Hurun Research Institute has released a list of the top 10 richest real estate entrepreneurs in India. The list is, unsurprisingly, dominated by tycoons based in India's financial capital Mumbai. 6 of the top 10 richest real estate entrepreneurs are from Mumbai, while New Delhi and Bengaluru also get a mention in the list. Singapore is the only international city to find mention in the top 10 list.
The list is led by Mangal Prabhat Lodha of Macrotech Developers with a net worth of Rs 31,960 crores. DLF's Rajiv Singh, who is the only representative of New Delhi, is second with a net worth of Rs 25,080 crore followed by Jitendra Virwani (Bengaluru) of Embassy with a net worth of Rs 24,750 crore.
Here is the top 10 list of real estate entrepreneurs
| Rank |
Name |
Company |
Based In |
Net Worth (crores) |
| 1. |
Mangal Bhagat Lodha & Family |
Macrotech Developers |
Mumbai |
Rs 31,960 |
| 2. |
Rajiv Singh |
DLF |
New Delhi |
Rs 25,080 |
| 3. |
Jitendra Virwani |
Embassy |
Bengaluru |
Rs 24,750 |
| 4. |
Niranjan Hiranandani |
Hiranandani Communities |
Mumbai |
Rs17,030 |
| 5. |
Chandra Raheja & Family |
K Raheja |
Mumbai |
Rs 15,480 |
| 6. |
Vikas Oberoi |
Oberoi Realty |
Mumbai |
Rs 13,910 |
| 7. |
Raja Bagmane |
Bagmane Developers |
Bengaluru |
Rs 9,960 |
| 8. |
Surendra Hiranandani |
House of Hiranandani |
Singapore |
Rs 9,720 |
| 9. |
Subhash Runwal & Family |
Runwal Developers |
Mumbai |
Rs 7,100 |
| 10. |
Ajay Piramal & Family |
Piramal Group |
Mumbai |
Rs 6,560 |
Mumbai accounted for six of the top 10 and 37 of the 100 names. Delhi and Bengaluru had 19 residents each who featured on the list. Interestingly, 3/4th of the richest Indians from the real estate sector are based in these three cities. At the same time, the sector added two more US dollar billionaires -- taking the total to nine this year. Around 59 per cent of the individuals mentioned in the list are first-generation entrepreneurs. Interestingly, eight women made it to the list in 2019.
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