Top 15 Richest Real Estate Developers in India

Billionaires in India have mastered the art of property investments and successfully reaped millions
in the real estate industry lately. The real estate developers have contributed immensely in building
some of the great establishments in India and here are the 15 of the richest real estate developers
who have made it big in India.

Here is the List Of Top 15 Real Estate Developer in India

1. Mangal Prabhat Lodha

Company: Lodha Group

Lodha Group is a real estate developer company in India with Mangal Prabhat Lodha’s wealthiest
as the head. With residential and commercial high rise development having become his hallmark,
his net worth shot up through a stake in World One Tower in Mumbai.

2. Rajiv Singh

Company: DLF Limited

Rajiv Singh is a non-executive director and chairs DLF Limited, the second-largest real estate
development company in India. His wealth also stems from large business investments such as DLF
Cyber City located in Gurgaon, which is part of his net-worth of $1.3 billion.

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3. Chandru Raheja

Company: K Raheja Corp

K Raheja Corp is renowned for their IT parks and in particular their residential property. These
include Inorbit Mall and Mindspace IT Park; together they contribute to his massive personal

4. Vikas Oberoi

Company: Oberoi Realty

Oberoi Realty is led by Vikas Oberoi who targets projects in the luxury residential and commercial
real estate segments. He has some projects such as The Oberoi Garden City and others that have
made him increase his assets immensely.

5. Surendra Hiranandani

Company: Hiranandani Group

Hiranandani K is the co-founder of one of India’s top most real estate firms, the Hiranandani Group
and has made his wealth through massive integrated townships and mixed use developments in
Mumbai and Thane.

6. Jitendra Virwani

Company: Embassy Group

Another well known player in the commercial estate business is the Commercial IT Park segment is
mainly represented by Embassy Group founded by Jitendra Virwani. He has earned a lot in terms of
his wealth from teaming up with the international markets.

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7. Niranjan Hiranandani

Company: Hiranandani Group

Niranjan Hiranandani is the other co-founder of the Hiranandani Group who has amassed a lot of
wealth from the group’s developments in costly residential and commercial complexes.

8. Kushal Pal Singh

Company: DLF Limited

Kushal Pal Singh has been serving DLF for a long time and in a major way to its real estate giant
company and thus adding significantly to his wealth.

9. Atul Ruia

Company: Phoenix Mills

Atul Ruia works with retail and commercial properties and his company is Phoenix Mills. High
Street Phoenix and Palladium Mall Mall in Mumbai are some of the projects that have boosted his
net worth.

10. Sameer Gehlaut

Company: Indiabulls Real Estate

Indiabulls Real Estate is sameer Gehlaut’s main source of wealth and it concentrates its investments
in high quality residential and commercial sectors in metropolises like Mumbai and Delhi.

11. Irfan Razack

Company: Prestige Group

Prestige group is headed by Irfan Razack and with a 40% market share controls the real estate
market in south India. His wealth is the result of the numerous residential, commercial building and
the chain of Forum shopping malls.

12. Ramesh Chandra

Company: Unitech Group

Unitech Group’s Ramesh Chandra is one of the richest persons as due to his contributions to the
various residential and commercial projects which he has supported with his high assets.

13. Boman Irani

Company: Rustomjee Group

Boman Irani’s business comprises of Rustomjee Group that has premium residential and
commercial projects in Mumbai – Rustomjee Urbania; his personal wealth is further enhanced by

14. Ajay Piramal

Company: Piramal Realty

The Indian businessman has become anything but poor through the Piramal Realty which has been
involved in high-end real estate development especially residential and commercial properties.

15. Abhishek Lodha

Company: Lodha Group

The same kind of legacy is continued by Abhishek Lodha who is the managing director of the
Lodha Group and involved in the development of the company with some major projects such as
The Park located in Mumbai.

Lodha Groups’s long-term investments and use of unique designs and quality have distinguished
them in a competitive market. The future seems hopeful for these industry’s giants and the entire
real estate market of India as it thrives to become more urbanised.


How do real estate developers generate most of their wealth?

The primary sources of wealth for real estate developers include the development and sale of
residential and commercial properties, the acquisition of strategically desirable land, and investment
in urban centres where greater demand exists.

What influence do real estate developers have on communities?

Developers contribute to local communities by providing homes, retail space, and public amenities
that boost the local economy and create employment opportunities.

What are the emerging trends in realty sector in India?

Growing trends in real estate: Sustainable buildings, Smart homes and Mixed-use development in

How Can One Get into Real Estate Development?

Those interested in entering real estate development careers often begin their careers in roles like
construction, architecture, or finance and acquire the right education and connections to advance to
real estate development positions.

What Are the Dangers Associated With Real Estate Development?

Risk in real estate development include; market volatilities, policy changes, financial risks, and
project/ construction risks

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