Top 10 Richest Real Estate Developers in India

Alan Joseph Alan Joseph
Mar 30, 2021 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 a number of 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.

Let’s look at some of the 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
FAQ

1. Mangal Prabhat Lodha and family

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

Mangal Prabhat Lodha
Mangal Prabhat Lodha

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

Remarkable projects of Lodha

The World Towers, Trump Tower Mumbai, Lodha Park, and many others.

Net worth

INR 44,270 crore

2. Rajiv Singh

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.

Rajiv Singh
Rajiv Singh

Remarkable projects of DLF

Shivaji Park, Model Town, and Kailash Colony.

Net worth

INR 36,430 crores

3. Chandru L Raheja and family

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 which has its headquarters in Bangalore, India. The company develops commercial and residential projects, hospitality, and malls across the country.

Chandru L Raheja
Chandru L Raheja

Remarkable projects of Raheja

Mindspace, Shopperstop, InOrbit, and Commerzone.

Net worth

INR 26,260 crores as of December, 2020.

4. Jitendra Virwani

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.

Jitendra Virwani
Jitendra Virwani

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, and Serbia, and Malaysia abroad.

Remarkable projects of Embassy

Manyata Embassy Business Park, Embassy Tech Zone.

Net worth

INR 23,220 crores as of December, 2020.

5. Niranjan Hiranandani

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.

Niranjan Hiranandani
Niranjan Hiranandani

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

Remarkable projects of Hiranandani

Hiranandani Sands, Hiranandani Fortune City, Hiranandani Parks, Mount Alterra, Hiranandani Business Park, and Hiranandani Signature - GIFT City.

Net worth

INR 20,320 crores as of December, 2020.


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6. Vikas Oberoi

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.

Vikas Oberoi
Vikas Oberoi

Remarkable projects of Oberoi Realty

Oberoi Garde, Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire.

Net worth

INR 15,770 crores as of December 2020.

7. Raja Bagmane

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

Raja Bagmane
Raja Bagmane

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

Remarkable projects of Bagmane

Bagmane Tech Park, Bagmane World Technology Centre, and Bagmane Solarium City.

Net worth

INR 15,590 crores as of December 2020.

8. Subhash Runwal

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.

Subhash Runwal
Subhash Runwal

Remarkable projects of Runwal Group

R City Offices, R square, and R city Mall.

Net worth

INR 11,450 crores as of December 2020.


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9. Ajay Piramal and Family

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 Business Leader of the Year Award, 2018, International Advertising Association Leadership Awards.

Ajay Piramal
Ajay Piramal

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.

Remarkable projects of Piramal Realty

Piramal Mahalaxmi, Piramal Vaikunth, Piramal Reventa, Piramal Aranya, and Piramal Agastya.

Net worth

INR 6,560 crores as of December 2020.

10. Atul Ruia

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.

 Atul Ruia
Atul Ruia

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.

Remarkable projects of The phoenix Mills limited

One Bangalore West, Rajajinagar, and Phoenix Fountainhead.

Net worth

INR 6,340 crores as of December 2020.

FAQ

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.

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.

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