India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

With a wealth of Rs 61,220 crore, Rajiv Singh of DLF overtook Mangal Prabhat Lodha & family of Macrotech Developers (wealth of Rs 52,970 crore) to become the wealthiest Indian real estate entrepreneur, according to the latest Grohe-Hurun India Real Estate Rich List 2021. Singh added Rs 25,000 crore to this wealth in 2021.

Chandru Raheja & family (K Raheja Corp), Jitendra Virwani (Embassy Office Parks) and Vikas Oberoi (Oberoi Realty) are at the third, fourth and the fifth spots respectively, the Grohe-Hurun India Real Estate Rich List 2021 suggests. The average wealth of the GROHE-HURUN India Real Estate Rich