Real Estate Tycoons in India : top 10 moguls
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Real estate is considered the most stable investment in the world. It is the second largest sector providing employment in India, still agriculture remaining number one. Yet the real estate sector has surprisingly emerged as the sector with the greatest wealth and wealth production.
Here is a list of the top ten tycoons in the Indian real estate industry.
Rajiv Singh
Rajiv Singh is a prominent Indian real estate tycoon and the Vice Chairman of DLF Limited, which is one of the largest real estate companies in India. His Net worth isINR 61,220 crore. Delhi Land and Finance (DLF), along with many other businesses such as insurance, retail and hospitality, recently entered the world of cricket with the sponsorship of the Indian Premier League (IPL).
Mangal Prabhat Lodha and family
With a net worth of over INR 52,000 crore, Mangal Prabhat Lodha is one of India’s richest real estate tycoons. He is his 2nd place on his GROHE Hurun India Real Estate Rich List 2021. He laid the foundation for his Lodha Group and has since been supported by his family and their families, now known as his Mangal Prabhat Lodha. Lodha has successfully completed his long-awaited IPO in 2021. Lodha is involved in the construction of his 75-story luxury skyscraper which is very chic in the heart of Mumbai.
Chandru Raheja and family
Chandru Raheja and his family are prominent Indian real estate tycoons and the founders of the K Raheja Corp, one of the leading real estate companies in India. His Net worth is INR 26,290 crore The company was founded in 1956 by Chandru Raheja, and has since grown to become a diversified business conglomerate with interests in real estate, hospitality, retail, and power sectors.
Jitendra Virwani
Jitendra Virwani is a prominent Indian real estate tycoon and the founder and Chairman of the Embassy Group, a leading real estate company that specialises in commercial office spaces. He was born on 29 December 1966 in Mumbai, India. With a total wealth of INR 23,260 crore, Jitendra Virwani is one of the richest real estate developers in India.
Vikas Oberoi
Vikas Oberoi is a prominent Indian real estate tycoon and the Chairman and Managing Director of Oberoi Realty Limited, a leading real estate company in India. He was born on 13 October 1969 in Mumbai, India. With an overall wealth of INR 22,780 crore as per the Grohe-Hurun India Real Estate List 2021, he has worked hard to build his company Oberoi Realty that he took over from his father, Ranvir Oberoi.
Niranjan Hiranandani
Niranjan Hiranandani is a prominent Indian real estate tycoon and the co-founder and Managing Director of the Hiranandani Group, a leading real estate company in India. He was born on 8 March 1950 in Mumbai, India. He has an overall wealth of INR 22, 250 crore.
Basant Bansal and family
M3M Group Founder and Chairman Basant Bansal and his family are included in the Grohe-Hurun India Real Estate List 2021 and are inevitably touted as one of India’s richest property developers. According to city rankings, the company is first in Gurgaon and second in Delhi, gradually conquering northern India. The company, known for developing world-class residential and commercial projects, was also honored to rank him 11th in the Veteran and Young Business category on the same list.
Raja Bagmane
Raja Bagmane is a real estate tycoon based in Bangalore, India. He is the founder and chairman of the Bagmane Group, a leading real estate development company in Bangalore. Bagmane Group is known for its expertise in developing high-quality office spaces, IT parks, and residential properties.
G Amarender Reddy & family
G Amarender Reddy is one of India’s richest property developers and one of Telangana’s wealthiest companies with assets of over 15,000 crore. His company, his GAR group now owns his Park of over 10 million square feet of office in Hyderabad. This family-run business was founded in 1982 by him and is now run by Abhinav Ram Reddy, the next generation of his Reddy family who are Harvard graduates.
Ajay Piramal
Ajay Piramal is a renowned Indian industrialist and businessman who has made significant contributions to the Indian real estate industry. He is the Chairman of the Piramal Group, a diversified conglomerate with interests in healthcare, financial services, and real estate. His Net Worth is INR 25,000 Crores.
Bottom Line
In conclusion, India’s real estate industry has seen significant growth in recent years, with several prominent tycoons leading the way. Rajiv Singh,Mangal Prabhat Lodha and family , Chandru Raheja, Jitendra Virwani, Vikas Oberoi, Niranjan Hiranandani, and the late Basant Bansal are some of the most prominent and successful real estate tycoons in India. These individuals have made significant contributions to the development of modern India, creating iconic projects that have transformed the landscape of Indian cities. With their entrepreneurial spirit, innovative approach, and commitment to quality, they continue to play a key role in shaping the future of India’s real estate industry.
