Runwal SOBO Residential

About Runwal SOBO Residential

Runwal SOBO Residential is an upcoming mid-income residential development by Runwal Enterprises Limited, planned on a 178-acre parcel in Village Mithagar, Taluka Murud, Raigad district, Maharashtra. The project is at the Upcoming stage, with a tentative schedule running from FY2026-27 to FY2037-38, so what follows describes a plan and the land beneath it rather than homes you can book today.

The developer's pipeline gives an estimated developable area of about 24.46 million sq ft, which makes this the largest single entry in its upcoming residential schedule, at roughly 54% of a 44.92 million sq ft residential total. In my years watching hill-state and coastal markets, a number that large usually tells you more about the developer's ambition than about the ground under it, and that is the lens this page takes.

Key Highlights

• Positioned as mid-income housing in the developer's upcoming pipeline, a segment that differs sharply from the luxury towers the group is known for in Mumbai.
• Estimated developable area of 24,459,372 sq ft, about 24.46 million sq ft, marked tentative.
• A 178-acre land parcel at Village Mithagar, Taluka Murud, District Raigad.
• Tentative schedule starting FY2026-27 and ending FY2037-38, an eleven-year horizon.
• Pincode 402401, with Palghar about 29 km away as the nearest town.
• Roughly 54% of Runwal's upcoming residential schedule, with 100% economic interest shown in the developer's disclosure.
• Sits within the planned route of the Virar–Alibaug Multimodal Corridor, which runs across Raigad, Thane and Palghar districts.

Location Advantages

Mithagar is a village in the Murud subdivision of Raigad district, governed through Savli Gram Panchayat and the Murud Block Panchayat. Its appeal rests on the road and sea links now taking shape along this stretch of coast rather than on any settled town centre. Palghar lies 29 km away, and the coastal town of Alibaug is the nearest place with an established buyer base for second homes and weekend property. Atal Setu links South Mumbai to Navi Mumbai in about 20 minutes and carries on to Alibaug in roughly 45 to 60 minutes, while the M2M RORO ferry crosses from Mumbai to Alibaug with a car in about 60 to 90 minutes.

The honest concern is timing. The corridor that would put Mithagar on a proper arterial route is still under construction, with full completion targeted for 2030, and the metro proposal is only at feasibility stage. Until those links are open, the drive into the village will depend on existing roads, and buyers should plan their commute around that reality rather than the promise of it.

Location Map — available on request

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What's Nearby: Towns, Transport and Coast

The nearest settlements of any size are the ones you can measure with confidence today:

• Palghar: 29 km, the nearest town and the district-side base for everyday errands.
• Alibaug: a coastal town in Raigad district and the main lifestyle and services hub for this belt, reached by ferry or by road from Mumbai.
• Proposed Navi Mumbai International Airport: about 40 km from Alibaug, which places it within a comfortable drive of the wider coast once the link roads are complete.
• Atal Setu: about 20 minutes to South Mumbai's side of the sea link and 45 to 60 minutes onward to Alibaug.

For the day-to-day checklist of named schools, hospitals and malls, the nearest well-developed options sit in Alibaug and the Navi Mumbai side of the crossing, and any family planning a permanent move should map those routes before committing.

Upcoming Infrastructure Around Mithagar

• Virar–Alibaug Multimodal Corridor (MSRDC): a 126 km, 8 to 14 lane access-controlled expressway under construction at a cost of INR 63,618 crore. Phase I is expected by 2027 and full operation by 2030. For this village, it is the change that would most reshape travel times.
• Virar–Alibaug metro rail: at feasibility stage, with about 40 stations planned. It is a long-range prospect rather than a near-term commute option.
• Navi Mumbai International Airport: near completion, with a launch phase reported for 2025–26, which would bring air travel much closer to the Raigad coast.
• Mumbai–Goa Highway (NH-66) six-lane upgrade: in progress, with rolling completion between 2026 and 2027.
• Karanja–Rewas Creek Bridge: planned as a direct Uran–Alibaug link, expected after 2026.

Price Context for Mithagar and Murud

Buyers looking for a price benchmark for this project will find the most useful reference in the wider Raigad coast rather than the village itself. A 2026 real-estate analysis points out that the coastal connectivity projects have already moved Alibaug property prices, and it expects the Virar–Alibaug corridor to add further upside. Alibaug, not Murud, is therefore the reference market that serious buyers will compare against, and it is where the price story for this belt is currently being written.

The developer's other upcoming project in the same village offers a useful signal of its intent. Runwal SOBO Retail, a tentative retail project at Mithagar, Murud, carries an estimated developable area of 5,016,683 sq ft with a schedule from FY2027-28 to FY2032-33. Retail planned alongside housing usually signals that the developer expects a settled population to support shops and services, which is a point worth keeping in mind when judging how quickly the village could grow.

Launch and Possession Timeline

The project's dated history is short, and it is worth reading closely because each step is about land rather than construction. Facts as on 13 November 2026, from the developer's pipeline disclosure.

• 9 January 2025: public notices issued for the 178-acre Village Mithagar land.
• Land purchase: Evie Constructions Private Limited holds a right to buy the 178-acre Mithagar land under registered agreements for sale, and the purchase is completed only after identified issues are resolved.
• 13 November 2026: the developer's pipeline disclosure lists the tentative project with an FY2026-27 to FY2037-38 schedule.

Construction has not yet started. The project is not yet RERA registered and is not open for sale or booking until registration.

Investment Analysis

• Price against the locality: with no project price yet set against the village, the fairest comparison is with Alibaug, where coastal connectivity has already lifted property values according to recent market reporting.
• Appreciation horizon: the case rests on the corridor and airport arriving on schedule, which points to gains that would show over the second half of this decade rather than in the first two or three years.
• Rental demand: rental demand in Mithagar itself is thin for now, and the stronger rental pool is likely to be in Alibaug, where second-home and holiday demand is established.
• Resale demand: no completed homes exist to trade, so resale liquidity is a question for after handover, when the corridor's status will be clearer.
• Developer context: the group completed 19 projects aggregating 12 million sq ft as of 31.3.26 and has 61 projects in its pipeline, which gives it scale, though its area sold fell from 3.1 million sq ft in FY22 to 2.1 million sq ft in FY26.

Pros and Cons

Pros

• A large, consolidated 178-acre land parcel, which gives the developer room to plan a self-contained community rather than a scattered set of blocks.
• Access to the coast is being built at scale, with the Virar–Alibaug corridor, the airport and the NH-66 upgrade all moving forward together.
• The developer has a strong record in Mumbai, including the completed Runwal Greens in Mulund West and Runwal Forests Phase 1 in Kanjurmarg.
• Mid-income positioning could give the project a broader buyer base than a luxury-only launch would.

Cons

• The land is not yet fully acquired. Evie Constructions holds a right to buy under registered agreements, and completion depends on resolving the landowners' breaches of ceiling regulations and their holding of agricultural land without permission. In hill-state and coastal markets alike, these are the points that decide whether a project proceeds, so they deserve more weight than any brochure.
• The project is not yet RERA registered, so there is no legally recognised project registration or possession commitment to rely on.
• The schedule runs to FY2037-38, a long wait during which plans, costs and the corridor's timing can all shift.
• Metro connectivity is only at feasibility stage, and the corridor is due in full only by 2030, so day-to-day commuting will rely on existing roads for years.

Who Should Buy This

Ideal for: long-horizon investors and families who can tolerate a decade-long timeline and want to be early in a coastal growth corridor. NRIs who plan a Raigad base in the 2030s may also find the story worth tracking.

Not ideal for: buyers who need a home soon, anyone expecting possession within a few years, or those who cannot accept the land-title and registration risks described above.

About the Developer

Runwal Enterprises Limited was established in 2016 and is promoted by Subodh Runwal, operating within the Subodh Runwal Group, which is separate from the older brother's Runwal Realty. The company has completed 19 projects aggregating 12 million sq ft and has filed a Red Herring Prospectus for an IPO. It was ranked second for new residential launches and sales between January 2019 and September 2024, and its Mumbai deliveries include Runwal Greens in Mulund West and Runwal Forests Phase 1 in Kanjurmarg.

FAQ: Frequently Asked Questions

Q: Where exactly is Runwal SOBO Residential located?

A: The project is planned on a 178-acre parcel in Village Mithagar, Taluka Murud, District Raigad, with pincode 402401 and Palghar about 29 km away.

Q: Who is building Runwal SOBO Residential?

A: Runwal Enterprises Limited, established in 2016 and promoted by Subodh Runwal, is the developer named in the upcoming pipeline.

Q: What is the timeline for Runwal SOBO Residential?

A: The tentative schedule runs from FY2026-27 to FY2037-38, and construction has not yet started.

Q: Is Runwal SOBO Residential close to a metro?

A: No metro is operating nearby; the Virar–Alibaug metro rail is at feasibility stage with about 40 stations planned.

Q: Is Mithagar, Murud a good place to invest?

A: The area's case rests on the Virar–Alibaug corridor, the Navi Mumbai International Airport and the coastal link to Alibaug, all of which would lift the village over a long horizon.

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