Romell Group
Mumbai-based private real estate developer founded in 1996, Romell Group builds and sells residential apartments across the city's western suburbs — Borivali, Andheri, Goregaon, Malad, Vile Parle, Mulund — alongside commercial/IT projects, serving end-user homebuyers and NRI investors through direct sales and CREDAI channel partners.
- Company typePrivate
- Founded1990
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Romell Group does
Romell Group, legally Romell Real Estate Pvt Ltd, is a Mumbai-based private real estate developer incorporated in India that constructs and sells residential apartments and commercial/IT projects, primarily across the city's western suburbs of Borivali, Andheri, Goregaon, Malad, Vile Parle, Santacruz, Vakola, Kalina, and Mulund. Founded in 1996 and headquartered at Prius Infinity, Vile Parle (East), the firm reports a 20+ year track record with 60 landmark projects delivered, an installed base of 2,000+ families, and roughly 3 million sq.ft. of housing in the active pipeline. Its product mix spans affordable 1 and 2 BHK flats (e.g., Romell Allure in Borivali East, starting at Rs. 1.53 Crore) through premium 2 and 3 BHK residences in the 620-963 sq.ft. RERA carpet-area range (e.g., Romell Orbis, Ariana, Asrava, Serene), plus commercial/IT assets such as Romell Tech Park and Romell R-Tech.
Romell Group firmographics
Firmographics- Name
- Romell Group
- Legal name
- Romell Real Estate Pvt Ltd
- Website
- https://romellgroup.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Mumbai-based private real estate developer founded in 1996, Romell Group builds and sells residential apartments across the city's western suburbs — Borivali, Andheri, Goregaon, Malad, Vile Parle, Mulund — alongside commercial/IT projects, serving end-user homebuyers and NRI investors through direct sales and CREDAI channel partners.
- Ownership category
- akta.pro rank
Romell Group industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Multifamily (Apartment) Property Management (BPAJAGAD)
Keywords
Where Romell Group is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Romell Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Residential Property Sales: Romell Group generates revenue primarily through direct sales of residential apartments and flats. The company develops and sells residential projects across various Mumbai suburbs including Borivali, Andheri, Goregaon, Malad, Vile Parle, and Mulund. Revenue is one-time per unit sale with no recurring component.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Romell Allure - Affordable 1 & 2 BHK flats in Borivali East |
| Unit Pricing | Pay-as-you-go | Romell Orbis - 1, 2 and 3 BHK in Andheri East |
| Unit Pricing | Pay-as-you-go | Romell Asrava - 2 & 3 BHK in Andheri West |
| Unit Pricing | Pay-as-you-go | Romell Ariana - 2 BHK in IC Colony, Borivali West |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Romell Group product offering
Product offeringCore offering
Romell Group is a Mumbai-based real estate developer that constructs and sells residential apartments (1, 2, and 3 BHK configurations) across the city's western suburbs including Borivali, Andheri, Goregaon, Malad, Vile Parle, and Mulund. The company also develops commercial IT parks such as Romell Tech Park. Projects are sold directly to homebuyers with RERA-compliant carpet-area pricing, available as ongoing, ready-to-move-in, completed, or sold-out inventory.
Product overview
Romell Group is a Mumbai-based real estate developer with over two decades of experience, offering residential and commercial projects across Mumbai's western suburbs. The company's portfolio includes multiple residential projects in key locations including Borivali West (Romell Ariana, Romell Serene, Romell Cornerstone, Romell Euphoria, Romell Empress), Andheri East (Romell Orbis, Romell Amore), Andheri West (Romell Asrava), Goregaon (Romell Aether, Romell Grandeur, Romell Residency), Malad (Romell Rhythm, Romell Diva), Mulund (Romell Vasanthi, Romell Trimurti), and other suburban areas. Projects range from affordable 1 & 2 BHK apartments to premium 3 BHK residences, with various status including Ongoing, Ready to Move In, Completed, and Sold Out. The company also develops commercial IT parks including LEED-certified Romell R-Tech and Romell Tech Park. The product portfolio is organized by location and configuration type, with projects targeting different market segments from affordable housing to luxury living.
Differentiator
Problem solved
Functional benefit
Brands
- Romell Ariana: Premium 2 BHK residential project in I.C. Colony, Borivali West
- Romell Asrava
- Romell Orbis
- Romell Allure
- Romell Cornerstone
- Romell Tech Park
- Romell Espalier
- Romell Arbour
Companies that use Romell Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Romell Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Romell Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CREDAI MCHIcoreRomell Group participates in CREDAI MCHI CP EXPO, an industry event that brings real estate developers and channel partners together. CREDAI MCHI is a leading real estate industry association in Mumbai.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Romell Group competitors and assessment
Company assessmentDirect peers
- Marathon Group: Marathon Group is a Mumbai-based residential and commercial developer with projects in Lower Parel, Mulund, and the western suburbs. It is comparable to Romell as a similar-size Mumbai for-sale developer with mixed residential and commercial exposure (e.g., Romell Tech Park, Marathon Futurex).
- Piramal Realty: Piramal Realty is a Mumbai-focused mid-to-premium residential developer with projects in Mahalaxmi, Lower Parel, Thane, and Mulund. It is comparable to Romell as a similar-size Mumbai for-sale residential builder competing in the same ticket-size band.
- Rustomjee: Rustomjee is a Mumbai-based for-sale residential developer with multiple projects across the western suburbs (Bandra to Borivali). It is one of the closest direct comparables to Romell by city, micro-market, product type, and price band.
- Kanakia Spaces: Kanakia Spaces is a Mumbai-based mid-size for-sale residential developer with projects in Andheri, Borivali, Goregaon, and Powai. It is comparable to Romell as a similar-scale western-suburb residential builder competing in the same micro-markets and 1-3 BHK product mix.
Broad incumbents
- Oberoi Realty: Oberoi Realty is a Mumbai-focused listed developer known for premium and luxury residential projects in Goregaon, Andheri, and Mulund — directly overlapping Romell's core micro-market. It is comparable as a same-city for-sale residential builder with similar product positioning.
- Mahindra Lifespace Developers: Mahindra Lifespace is a listed Indian residential developer with Mumbai projects in the western suburbs and an explicit ESG/sustainability focus. It is comparable to Romell on for-sale residential development, mid-premium positioning, and LEED/IGBC certification strategy.
- Lodha (Macrotech Developers): Lodha is India's largest listed residential developer with a dominant Mumbai presence across luxury, premium, and affordable segments. It is comparable to Romell as a Mumbai-based for-sale residential builder, but operates at significantly greater scale, geography, and capital base.
- Shapoorji Pallonji Real Estate: Shapoorji Pallonji Real Estate is a large Indian developer with Mumbai residential projects in the western suburbs and beyond. Comparable to Romell as a Mumbai for-sale residential builder with similar product mix and on-time delivery reputation.
- Hiranandani Developers: Hiranandani is an established Mumbai residential and township developer with a strong presence in Powai and Thane, and growing western-suburb exposure. It is comparable to Romell as a Mumbai for-sale residential developer with similar premium positioning.
- Godrej Properties: Godrej Properties is a large, listed, pan-India residential developer with a strong Mumbai portfolio. It competes with Romell for mid-premium and premium for-sale apartment demand in the western suburbs, but with stronger brand, larger land bank, and ESG credentials.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Romell Group social profiles
Digital presenceRomell Group compliance and trust
Trust signalCompliance8 records
Romell Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Romell Group leadership team
Management profileNumber of profiles
Profiles4 records
Romell Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Romell Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Romell Group
What does Romell Group do?
Romell Group is a Mumbai-based real estate developer that constructs and sells residential apartments (1, 2, and 3 BHK configurations) across the city's western suburbs including Borivali, Andheri, Goregaon, Malad, Vile Parle, and Mulund. The company also develops commercial IT parks such as Romell Tech Park. Projects are sold directly to homebuyers with RERA-compliant carpet-area pricing, available as ongoing, ready-to-move-in, completed, or sold-out inventory.
Is Romell Group a public or private company?
Romell Group is a private company. It is classified as family owned and is currently operating.
When was Romell Group founded?
Romell Group was founded in 1990. It employs 101 to 250 people.
Where is Romell Group based?
Romell Group is headquartered in Mumbai, India, in the Asia region.
How does Romell Group make money?
One revenue line is on record: residential Property Sales.
Who are Romell Group's main competitors?
Direct peers on record are Marathon Group, Piramal Realty, Rustomjee and Kanakia Spaces. Broad incumbents are Oberoi Realty, Mahindra Lifespace Developers, Lodha (Macrotech Developers), Shapoorji Pallonji Real Estate, Hiranandani Developers and Godrej Properties.
Does Romell Group have an API?
No public API is recorded for Romell Group.
What industry is Romell Group in?
Romell Group's product category is Residential Real Estate Development. Its primary akta.pro industry code is BPAJAGAD, Multifamily (Apartment) Property Management. Its NAICS code is 236117 and its SIC code is 1520.