DLF’s chairman Rajiv Singh is the richest real estate entrepreneur in the country. His net worth is Rs 61,220 crore. It is followed by MP Lodha of Macrotech Developers and his family at the second position with a wealth of Rs 52,970.
Hurun and Grohe India on Wednesday released the fifth edition of the ‘Grohe Hurun India Real Estate Rich List’. This is a list of the richest real estate businessmen in the country.
68 percent increase in Rajiv Singh’s assets
The lists are based on their ownership share in the net worth of the respective real estate business. Assets have been computed as on December 31, 2021. According to the report, the assets of DLF’s Rajiv Singh have grown by 68 per cent in the last one year and he is at the top.
Although the wealth of MP Lodha and his family has increased by 20 per cent to Rs 52,970 crore in the last one year, he is second on the list. At the same time, Chandru Raheja and K Raheja’s family is at the third position in the list with properties worth Rs 26,290 crore.
Know how many other entrepreneurs are
Jitendra Virwani of Embassy Group is at the fourth position with a net worth of Rs 23,620 crore. Next in the list are Vikas Oberoi (Rs 22,780 crore) of Oberoi Realty, Niranjan Hiranandani (Rs 22,250 crore) of Hiranandan Communities, Basant Bansal and the family of M3M India (Rs 17,250 crore), Raja Bagmane of Bagmane Developers (Rs 16,730 crore). ), G Amarendra Reddy and the GAR Corporation family (Rs 15,000 crore).
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Subhash Runwal of Runwal Developers and his family has slipped two places to the tenth position with properties worth Rs 11,400 crore. 71 companies and 100 individuals from 14 cities have been ranked in the Grohe-Hurun India Real Estate Rich List-2021. 81 percent of the people on the list have seen an increase in their wealth. Of these, 13 are new faces. At the same time, there was a decline in the properties of 13 percent real estate traders. The average age of real estate businessmen on the list is 61 years.
According to the list, the average assets of real estate players increased by 30 per cent to Rs 4,537 crore. At the same time, the total wealth of these entrepreneurs also increased by 30 percent to Rs 4,53,700 crore or $ 60 billion.
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What did Hurun India say?
Anas Rehman Junaid, Managing Director and Chief Researcher, Hurun India said that the country’s real estate sector, after being at a low level for the past few years, is now set to become the major ‘engine’ of growth in India.