Top 10 richest realtors: Lodha tops list fourth time

25 Mar 2021 CW Staff

MP Lodha's wealth increased 39% in the year 2020. Lodha Group had the highest revenue from operations among all the real estate developers in India during the pandemic hit year.

Despite the Covid-19-driven slowdown in the real estate sector, the total wealth of the 100 richest builders in India jumped a full 26% year-on-year to Rs 348,660 crore, according to the Hurun rich list.

Lodha was followed by Rajiv Singh of DLF, who stood second in the GROHE Hurun India Real Estate Rich List with a wealth of Rs 36,430 crore. Singh registered an increase of 45% in wealth, backed by a 50% rise in DLF's share price.

Delhi Land and Finance (DLF Limited) is the largest publicly listed real estate company in India, with properties in 15 states and 24 cities. DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore's sovereign wealth fund GIC, has 34 million sq ft of office and retail properties, generating an annual rental income of Rs 3,500 crore.

With a 70% increase in wealth to Rs 26,260 crore, Chandru Raheja and his family of K Raheja Corp moved up two spots to the third spot. It has over 20 million sq ft of office space, making it the second-largest commercial developer.

Top 10 richest real estate tycoons in India:

Rank	Entrepreneur	Company	Net Worth (Rs in crore)
1	Mangal Prabhat Lodha & family	Lodha Group -Macrotech Developers	Rs 44,270
2	Rajiv Singh	DLF	Rs 36,430
3	Chandru Raheja & family	K Raheja	Rs 26,260
4	Jitendra Virwani	Embassy Office Parks	Rs 23,220
5	Niranjan Hiranandani	Hiranandani Communities	Rs 20,600
6	Vikas Oberoi	Oberoi Realty	Rs 15,770
7	Raja Bagmane	Bagmane Developers	Rs 15,590
8	Subhash Runwal & family	Runwal Developers	Rs 11,450
9	Ajay Piramal & family	Piramal Realty	Rs 6,560
10	Atul Ruia & family	Phoenix Mills	Rs 6,340

Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020

The GROHE Hurun India Real Estate Rich List 2020 ranked 100 individuals from 71 companies and 15 cities. This is the 4th year of the ranking and wealth calculations are as of 31 December 2020. It also said that the top nine listed companies in the list have almost recovered the losses they have registered since the lockdown.

Image Source

Also read: Top 9 builders of India

Also read: Real estate biggies recovering much faster: ICRA

According to GROHE Hurun India Real Estate Rich List 2020, Mangal Prabhat Lodha of Macrotech Developers (Lodha Group), with a net worth of Rs 44,270 crore, emerged as the top real estate tycoon in India for the fourth time in a row. MP Lodha's wealth increased 39% in the year 2020. Lodha Group had the highest revenue from operations among all the real estate developers in India during the pandemic hit year. Despite the Covid-19-driven slowdown in the real estate sector, the total wealth of the 100 richest builders in India jumped a full 26% year-on-year to Rs 348,660 crore, according to the Hurun rich list. Lodha was followed by Rajiv Singh of DLF, who stood second in the GROHE Hurun India Real Estate Rich List with a wealth of Rs 36,430 crore. Singh registered an increase of 45% in wealth, backed by a 50% rise in DLF's share price. Delhi Land and Finance (DLF Limited) is the largest publicly listed real estate company in India, with properties in 15 states and 24 cities. DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore's sovereign wealth fund GIC, has 34 million sq ft of office and retail properties, generating an annual rental income of Rs 3,500 crore. With a 70% increase in wealth to Rs 26,260 crore, Chandru Raheja and his family of K Raheja Corp moved up two spots to the third spot. It has over 20 million sq ft of office space, making it the second-largest commercial developer. Top 10 richest real estate tycoons in India:RankEntrepreneurCompanyNet Worth (Rs in crore)1Mangal Prabhat Lodha & family Lodha Group -Macrotech DevelopersRs 44,270 2Rajiv SinghDLFRs 36,430 3Chandru Raheja & familyK RahejaRs 26,260 4Jitendra VirwaniEmbassy Office ParksRs 23,220 5Niranjan HiranandaniHiranandani CommunitiesRs 20,600 6Vikas OberoiOberoi RealtyRs 15,770 7Raja BagmaneBagmane DevelopersRs 15,590 8Subhash Runwal & familyRunwal DevelopersRs 11,4509Ajay Piramal & familyPiramal RealtyRs 6,560 10Atul Ruia & familyPhoenix MillsRs 6,340 Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020 The GROHE Hurun India Real Estate Rich List 2020 ranked 100 individuals from 71 companies and 15 cities. This is the 4th year of the ranking and wealth calculations are as of 31 December 2020. It also said that the top nine listed companies in the list have almost recovered the losses they have registered since the lockdown. Image Source Also read: Top 9 builders of India Also read: Real estate biggies recovering much faster: ICRA

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