With a net worth of Rs 44,270 Cr Mangal Prabhat Lodha of Lodha Group is the richest real estate developer in the country. But do you know about the others who adorn the list of the richest developers in India? Read on to know about top 10 real estate tycoons in the country.
Lodha Group
Amongst all the real estate developers in India, it was Lodha Group that was the highest revenue generator in 2020, a year that was plagued by COVID-19 global pandemic. In its recently released real estate rich list 2020 GROHE Hurun has given Mangal Prabhat Lodha of Lodha Group top billing as the richest builder in India. With a net worth of Rs 44,270 crore with 39% increase in the current year it hardly comes as a surprise.
DLF
Rajiv Singh of DLF comes second in the list of richest developers in the country released by GROHE Hurun. Rajiv Singh’s wealth of Rs 36,430 crore showed an increase of 45% powered by 50% rise in the company’s share price.
K Raheja Corp
Chandru Raheja of K Raheja Corp comes third in the list with a current wealth of Rs 26,260 crore which incidentally shows a rise of 70%.
Embassy Office Parks
Jitendra Virwani of Embassy Office Parks comes 4th in the GROHE Hurun’s illustrious list of top 10 richest real estate players in India. His total wealth is recorded at 23,220 crore.
Hiranandani Communities
Niranjan Hiranandani of Hiranandani Communities adorns the fifth position in the list with real estate business assessment of Rs 20,600 crore.
Oberoi Realty
13% increase in the wealth that sees it shoot to 15,770 crore elevates Vikas Oberoi of Oberoi Realty to the sixth position in GROHE Hurun’s list of top 10 richest real estate moguls in India
Bagmane Group
Raja Bagmane of Bagmane Group comes 7th in the list. His wealth of Rs 15,590 crore saw a rise of 57% majorly because of 50% hike in the after tax profit in FY 2020.
Runwal Developers
Subhash Runwal of Runwal Developers is 8th in the list with a wealth of Rs 11,450 crore and a 61% rise.
Piramal Realty
A wealth of Rs 6,560 crore elevates Ajay Piramal of Piramal Realty to the 9th position in the GROHE Hurun’s list.
Phoenix Mills
Completing the list of 10 richest real estate developers in India is no less a figure than Atul Ruia of Phoenix Mills with a wealth of Rs 6,340 crore.
All that you need to do is to contact SMC Real Estate Advisors if you want to invest in the project of any of these or similarly prominent real estate developers of the country.
