You are here: Home » Current Affairs » News » National
Business Standard

Mangal Prabhat Lodha richest realty entrepreneur in India: Report

The list relates to those realtors born and brought up in the county

Raghavendra Kamath & Agencies  |  Mumbai 

Mangal Prabhat Lodha
Mangal Prabhat Lodha

Despite the crisis in realty space of the country, net worth of top 100 realtors jumped 27 per cent to Rs 2.37 trillion in 2018, according to Hurun rich-list 2018.

While Lodha group founder Mangal Prabhat Lodha topped the list,India's largest developer DLF group and its founder K P Singh did not find a place among the top 10 developers this year.

The 62-year-old Lodha, who is also a senior BJP leader, is the richest entrepreneur with total wealth of Rs 271.50 billion.

He is followed by Jitendra Virwani of the Bengaluru-based Embassy group with total wealth of Rs 231.60 billion in 2018.

Lodha was at the second position last year with a wealth of Rs 186.10 billion, while DLF's Kushal Pal Singh, who had topped the list last year with a wealth of Rs 234.60 billion. However, his son Rajiv Singh comes third with wealth of Rs 176.90 billion this year.

Mangal Prabhat Lodha richest realty entrepreneur in India: Report

First Published: Wed, November 21 2018. 17:20 IST
RECOMMENDED FOR YOU