India residence to 12 actual property billionaires; Rajiv Singh of DLF the richest

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With a wealth of Rs 61,220 crore, Rajiv Singh of DLF overtook Mangal Prabhat Lodha & household of Macrotech Builders (wealth of Rs 52,970 crore) to turn out to be the wealthiest Indian actual property entrepreneur, in accordance with the most recent Grohe-Hurun India Actual Property Wealthy Record 2021. Singh added Rs 25,000 crore to this wealth in 2021.


Chandru Raheja & household (Okay Raheja Corp), Jitendra Virwani (Embassy Workplace Parks) and Vikas Oberoi (Oberoi Realty) are on the third, fourth and the fifth spots respectively, the Grohe-Hurun India Actual Property Wealthy Record 2021 suggests. The common wealth of the GROHE-HURUN India Actual Property Wealthy Record 2021 grew 31 per cent to Rs 4,558 crore, the report mentioned. CLICK HERE FOR THE FULL LIST


India, the report mentioned, was residence to 12 actual property billionaires in 2021 – up from 5 in comparison with 5 years in the past. Surprisingly, India has seen their quantity greater than double within the final 5 years, whereas these in China and the US have seen a fall – from 121 5 years in the past in China to 58 in 2021, and from 28 actual property billionaires within the US to a rely of 20 in 2021, the findings counsel.


M Arun Kumar of Chennai-based Casagrand, is the most important gainer on the record, adopted by Ashok Sarin of Anant Raj and Keystone Realtors co-founders Boman Rustom Irani, Percy Sorabji Chowdhry and Chandresh Dinesh Mehta.


A big a part of the rise within the fortunes of those realty barons is attributed to a rally in the true property shares on the bourses. For the yr underneath evaluation, the BSE Realty index gained 55 per cent in comparison with a 22 per cent acquire within the S&P BSE Sensex.

“The actual property shares are primarily pushed by a restoration in actual property demand on the again of low-interest charges and authorities incentives. This could possibly be the rationale why the record registered the most important ever cumulative wealth development of 30 per cent since inception,” mentioned Anas Rahman Junaid, managing director and chief researcher at Hurun India.


With a wealth of Rs 340 crore, the youngest on the Record is Aditya Chandak of the Chandak Group. The oldest on the Record is Prithvi Raj Singh Oberoi (93), of East India Accommodations, who registered a wealth of Rs 2,810 crore. Mumbai, New Delhi, and Bengaluru are residence to 73 per cent of the GROHE-HURUN India Actual Property Wealthy Record 2021.


Western area states Maharashtra and Gujarat account for 46 per cent of the cumulative wealth of the record, adopted by the southern area states consisting of Karnataka, Telangana, Tamil Nadu and Kerala with 29 per cent. Northern area states Delhi, Haryana and Punjab are the closest third with a 25 per cent share.








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