Top 10 Richest Real Estate Developers in India

In this article, I will share with you the ten richest real estate developers in India and how they made their money. This report is taken from Ghore Hurun Research, a famous research company based in Mumbai and Shanghai. 

Ten Richest Real Estate Developers in India

Let’s start with the first real estate developer and know how much money they have and how they made it over the years.

1. Rajiv Singh

Rajiv Singh is the richest real estate developers in India. He is the new chairman of DLF (Delhi Land & Finance), based in New Delhi. His grandfather started this company back in 1945, at the time of Indian Independence.

• Net worth: ₹61,220 CR ($8.8 Billion)
• Source of wealth: DLF shares
• City: Delhi

His father, K. P. Singh, is the key personality of DLF. He took the company from zero to hero. He also wrote a book about his journey, “Whatever the Odds: The Incredible Story Behind DLF. You can read it to know insight into the company and how he built it.

2. Mangal Prabhat Lodha

Lodha was the richest person in India for a few consecutive years with his development company Macrotech Developers based in Mumbai. One year ago, they listed the company on the Stock Market via an IPO. It did pretty well. 

• Net worth: ₹52,970 CR ($6.9 Billion)
• Source of wealth: Lodha Group
• City: Mumbai

He is also a politician in Mumbai. Now his two sons are managing the company. The company was named Lodha Group, but recently the name changed to Macrotech Developers.

3. Chandru Raheja

After graduating from LLB college in Mumbai, he joined his father’s real estate business. In 1996, he started his own venture K Raheja Corp. started constructing buildings like:

• Shopping malls
• IT sectors
• Hotels
• Residential offices

As time passed, he become Indian 3rd richest real estate tycoon.

• Net worth: ₹26,290 CR ($3.6 Billion)
• Source of wealth: K Raheja Corp.

The company is based in Mumbai. A very famous one in the area.

4. Vikas Oberoi

It’s Vikas, not Vivek Oberoi, the movie star, don’t mix it up. He is the MD of Oberoi Realty, based in Mumbai. 

• Net worth: ₹22,680 CR ($3.2 Billion)
• Source of wealth: Oberoi Realty
• City: Mumbai

The company was founded by his father ‘Ranveer Oberoi, back in 1980. They mainly focus on:

• Social infrastructures
• Residential buildings
• Hospitals

With their combined effort, their company Oberoi Reality became India’s well-known real estate company.

5. Jitendra Virwani

He is the founder of Embassy Office Parks based in Bengaluru. Recently they formed the Embassy REIT and raised money from the public via an IPO. 

• Net worth: ₹23,620 CR ($3.3 Billion)
• Source of wealth: Embassy Group
• City: Bengaluru

There is a video available on YouTube where he talks about the ins and outs of the Indian real estate industry and his personal view of it. He is the 4th richest real estate developer in India.

6. Niranjan Hiranandani

He is an inspiration, a self-made man. He was in the 2nd position in the Hurun list of richest real estate developers in India a few years ago. You can watch his TED talk to know more about his incredible journey.

• Net worth: ₹22,250 CR ($3.1 Billion)
• Source of wealth: Hiranandani Group
• City: Mumbai

In 1981 he and his brother bought a 250-acre land in Mumbai and started their venture Hiranandani Communities. During the time of the pandemic, his net worth grew massively from $1.4 to $3.2 (approx). He was the 2nd largest wealth gainer in the real estate industry in the world. He is the 6th richest real estate tycoon in India.

7. Basant Bansal

Mr. Bansal is the founder of M3M India, a real estate development company based in Gurugram, Haryana.

• Net worth: ₹17,250 CR ($2.7 Billion)
• Source of wealth: M3M India
• City: Gurugram

His company M3M is one of the well-known real estate development companies in North India. He is the 7th richest real estate developer in India.

8. Raja Bagmane

In 1996, Raja Bagmane founded the real state development company Bagmane Developers based in the startup city Bengaluru.

• Net worth: ₹16,530 CR ($2.7 Billion)
• Source of wealth: Bagmane Developers
• City: Bengaluru

He becomes the 8th richest real estate tycoon according to the recent Grohe Hurun Rich list.

9. G Amarender Reddy

His company GAR Corporation currently owns 10 million square feet of an office park in Hyderabad.

• Net worth: ₹15,000 CR ($2.4 Billion)
• Source of wealth: GAR Corporation 
• City: Hyderabad

He is the richest property developer in Hyderabad and the 9th in India.

10. Subhash Runwal

He is the last on our list of richest real estate developers in India. Mumbai property tycoon is known for building middle-class homes. He started his company in 1976 in Mumbai by building residential homes.

• Net worth: ₹11,400 CR ($1.9 Billion)
• Source of wealth: Runwal Developers 
• City: Mumbai

Currently is the 10th wealthiest real estate developer in India.

Richest Real Estate Developers List (official)

Look, all these numbers will vary every year. It does not bother those billionaires. They are just doing their work. It’s us who are curious about who has more money than others.

It is an official list, but if you see the unofficial list, there are people far wealthier than these people. People like government officials, public celebrities, and powerful people in our country.

They are never allowed to disclose how much money they have. It will create heavy effects on their daily life. For example, people say Russian president Putin is worth over $300 billion. But, the truth may be something else, or it’s the truth, who knows.

These people allow those research magazines to estimate how much money they have. It’s not real, but you can say close to real.

Last Words

So, here is your complete list of the richest real estate developers in India, according to Ghore Hurun’s 2021 research. Visit Hurun’s official website and learn more about it. I hope you liked this article. Share it with your friends to let them know who is the richest. Thanks for reading.

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