningful scale (5 acres in Lokhandwala, 16 acres in Malad), and introducing architectural features with a discernible first-of-its-kind quality (The Sky Promenade at Elegante; low-density planning at Auris) — reflects a consistent product philosophy rather than a one-off project decision.
