Realty major DLF Chairman Rajiv Singh is the richest real estate entrepreneur having wealth of ₹1,24,420 crore, followed by Macrotech Developers founder Mangal Prabhat Lodha, according to GROHE-Hurun list.
PTI
Updated11 Jul 2024, 08:19 PM IST
Gautam Adani, who otherwise is India’s second richest person, has been ranked third on the list of real estate tycoon in the GROHE-Hurun list released on Thursday.
Realty major DLF Chairman Rajiv Singh is the richest real estate entrepreneur having wealth of ₹1,24,420 crore, followed by Macrotech Developers founder Mangal Prabhat Lodha, according to GROHE-Hurun list.
Gautam Adani, who otherwise is India's second richest person, has been ranked third on the list of real estate tycoon in the GROHE-Hurun list released on Thursday.
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Hurun Report released the'2024 GROHE-Hurun India Real Estate 100', ranking India's most successful real estate companies by value. It has also presented a list of the wealthiest real estate entrepreneurs in the country. Value and wealth calculations are a snapshot of May 31, 2024.
Macrotech Developers' founder Mangal Prabhat Lodha and family stood at second position with wealth of ₹91,700 crore.
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"Gautam Adani and family secured the third position with a wealth of INR 56,500 crore, marking a 62 per cent increase since 2023. Known for his strategic acumen and vision, Gautam Adani has steered Adani Realty into the top 10 in this year's list," Hurun said in a statement.
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Vikas Oberoi of Oberoi Realty is at fourth position with wealth of ₹44,820 crore, followed by Chandru Raheja & family of K Raheja Group ( ₹43,710 crore), Atul Ruia of The Phoenix Mills ( ₹26,370 crore), Raja Bagmane of Bagmane Developers ( ₹19,650 crore), Jitendra Virwani of Embassy Office Parks ( ₹16,000 crore).
Irfan Razack, Rezwan Razack and Noaman Razack of Prestige Estates Projects hold the ninth spot on the list, each with a wealth of ₹13,970 crore, marking a significant increase of 230 per cent.
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Among companies, DLF secures the top spot with a valuation of ₹2 lakh crore, a growth by 72 per cent in its valuation.
At a current valuation of ₹1.4 lakh crore, Macrotech Developers has seen its valuation grow by 160 per cent compared to last year, securing the 2nd position.