11 Indian Real Estate Billionaires
India currently has 7.96 lakh millionaires, a number that is increasing with each passing year. By 2026, the number is anticipated to double, and real estate is one of the industries that has had the biggest influence on this list. To put it mildly, the list of real estate tycoons in India is remarkable. The sector was undoubtedly harmed by the pandemic, but it is slowly and steadily rebounding. There are currently 11 real estate billionaires in India, according to the most recent Grohe-Hurun India Real Estate Rich list 2021.
Let’s learn more about the wealthiest real estate developers in India, including their sources of income, lines of business, and general standard of living.
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11 Indian Real Estate Billionaires
1. Rajiv Singh
Worth: INR 61,220 billion
Rajiv Singh, the CEO of DLF and the wealthiest real estate magnate in India, has a net worth of INR 61,220 billion. Delhi Land and Finance (DLF), along with many other industries like insurance, retail, and hospitality, has made a debut into cricket by acquiring the Indian Premier League (IPL) sponsorship rights. KP Singh, the father of Rajiv Singh, is still the chairman of DLF and has frequently been list among India’s real estate billionaires. KP Singh has also received the Padma Bhushan, one of the nation’s highest civilian honours.
2. Mangal Prabhat Lodha and family
Worth: INR 52,970 crore
One of India’s wealthiest real estate tycoons, Mangal Prabhat Lodha has a net worth of about INR 52,000 crore. On the GROHE Hurun India Real Estate Rich List 2021, he is rank second. His family, now known as Mangal Prabhat Lodha and family, has supported him ever since he lay the basis for the Lodha business. In 2021, Lodha completed his company’s long-delayed IPO successfully. The magnificent 75-story luxury skyscraper in the centre of Mumbai was built by Lodha.
3. Chandru Raheja and family
Worth: INR 26,290 crore
One of India’s richest real estate tycoons is Chandru Raheja, the 81-year-old Chairman of K Raheja Corp. Diverse office premises of around 20 million square feet have been lease by the company in Mumbai, Navi Mumbai, Pune, and Hyderabad. His sons Neil and Ravi currently lead K Raheja Corp, which recently listed a portion of its commercial properties under the Mindspace Business Parks REIT. These assets are jointly own by Blackstone, a private equity business.
11 Indian Real Estate Billionaires
4. Jitendra Virwani
Worth: INR 23,620 crore
Jitendra Virwani, one of the top businessmen in South India, is the owner of the Embassy Group and is renown for being a pioneer in the construction of warehouses and industrial parks all over India. One of India’s wealthiest real estate developers, Jitendra Virwani has a net worth of INR 23,260 crore. He is the owner of Hill International Hotel, one of the biggest private schools in India.
5. Vikas Oberoi
Worth: INR 22,780 crore
One of India’s wealthiest and most well-known real estate tycoons is the property magnate Vikas Oberoi. According to the Grohe-Hurun India Real Estate List 2021, he has an overall net worth of INR 22,780 crore. He has worked hard to establish the Oberoi Realty company he took over from his father, Ranvir Oberoi.
6. Niranjan Hiranandani
Worth: INR 22,250 crore
The Hiranandani group was found in the late 1970s by Niranjan Hiranandani and his brother Surendra Hiranandani. With a total net worth of INR 22, 250 crore, Hiranandani has once again joined the ranks of India’s wealthiest real estate tycoons by expanding their presence in the commercial, hospitality, residential, and educational sectors. The Hiranandani Gardens in Powai and the Hiranandani Meadows and Estate in Thane are two of their most successful projects.
7. Basant Bansal and family
Worth: INR 17,250 crore
Basant Bansal, the founder and chairman of the M3M Group, and his family have been list on the 2021 Grohe-Hurun India Real Estate List and are undoubtedly one of the wealthiest Indian real estate developers. According to the ranking per city, the company dominates Gurgaon and comes in second in Delhi as it slowly takes over the northern region of India. The company has the distinction of ranking ninth in the same list’s category for “Veterans & Young Companies” and is well renowned for creating high-end residential and commercial projects.
8. Raja Bagmane
Worth: INR 16,730 crore
According to the Grohe-Hurun India Real Estate List 2021, Raja Bagmane, the managing director of the Bagmane Developers group in Bangalore, Karnataka, is one of the wealthiest real estate tycoons in India with a total net worth of INR 16,730 crore. Since its founding in 1998, the business has taken the lead in creating upscale and fashionable workplaces. They have created over 15 million square feet of commercial space throughout the years, and they are currently expanding steadily.
11 Indian Real Estate Billionaires
9. G Amarender Reddy & family
Worth: INR 15,000 crore
G Amarender Reddy is the largest real estate developer in Telangana and one of the wealthiest in all of India, with assets totaling over INR 15,000 crore. Almost 10 million square feet of office parks are currently own by his company, the GAR Group, in Hyderabad. Abhinav Ram Reddy, a graduate of Harvard University, is the second generation of the Reddy family to take over this family-run company, which was founded in 1982.
10. Ajay Piramal
The Piramal Group’s chairman is Ajay Gopikishan Piramal. The conglomerate Piramal Group is active in a variety of sectors, including real estate, finance, and medicines. The Piramal Group’s real estate division, Piramal Realty, was establish in 2012. Anand Parimal founded it, and it has its main office in Mumbai, India. The business strives to produce top-notch quality, uphold safety, and ensure client centricity while also setting gold standards in architectural design.
The business has been buying valuable land all over India over the years. In 2017, the business received numerous honours and major awards, including Hurun Real Estate Unicorn of the Year and Mercer NDTV Employer Excellence Awards. In 2018, it was also given HT Mumbai Real Estate Awards. Both the Iconic Project of the Year Award and the Luxurious Project of the Year Award were given to Piramal Realty’s Piramal Mahalaxmi project in 2022.
11. Subhash Runwal & family
Worth: INR 11.400 crore
Subhash Runwal, the founder of Runwal Developers, and his family are list among India’s wealthiest real estate tycoons on the Grohe-Hurun India Real Estate List 2021. Subhash Runwal establish his business in 1978 and is well recognise for developing middle-class housing in the Mumbai suburbs. Apart from flats, Mulund’s R Mall was also create by Runwal Developers. Who are now moving on to far larger commercial real estate projects.
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