Rajiv Singh, chairman of DLF Mumbai Realty, is the richest real estate businessman with a wealth of Rs 1,24,420 crore, followed by Macrotech Developers founder Mangal Prabhat Lodha, according to the GROHE-Hurun list.
Gautam Adani, who is otherwise India's second-richest person, is ranked third in the list of real estate tycoons in the GROHE-Hurun list released on Thursday.
Hurun Report published the '2024 GROHE-Hurun India Real Estate 100', which ranks India's most successful real estate companies by value. He has also presented a list of the richest real estate businessmen in the country. Value and wealth calculations are a snapshot of May 31, 2024.
Macrotech Developers founder Mangal Prabhat Lodha and his family occupied the second position with a wealth of Rs 91.7 billion.
"Gautam Adani and his family bagged the third position with a wealth of Rs 56.5 billion, an increase of 62 percent from 2023. Known for his strategic acumen and vision, Gautam Adani has taken Adani Realty to the top 10 of this year's list. Hurun said in a statement.
Vikas Oberoi of Oberoi Realty occupies the fourth position with a wealth of Rs 44.82 billion, followed by Chandru Raheja and family of K Raheja Group (Rs 43.71 billion), Atul Ruia of The Phoenix Mills (Rs 26.37 billion), Raja Bagmane of Bagmane Developers (Rs 19,650 crore), Jitendra Virwani of Embassy Office Parks (Rs 16,000 crore).
Irfan Razack, Rezwan Razack and Noaman Razack of Prestige Estates Projects are ninth on the list, each with a wealth of Rs 13.97 billion, a significant increase of 230 per cent.
Among the companies, DLF secures the top spot with a valuation of Rs 2 lakh crore, a 72 per cent growth in its valuation.
With a current valuation of Rs 1.4 lakh crore, Macrotech Developers has seen its valuation grow by 160 per cent compared to last year, securing the second position.
The Indian Hotels Company (IHCL), known as Taj Group, is third on the list with a valuation of Rs 79,150 crore, reflecting a growth of 43 per cent.
Founded by Jamsetji Tata in 1902 and headed by Puneet Chhatwal, IHCL manages a diverse portfolio of luxury, premium and business hotels across India and internationally.
With a valuation of Rs 77,280 crore, Godrej Properties, a subsidiary of the Godrej Group, is ranked fourth.
Oberoi Realty, founded by Vikas Oberoi, secured the fifth spot with a valuation of Rs 66.2 billion.
Prestige Estates Projects is at the sixth position with a valuation of Rs 63.98 billion, while Adani Realty, part of the Adani Group, is at the seventh position with a valuation of Rs 56.5 billion.
Adani Realty is the most valued unlisted company on the list. Earlier this year, Adani Realty emerged as the highest bidder for the redevelopment of a 24-acre plot in the Bandra Reclamation land parcel, floated by the Maharashtra State Road Transport Corporation (MSRDC).
Phoenix Mills is ranked eighth with a valuation of Rs 55.74 billion, while K Raheja Group is ranked ninth with a valuation of Rs 55.3 billion.
The embassy's office parks, valued at Rs 33.15 billion, are 10th on the list.
Gautam Adani, who is otherwise India's second-richest person, is ranked third in the list of real estate tycoons in the GROHE-Hurun list released on Thursday.
Hurun Report published the '2024 GROHE-Hurun India Real Estate 100', which ranks India's most successful real estate companies by value. He has also presented a list of the richest real estate businessmen in the country. Value and wealth calculations are a snapshot of May 31, 2024.
Macrotech Developers founder Mangal Prabhat Lodha and his family occupied the second position with a wealth of Rs 91.7 billion.
"Gautam Adani and his family bagged the third position with a wealth of Rs 56.5 billion, an increase of 62 percent from 2023. Known for his strategic acumen and vision, Gautam Adani has taken Adani Realty to the top 10 of this year's list. Hurun said in a statement.
Vikas Oberoi of Oberoi Realty occupies the fourth position with a wealth of Rs 44.82 billion, followed by Chandru Raheja and family of K Raheja Group (Rs 43.71 billion), Atul Ruia of The Phoenix Mills (Rs 26.37 billion), Raja Bagmane of Bagmane Developers (Rs 19,650 crore), Jitendra Virwani of Embassy Office Parks (Rs 16,000 crore).
Irfan Razack, Rezwan Razack and Noaman Razack of Prestige Estates Projects are ninth on the list, each with a wealth of Rs 13.97 billion, a significant increase of 230 per cent.
Among the companies, DLF secures the top spot with a valuation of Rs 2 lakh crore, a 72 per cent growth in its valuation.
With a current valuation of Rs 1.4 lakh crore, Macrotech Developers has seen its valuation grow by 160 per cent compared to last year, securing the second position.
The Indian Hotels Company (IHCL), known as Taj Group, is third on the list with a valuation of Rs 79,150 crore, reflecting a growth of 43 per cent.
Founded by Jamsetji Tata in 1902 and headed by Puneet Chhatwal, IHCL manages a diverse portfolio of luxury, premium and business hotels across India and internationally.
With a valuation of Rs 77,280 crore, Godrej Properties, a subsidiary of the Godrej Group, is ranked fourth.
Oberoi Realty, founded by Vikas Oberoi, secured the fifth spot with a valuation of Rs 66.2 billion.
Prestige Estates Projects is at the sixth position with a valuation of Rs 63.98 billion, while Adani Realty, part of the Adani Group, is at the seventh position with a valuation of Rs 56.5 billion.
Adani Realty is the most valued unlisted company on the list. Earlier this year, Adani Realty emerged as the highest bidder for the redevelopment of a 24-acre plot in the Bandra Reclamation land parcel, floated by the Maharashtra State Road Transport Corporation (MSRDC).
Phoenix Mills is ranked eighth with a valuation of Rs 55.74 billion, while K Raheja Group is ranked ninth with a valuation of Rs 55.3 billion.
The embassy's office parks, valued at Rs 33.15 billion, are 10th on the list.
