Manoj Punamiya, the dynamic CEO of Royal India Corporation Ltd (RICL), is leading the company through a transformative phase, positioning it as a major player in India’s evolving real estate landscape. Under his leadership, RICL has not only achieved a significant financial recovery but is also laying the groundwork for sustainable growth and innovation.

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Reflecting on RICL's milestones, Punamiya highlights the company’s impressive financial turnaround, by saying: “Our recent successes represent more than just recovery—they mark a new beginning. By addressing past challenges, we’re charting a course for sustained growth aligned with our ambitious vision.”

At the heart of this transformation is the Kalyan Marina project, a landmark development valued in the hundreds of crores. "Kalyan Marina is not just another project; it’s a statement of our commitment to redefining urban luxury. We’re blending elegance with connectivity to set new standards for modern living,” Punamiya asserts. 

This project, expected to generate significant earnings over the next three years, is a key pillar in RICL’s strategy to strengthen its position in the highly competitive real estate market.

Punamiya is equally excited about RICL’s forward-looking initiatives, particularly in high-potential areas such as Juhu and Kalyan APMC. “We are entering a new phase of expansion and innovation. Our focus on these prime locations, like the upcoming Juhu project, is set to generate hundreds of crores in revenue within the next few years,” he explains. 

The company is also exploring a large-scale partnership with MHADA for the Kalyan APMC project, which will include lakh+ square feet of residential and commercial development.

These ventures, alongside RICL’s previously acclaimed projects like Vertu in Wadala, reflect the company's dedication to excellence. "Our past successes inspire us to push boundaries and deliver exceptional urban living environments," Punamiya notes.

In addition to its real estate endeavors, RICL is diversifying into the natural stone industry to tap into the growing global demand for premium materials. 

"This move strengthens our portfolio and aligns with our commitment to sustainable regional and economic growth," he shares.

The company's recent preferential issue, aimed at supporting the Kalyan Marina project, underscores the strong confidence in RICL’s future. With increased promoter stakes, Punamiya is optimistic about maintaining the company's growth momentum.

As RICL continues to shape the future of urban infrastructure and development, Punamiya remains focused on delivering value to stakeholders while driving innovation. "Our goal is to lead the way in India’s dynamic real estate sector while fostering sustainable growth," he concludes.

With Punamiya at the helm, RICL is set to make lasting contributions to India’s real estate future, marked by vision, innovation, and excellence.

 

 

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