Begin typing your search...

DLF chief leads realty wealth list with Rs 59,030 crore

61% of the top-100 see their wealth rise, while 36 suffer from declining wealth; 25 new faces in GROHE-HURUN India Real Estate Rich List 2023

Realty major DLF’s Chairman Rajiv Singh

Realty major DLF’s Chairman Rajiv Singh

New Delhi: Realty major DLF’s Chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs59,030 crore, according to GROHE-HURUN India. With a wealth of Rs42,270 crore, Mangal Prabhat Lodha and his family of Macrotech Developers (Lodha Group) is at the second position.

On Tuesday, GROHE-HURUN India Real Estate Rich List 2023 was released that ranks 100 individuals from 67 companies and 16 cities. As per the report, 61 per cent of the list saw their wealth increase, of which 25 were new faces, while 36 saw their wealth decrease.

Name Firm Networth (Rs/Cr)
Rajiv Singh DLF 59,030
Mangal Prabhat Lodha Macrotech 42,270
Arjun Menda RMZ Corp 37,000
Chandru Raheja K Raheja Corp 26,620
Niranjan Hiranandani Hiranandani Comm 23,900
Jitendra Virwani Embassy Office Parks 23,100
Vikas Oberoi Oberoi Realty 22,970
Basant Bansal M3M India 16,110
Raja Bagmane Bagmane Developers 16,100
G Amarender Reddy GAR Corporation 15,000

As per the list, Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs37,000 crore. With a fortune of Rs26,620 crore, Chandru Raheja & family of K Raheja Corp, have successfully held onto the fourth position. Hiranandani Communities founder Niranjan Hiranandani was at the 5th position with a fortune of Rs23,900 crore. Jitendra Virwani, 57, is ranked sixth on the list with a wealth of Rs23,100 crore as the founder of Embassy Office Parks.

Vikas Oberoi, the founder of Oberoi Realty, has descended to the seventh position on the list. His wealth stood at Rs22,970 crore. With a wealth of Rs16,110 crore, Basant Bansal & family of M3M India occupy the eighth spot on the list. Raja Bagmane, of Bagmane Developers, ranks ninth on the list with a wealth of Rs16,100 crore.

G Amarender Reddy & family, the founder and chairman of GAR Corporation, made their debut at the tenth position on the list with a wealth of Rs15,000 crore.

The entry point to the top-10 surged from Rs3,350 cr in 2017 to a staggering Rs15,000 cr today. Similarly, the threshold to make it to the top-50 has risen from Rs660 cr in 2017 to Rs1,300 cr presently, said Anas Rahman Junaid, MD and Chief Researcher at Hurun India

Bizz Buzz
Next Story
Share it