Top 5 Real Estate Billionaires In India

Get Acquainted With the Richest Property Magnates



India’s real estate sector has witnessed remarkable expansion over the years, fostering a group of thriving entrepreneurs and billionaires. These individuals have amassed vast fortunes through their visionary leadership, strategic investments, and profound understanding of the Indian property landscape.

In the past year, there has been a decrease in the wealth of 5 out of the top 10 billionaires in India. Their fortunes have declined by varying degrees, ranging from 2 to 20 percent. Conversely, 3 billionaires within the top 10 have seen an uptick in their wealth. However, over a period of five years, the wealth of the top 5 billionaires has experienced a significant surge, multiplying by an impressive range of 56 to 448 percent. Only one billionaire observed a slight decline in their wealth during this timeframe.

In this piece, we will acquaint you with the top 5 real estate magnates in India, underscoring their accomplishments and contributions to the sector.

Top 5 Real Estate Billionaires In India

  1. Rajiv Singh

Rajiv Singh, the chairman of DLF, stands as India’s foremost real estate magnate with a net worth of INR 59,030 crore. DLF has expanded its portfolio into insurance, retail, and hospitality sectors, and has recently entered into cricket sponsorship through the Indian Premier League (IPL). Rajiv's father, KP Singh, leads DLF and is a celebrated figure in the real estate industry. KP Singh has been honored with the esteemed Padma Bhushan civilian award.

2. Mangal Prabhat Lodha and family

Mangal Prabhat Lodha, a prominent figure in India's real estate sector, boasts a net worth of approximately INR 42,270 crore. He established the Lodha Group, which has evolved into the Mangal Prabhat Lodha family, with significant backing from his family. Lodha effectively executed the company's eagerly awaited IPO in 2021 and is leading the development of an impressive 75-story luxury skyscraper in Mumbai.

3. Niranjan Hiranandani

The Hiranandani Group, established by Niranjan and Surendra Hiranandani, stands as a prominent real estate conglomerate with varied interests. Niranjan Hiranandani has earned acclaim as one of India’s most affluent real estate magnates, boasting a net worth of INR 23,900 crore. The group has achieved significant milestones, such as the renowned Hiranandani Gardens in Powai and Hiranandani Meadows and Estate in Thane.

4. Arjun Menda and his family


With a wealth amounting to Rs 37,000 crore, Arjun Menda and his family from RMZ Corp made a remarkable entrance, securing the third position on the list. Overseeing the day-to-day affairs of the RMZ Group are his sons, Raj Menda and Manoj Menda.

5. Chandru Raheja and family

Chandru Raheja, the Chairman of K Raheja Corp, is an 81-year-old luminary in the real estate realm, amassing a fortune of 26,620 crores. K Raheja Corp boasts an expansive portfolio encompassing over 20 million square feet of leased office space in Mumbai, Navi Mumbai, Pune, and Hyderabad.


Conclusion
 India has observed a consistent rise in the count of millionaires, reaching approximately 7.96 lakhs annually. The real estate sector wields considerable influence on this tally, with forecasts suggesting a twofold increase by 2026. Although the pandemic has affected the industry, it is steadily rebounding and demonstrating resilience.

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