Top 11 Richest Real Estate Tycoons In India

The richest Real estate tycoons in the Indian, industry boast a roster of prominent tycoons who have made significant contributions to the field.

1. Rajiv Singh

One such figure is Rajiv Singh, CEO of DLF, and India’s wealthiest real estate magnate with a staggering net worth of INR 61,220 billion. DLF, a conglomerate with interests spanning insurance, retail, and hospitality, recently made its foray into cricket by securing Indian Premier League (IPL) sponsorship rights. The patriarch of the Singh family, KP Singh, retains his position as Chairman of DLF and is often featured among India’s real estate billionaires. His accomplishments have been acknowledged through accolades like the prestigious Padma Bhushan Award.

2. Mangal Prabhat Lodha

Another prominent name on the list is Mangal Prabhat Lodha, an influential figure in the Indian real estate scene. With a net worth of around INR 52,000 crore, Lodha stands out as one of the wealthiest real estate tycoons in the country. His family’s unwavering support has played a pivotal role in propelling the success of the Lodha business. Lodha’s company achieved a major milestone in 2021 by completing its long-anticipated IPO. Notably, the luxurious 75-story skyscraper in Mumbai stands as a testament to Lodha’s prowess in the field.

3. Chandru Raheja and family

Chandru Raheja, an 81-year-old visionary, stands as another luminary in India’s real estate landscape. As Chairman of K Raheja Corp, his company has leased expansive office spaces totaling approximately 20 million square feet in key Indian cities. Under the stewardship of his sons Neil and Ravi, K Raheja Corp recently unveiled a portion of its commercial properties through the Mindspace Business Parks REIT, in collaboration with private equity giant Blackstone.

4. Jitendra Virwani

Jitendra Virwani, a trailblazer in South India’s real estate sector, is the mastermind behind the Embassy Group. With a net worth of INR 23,260 crore, Virwani’s innovative approach has been instrumental in the development of warehouses and industrial parks across the nation. His holdings extend to the Hill International Hotel and one of India’s largest private schools.

5. Vikas Oberoi

Vikas Oberoi, a prominent property magnate, commands a prominent position among India’s affluent real estate tycoons. His INR 22,780 crore net worth, as per the Grohe-Hurun India Real Estate List 2021, reflects his diligent efforts in transforming the Oberoi Realty company, which he took over from his father. Oberoi’s endeavors also encompass high-end hospitality projects, including Mumbai’s first Ritz Carlton hotel and residences, as well as the Westin Hotel in suburban Mumbai.

6. Niranjan Hiranandani

The Hiranandani group, founded by Niranjan Hiranandani and his brother Surendra, has been a fixture in India’s real estate sector since the late 1970s. With a net worth of INR 22,250 crore, Niranjan Hiranandani’s vision has steered the group’s expansion across residential, commercial, hospitality, and educational domains. Noteworthy projects include the successful Hiranandani Gardens in Powai and Hiranandani Meadows and Estate in Thane.

7. Basant Bansal and family

Basant Bansal, the driving force behind the M3M Group, has secured a spot on the Grohe-Hurun India Real Estate List 2021. The company’s dominance in Gurgaon and its notable presence in Delhi underscore its high-end residential and commercial projects. The M3M Group has received recognition for its exceptional performance in the “Veterans & Young Companies” category.

8. Raja Bagmane

Raja Bagmane, the managing director of Bagmane Developers Group, stands as a prominent figure in Bangalore’s real estate sector. His net worth of INR 16,730 crore, as documented by the Grohe-Hurun India Real Estate List 2021, highlights his accomplishments in establishing upscale and contemporary workplaces. The group’s track record includes creating over 15 million square feet of commercial space, with ongoing expansion efforts.

9. G Amarender Reddy & family

G Amarender Reddy, a real estate developer of great significance in Telangana and India, commands assets exceeding INR 15,000 crore. His company, the GAR Group, owns expansive office parks totaling more than 10 million square feet in Hyderabad. The next generation, led by Abhinav Ram Reddy, a Harvard alumnus, has assumed leadership of this family-run enterprise.

10. Ajay Piramal 

Ajay Piramal is a notable real estate developer with a net worth exceeding INR 15,000 crore. His company, the GAR Group, boasts ownership of expansive office parks, emphasizing his impactful contributions to Hyderabad’s real estate landscape. The family-run company, established in 1982, has garnered recognition and awards for its strategic land acquisitions and projects, including the Piramal Mahalaxmi project, which received prestigious awards.

11. Subhash Runwal & family

Subhash Runwal, founder of Runwal Developers, is a significant presence on the Grohe-Hurun India Real Estate List 2021. Established in 1978, Runwal Developers is renowned for its middle-class housing projects in the Mumbai suburbs. Notable achievements include the creation of Mulund’s R Mall and a strategic shift towards more significant commercial real estate ventures.

These richest Real estate tycoons in India exemplify the dynamism and innovation that drive India’s real estate sector forward, leaving an indelible mark on the nation’s urban landscape.

Also, Read Our Latest Blog Posts:

• ITR Made Simple: A Step-by-Step Guide to Filing Your Income Tax Return
• Your One-Stop Property Portal: IGRS Telangana Explained
• LRS Telangana 2023-24: A Game-Changer in Real Estate Development
• TS-bPASS-Building Dreams, One Click Away
• Do You Know 13 Myths About HMDA Master Plan?
• Properties In Hyderabad
• Agriculture Land Near Hyderabad
• Villas Near Hyderabad

Frequently Asked Questions