Top 10 Richest Real Estate Developers in India

Alan Joseph Alan Joseph
Jul 21, 2022 6 min read
Top 10 Richest Real Estate Developers in India

Real Estate is always considered as one of the best investments by Indians. There are several real estate companies in India. In a country like India where the population is increasing, the real estate industry is considered to grow much more in the near future.

The increase in demand for the real estate will increase the wealth of the real Estate developers in the country. The covid-19 pandemic and the lockdown had dragged down the real estate industry.

List of Richest Real Estate Developers in India

  1. Mangal Prabhat Lodha and family
  2. Rajiv Singh
  3. Chandru L Raheja and family
  4. Jitendra Virwani
  5. Niranjan Hiranandani
  6. Vikas Oberoi
  7. Raja Bagmane
  8. Subhash Runwal
  9. Ajay Piramal and Family
  10. Atul Ruia
Richest real estate developers in India

Mangal Prabhat Lodha and family

Net Worth: INR 36,733 Crore
Real Estate Business Name: Lodha Group

Remarkable Projects of Lodha Group: The World Towers, Trump Tower Mumbai, Lodha Park

Mangal Prabhat Lodha - Richest real estate developers in India
Mangal Prabhat Lodha - Richest real estate developers in India

Mangal Prabhat Lodha is the founder of Lodha group which is an Indian real estate company. It is headquartered in Mumbai, India.

The company has developed residential and commercial properties in and around India which include Mumbai, Thane, Pune, Hyderabad, and London.

Rajiv Singh

Net Worth: INR 61,220 Crores
Real Estate Business Name: DLF

Remarkable Projects of DLF: Shivaji Park, Model Town, and Kailash Colony

Richest real estate developers in India
Rajiv Singh - Richest real estate developers in India

Rajiv Singh is the chairman of the DLF company. Delhi Land & Finance (DLF limited) is a commercial real estate that was founded by Chaudhary Raghvendra Singh in 1946. The company is based in New Delhi, India.

Chandru L Raheja and family

Net Worth: INR 29,547 Crore
Real Estate Business Name: K Raheja Corp.

Remarkable Projects of K Raheja Corp.: Mindspace, Shopperstop, InOrbit, and Commerzone

Chandru L Raheja - Richest real estate developers in India
Chandru L Raheja - Richest real estate developers in India

Chandru Raheja is the founder of the company K Raheja Corp. K Raheja Corp is a Real estate developer in India. It was founded in the year 1956 and has its headquarters in Bangalore, India. The company develops commercial and residential projects, hospitality, and malls across the country.

Jitendra Virwani

Net Worth: INR 15,172 Crore
Real Estate Business Name: Embassy Office Parks

Remarkable Projects of Embassy Office Parks: Manyata Embassy Business Park, Embassy Tech Zone

Jitendra Virwani - Richest real estate developers in India
Jitendra Virwani - Richest real estate developers in India

Jitendra Virwani is the managing director and the chairman of the Embassy Office Parks. The company was founded in the year 1993 and is located in Bengaluru, India. In August 2020, Embassy agreed to merge its residential and commercial projects with listed Indiabulls Real Estate.

The company develops commercial, residential, industrial warehouse spaces, retail, education, and hospitality. The company has developed projects in and around India which include Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Serbia, and Malaysia abroad.

Niranjan Hiranandani

Net Worth: INR 11,978 Crore
Real Estate Business Name: Hiranandani Group

Remarkable Projects of Hiranandani Group: Hiranandani Sands, Hiranandani Fortune City, Hiranandani Parks, Mount Alterra, Hiranandani Business Park, and Hiranandani Signature - GIFT City

Niranjan Hiranandani - Richest real estate developers in India
Niranjan Hiranandani - Richest real estate developers in India

Niranjan Hiranandani is the co-founder and managing director of the Hiranandani group. The company was founded in the year 1978 in Mumbai, India. This group is one of the largest real estate groups in India. He is also ranked by Forbes among the 100 richest Indians.

This company develops health, education, hospitality, and energy spaces. The company has developed projects across Bangalore, Mumbai, and Chennai.


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Vikas Oberoi

Net Worth: INR 23,956 Crore
Real Estate Business Name: Oberoi Realty

Remarkable Projects of Oberoi Realty: Oberoi Garde, Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire

Vikas Oberoi - Richest real estate developers in India
Vikas Oberoi - Richest real estate developers in India

Vikas Oberoi is the chairman and managing director of Oberoi Realty. The company is based in Mumbai and was founded in the year 1980. The company develops offices, apartments, shopping malls, and hotel spaces.

Raja Bagmane

Net Worth: INR 16,730 Crore
Real Estate Business Name: Bagmane Developers

Remarkable Projects of Bagmane Developers: Bagmane Tech Park, Bagmane World Technology Centre, and Bagmane Solarium City

Raja Bagmane - Richest real estate developers in India
Raja Bagmane - Richest real estate developers in India

Raja Bagmane is one of the directors of Bagmane Developers. The company was founded in the year 1996 and is located in Bengaluru, India.

The company is involved in real-estate activities which include buying, selling, renting, and operating self-owned or leased real estate.

Subhash Runwal

Net Worth: INR 11,450 Crores
Real Estate Business Name: Runwal Group

Remarkable Projects of Runwal Group: R City Offices, R square, and R City Mall

Subhash Runwal - Richest real estate developers in India
Subhash Runwal - Richest real estate developers in India

Subhash Runwal is the founder and chairman of the Runwal group which was founded in the year 1978. The company is known for building homes in the city and suburbs. The company even owns several malls.

Ajay Piramal and Family

Net Worth: INR 29,540 crore
Real Estate Business Name: Piramal Group

Remarkable Projects of Piramal Group: Piramal Mahalaxmi, Piramal Vaikunth, Piramal Reventa, Piramal Aranya, and Piramal Agastya

Ajay Piramal - Richest real estate developers in India
Ajay Piramal - Richest real estate developers in India

Ajay Piramal is the founder and chairman of the Piramal group which was founded in 1984 located in Mumbai, India. He has also been awarded the Business Leader of the Year Award, 2018, International Advertising Association Leadership Awards.

The company has a presence in various sectors such as healthcare, life sciences, drug discovery, financial services, real estate, and many more. The company had formed its own real estate company, Piramal Realty.


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Atul Ruia

Net Worth: INR 8,782 Crore
Real Estate Business Name: The phoenix Mills Limited

Remarkable Projects of The phoenix Mills limited: One Bangalore West, Rajajinagar, and Phoenix Fountainhead

 Atul Ruia - Richest real estate developers in India
Atul Ruia - Richest real estate developers in India

Atul Ruia is the owner of the Phoenix Mills Limited. The company was opened in the year 1996 and is located in Mumbai, India. Atul Ruia is also on the board of 19 other companies.

The company owns the High street Phoenix which was formerly known as Phoenix mall. It is one of the largest shopping malls in India. In addition to the mall, the compound has a 5-star hotel, a multiplex, a residential tower, and a commercial space.

Conclusion

This is the list of the richest real estate developers in India. Real estate sector is one of the most acknowledged sectors in the world and is expected to grow more than double in the coming years. Indian Billionaires in the real estate businesses are adding up with huge net worth. Urbanisation and rising household income has made the industry grow unprecedently.

FAQs

Who is real estate king in India?

Mangal Prabhat Lodha is known as real estate king in India.

Who owns most land in India?

Indian Govt is the biggest land holder in India.

Who is the richest real estate developer?

Donald Bren is the richest real estate developer with an estimated net worth of $15.5 billion.

Who are the Richest real estate developers in India?

Top 10 richest real estate developers in India are:

  • Mangal Prabhat Lodha and family
  • Rajiv Singh
  • Chandru L Raheja and family
  • Jitendra Virwani
  • Niranjan Hiranandani
  • Vikas Oberoi
  • Raja Bagmane
  • Subhash Runwal
  • Ajay Piramal and Family
  • Atul Ruia

Who are the real estate billionaires in India?

Real estate billionaires in India are:

  • Mangal Prabhat Lodha and family
  • Rajiv Singh
  • Chandru L Raheja and family
  • Jitendra Virwani
  • Niranjan Hiranandani
  • Vikas Oberoi
  • Subhash Runwal
  • Ajay Piramal and Family
  • Atul Ruia
  • Kushal Pal Singh
  • Mofatraj Munot

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