Who Are India’s Richest Self-Made Real Estate Tycoons?

If you ask anyone which sector can make the most of money, you will get the real estate sector.

So let’s explore the top 10 tycoons of the real estate world in Indian lands. The Indian real estate market is poised to “fire on all cylinders.” China has 105 real estate billionaires with a GDP of roughly $17 trillion, while the United States has around 32 billionaires with a population that is just one-quarter that of India. Next decade, on its way to $10 trillion GDP, India’s real estate wealth generation may outpace the United States and dramatically close the gap with China.

Rajiv Singh.

Rajiv Singh, India’s biggest real estate mogul, entrepreneur, and DLF chairman, with a net worth of INR 59,030 crore. Along with insurance, retail, and hospitality, Delhi Land and Finance (DLF) has entered the cricketing world by acquiring the Indian Premier League (IPL) sponsorship rights. Rajiv Singh’s father, KP Singh, has been included in India’s real estate tycoons and is still the chairman of DLF. KP Singh has received the Padma Bhushan, one of the country’s highest civilian honours.

Mangal Prabhat Lodha and family.

Mangal Prabhat Lodha is one of India’s wealthiest real estate tycoons, with a net worth of about INR 42,270 crore. He founded the Lodha group, subsequently backed by his family, now called the Mangal Prabhat Lodha family. Lodha accomplished his company’s long-awaited IPO in 2021. Lodha is behind constructing the opulent 75-story luxury tower in the heart of Mumbai. 

Arjun Menda and his family.

Arjun Menda and his family of RMZ Corp debuted in third place on the list, with a fortune of Rs 37,000 crore. His sons, Raj Menda and Manoj Menda, are in charge of the RMZ Group’s day-to-day actions.

Chandru Raheja and family.

Chandru Raheja, the 81-year-old Chairman of K Raheja Corp, is one of India’s wealthiest real estate tycoons with a wealth of 26,620 crores. The company’s broad portfolio has over 20 million square feet of office space leased across Mumbai, Navi Mumbai, Pune, and Hyderabad. K Raheja Corp is now led by his sons Neil and Ravi, and the business recently listed a part of its commercial investments with the help of the Mindspace Business Parks REIT. The purchases are held in collaboration with Blackstone.

Niranjan Hiranandani.

The Hiranandani group was founded in the late 1970s by Niranjan Hiranandani and his brother Surendra Hiranandani. After extending their footprint in the hotels, commercial projects, many home projects, and educational sectors, Hiranandani has reached the list of India’s richest real estate tycoons, with an overall worth of INR 23,900 crore. The Hiranandani Gardens in Powai and the Hiranandani Meadows and Estate in Thane are two of their most successful projects. 

Jitendra Virwani.

Jitendra Virwani, one of South India’s top business tycoons, runs the Embassy Group and is the frontiersperson in constructing warehouses and industrial parks around the country. Jitendra Virwani is one of India’s wealthiest real estate developers, with a net worth of INR 23,100 crore. Hill International Hotel is one of India’s largest private academies. 

Vikas Oberoi.

Vikas Oberoi is one of India’s wealthiest and most well-known real estate tycoons. He has worked hard to create his firm, Oberoi Realty, which he took over from his father, Ranvir Oberoi, with an overall fortune of INR 22,970 crore. He owns the Westin Hotel in Mumbai’s suburbs and is developing the city’s first Ritz Carlton hotel and homes. 

Basant Bansal and family.

Basant Bansal, the Founder and Chairman of the M3M Group, and his family are undoubtedly given the name of India’s wealthiest real estate developers with a fortune of 16,100 crores. The firm is first in Gurgaon and second in the country’s capital, and slowly holding affirmative hold in northern India. They are recognised for creating qualitative homes and commercial products, and the firm has received the honour of ranking ninth on the same list’s ‘Veterans & Young Companies’ category.

Raja Bagmane.

Raja Bagmane, the Managing Director of the Bagmane Developers group in Bangalore, Karnataka, is one of India’s wealthiest real estate tycoons, with an estimated net worth of INR 16,730 crore. Since its foundation in 1998, the firm has pioneered the development of sophisticated and contemporary office spaces. They have produced around 15 million square feet of commercial space and are steadily developing. 

G Amarender Reddy & family.

G Amarender Reddy is one of India’s wealthiest real estate developers and the richest in Telangana, with a fortune of over INR 15,000 crore. His firm, the GAR Group, controls nearly 10 mn. sq. feet of office space in Hyderabad. This family-run firm was founded in 1982, and it is now being led by the next generation of the Reddy family, Havard alumnus Abhinav Ram Reddy. 

Conclusion.

Each year, India’s millionaires’ number has increased to roughly 7.96 lacks. Real estate is one of the industries with the most influence on this list, with the number predicted to double by 2026. India has a long list of real estate tycoons. It would not be erroneous to conclude that the pandemic influenced the sector, but it is slowly and steadily recovering. 

Proofread & Published By Naveenika Chauhan